Nasdaq AMD

Over the last several weeks, investors have likely become distracted by the increasing number of headlines about the bear market, inflation, and interest rate hikes. And while the Nasdaq Composite index is down about 28.4% year to date (and many tech stocks are doing far worse),

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Shares of Advanced Micro Devices (NASDAQ: AMD) have been brutally battered in 2022 as investors have shunned richly valued technology companies amid rising interest rates, surging inflation, and the semiconductor shortage that's hurting the growth of chipmakers.

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco QQQ (Symbol: QQQ) where we have detected an approximate $274.7 million dollar outflow -- that's a 0.2% decrease week over week (from 547,300

Today's video focuses on Advanced Micro Devices (NASDAQ: AMD) and a quick overview of its current and upcoming solutions for the data center market. A recent report by Cockroach Labs shows how AMD might be a few steps ahead of its competitors. Check out the short video below to l

Shares of the semiconductor giant Advanced Micro Devices (NASDAQ: AMD) have lost substantial value this year. For instance, AMD stock has dropped over 43% year-to-date on fears of a slowdown in the end market amid economic reopening, supply constraints, and lockdown in China. 

Now What?

While AMD stock has declined quite a lot, the fear of a slowdown in demand hasn’t played out yet. AMD continues to deliver robust revenue growth on the back of solid demand trends. During the last reported quarter, each of AMD’s businesses registered double-digit growth.

Moreover, at its analyst day, the company reiterated its full-year guidance, citing ongoing strength in its business. Furthermore, management is upbeat and expects its top line to grow at a CAGR of 20% in the medium term. The expansion of TAM (total addressable market), new product launches, and the Xilinx acquisition bode well for growth. 

Highlighting AMD’s analyst day guidance, Susquehanna analyst Christopher Rolland stated, “Specifically, we note the ~20% top-line CAGR, >57% GM [gross margin], and mid-30% OM [operating margin] guides, which were all generally in-line with our prior expectations for the day. If properly executed, we note the new model could drive nearly ~$7 of EPS in 2025, with more than half of revenue expected to come from data center and embedded end markets.”

Rolland is bullish on AMD stock. Moreover, his price target of $140 represents 71.6% upside. 

Contrary to Rolland, Robert W. Baird analyst Tristan Gerra expects a deceleration in AMD’s growth. Gerra stated, “At its analyst day, AMD reiterated its full-year guidance, citing strength in data center, Xilinx, and PC mix. However, given concerns around an abrupt slowdown in PC demand, weakening consumer GPU trends, and much tougher comps for 2023, investors are likely to stay on the sidelines.”

Gerra, who remains sidelined on AMD stock, added that competition from Intel (NASDAQ: INTC) could pose challenges for AMD in the medium term.

Bottom Line  

The ongoing strength in demand, new product launches, and the expansion of TAM bode well for AMD’s future growth. Further, management’s upbeat guidance is positive. 

However, Wall Street is cautiously optimistic about AMD stock on concerns about a slowdown in growth and competition. AMD stock has received 14 Buy and 10 Hold recommendations for a Moderate Buy consensus rating. Meanwhile, the average AMD price target of $138.40 implies 69.7% upside potential to current levels.

Read full Disclosure

In the latest trading session, Advanced Micro Devices (AMD) closed at $81.57, marking a -0.59% move from the previous day. This change lagged the S&P 500's 0.22% gain on the day. At the same time, the Dow lost 0.13%, and the tech-heavy Nasdaq gained 0.22%.

If you're interested in broad exposure to the Technology - Telecom segment of the equity market, look no further than the First Trust Indxx NextG ETF (NXTG), a passively managed exchange traded fund launched on 02/17/2011.

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Today's video focuses on recent updates affecting the semiconductor manufacturing market, mainly Taiwan Semiconductor Manufacturing Company (NYSE: TSM) and Advanced Micro Devices (NASDAQ: AMD). A recent report by SEMI forecasts healthy growth in global fab equipment spending for

Whatever cheer investors took from yesterday's Federal Reserve policy announcement and Chair Jerome Powell's presser evaporated Thursday, as the major indexes sank and the Dow Jones Industrial Average dropped to within close reach of its own bear market.

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Biogen Inc (Symbol: BIIB), where a total of 4,456 contracts have traded so far, representing approximately 445,600 underlying shares. That amounts to about 44.3% of BII

What happened Shares of Nvidia (NASDAQ: NVDA), Advanced Micro Devices (NASDAQ: AMD), and Qualcomm (NASDAQ: QCOM) were all down big again Thursday, off by 5.4%, 8.1%, and 7.2%, respectively, as of 1:16 p.m. ET.

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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel

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