Nasdaq AMD

Shares of Advanced Micro Devices (NASDAQ: AMD) have pulled a stunning round trip so far in 2024. Following management's increasingly upbeat commentary on sales related to artificial intelligence (AI) early in the year, the stock soared higher.

Interest in artificial intelligence (AI) has skyrocketed since the start of 2023, with the launch of OpenAI's ChatGPT kicking off a boom in the industry. As a result, many tech stocks have enjoyed significant gains over the last 12 months as investors have grown bullish over the

The big story in the stock market over the past few years has been artificial intelligence (AI). Generative AI, which can create text, images, videos, and audio, looks likely to be a transformative technology. Tech leaders like Microsoft, Alphabet, and Advanced Micro Devices are

Investing in solid companies and holding them for a long time is a robust strategy that could help investors significantly boost their wealth in the long run and construct a million-dollar portfolio. This strategy allows investors to capitalize on disruptive and secular growth tr

Investors are highly anticipating Q1 earnings from Nvidia NVDA next week with the broader indexes printing fresh highs fueled by reassuring inflationary data in April.

The S&P 500 Index ($SPX ) (SPY ) Friday closed up +0.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.06%. US stock indexes settled mixed on Friday as they consolidated just below this week’s...

Nvidia ( NASDAQ:NVDA ) is the kingpin of the artificial intelligence (AI) revolution. Its GPUs (graphics processing units) have become synonymous with cutting-edge AI-enabled applications, powering everything from ChatGPT to autonomous vehicles and medical diagnostics. With its relentless innovation and strategic partnerships, Nvidia continues to shape the landscape of AI, driving further advancements. Despite the high trailing valuation (71.3x earnings), I find it hard to be anything but bullish on NVDA stock. NVDA stock has gained 198% in the past year. Nvidia Earnings Are Coming Up — What to Expect Nvidia could be poised to exceed expectations once again with the company due to report earnings on May 22. Analysts are anticipating adjusted diluted earnings per share (EPS) of $5.59 for the quarter ending on April 28 — or GAAP EPS of $5.18. In the last 90 days, there have been 35 positive revisions and only two negative revisions to the company’s Q1 earnings expectations. These projections represent a 413% increase year-over-year. Revenue is expected to come in at $24.47 billion. In turn, this would represent a staggering 240% increase year-over-year. Nvidia’s official guidance for Fiscal Q1 2025 (the current quarter), announced at the conclusion of the previous quarter, indicated anticipated revenues of $24 billion, with a margin of error of plus or minus 2%. However, Nvidia has developed a track record of beating and outperforming its revenue and earnings expectations. The company has actually beaten revenue expectations in all of the last eight quarters. Plus, it has beaten earnings expectations in six of the last eight quarters and has surpassed all forecasts in the past 12 months. This is certainly a positive trend for Nvidia. Moreover, investors will be looking at the impressive quarterly results posted by two of Nvidia’s key suppliers — Taiwan Semiconductor ( NYSE:TSM ) and SK Hynix. The latter — the world’s second-largest memory chip maker — attributed its impressive growth to a boom in AI demand. SK Hynix said that sales reached 12.43 trillion South Korean Won in Q1, a 144% increase from a year ago. Meanwhile, TSMC’s sales rose 12.9% in the first quarter. The impressive showings of these Nvidia suppliers suggest a positive outlook for the Santa Clara company’s upcoming results. Nvidia: Still the AI Kingpin Nvidia is the kingpin of AI. And for now, there doesn’t appear to be much risk of this changing. The company is continuing to innovate. Its latest innovation, the Blackwell Architecture, offers a massive performance boost versus earlier chipsets. For certain tasks, the GB200 NVL72 is up to 30x faster than its predecessor, the H100. However, there are some signs of competition. Advanced Micro Devices ( NASDAQ:AMD ) is continuing to invest heavily in the development of its chips. In April, AMD unveiled its latest processors to power AI-enabled personal computers. Meanwhile, big tech companies like Google ( NASDAQ:GOOGL ) ( NASDAQ:GOOG ), Microsoft ( NASDAQ:MSFT ), Amazon ( NASDAQ:AMZN ), and Meta ( NASDAQ:META ) are designing their own AI chips to reduce their reliance on Nvidia. These custom-made chips cater to their specific needs but could eat into Nvidia’s market share, as these companies also represent major customers currently. Chinese companies may one day represent a threat to Nvidia as well. Although, for now, they appear some way behind. According to Reuters, two Chinese chipmakers are looking to manufacture high bandwidth memory (HBM) semiconductors used in AI chipsets. It comes as the U.S. and its allies have tightened Chinese access to advanced chip technology. Nevertheless, given China’s persistence and investments in the area, Chinese chips could possibly represent a threat to Nvidia’s leadership in the future. Nvidia’s Value Proposition Nvidia certainly doesn’t look cheap at 71.3x non-GAAP TTM earnings and 36.6x non-GAAP forward earnings. However, as the difference between the TTM and forward figures highlights, the value is in the company’s growth prospects. Nvidia’s earnings are expected to grow at 34.5% annually over the medium term — the next three to five years. In turn, Nvidia’s price-to-earnings-to-growth (PEG) ratio is just 1.06x (1.0x and under is traditionally considered undervalued). I find this to be a particularly attractive metric, given the company’s strong net cash position. Is Nvidia Stock a Buy, According to Analysts? Nvidia stock comes in as a Strong Buy based on the ratings of 42 analysts in the past three months. There are currently 40 Buys, two Holds, and zero Sell ratings. The  average NVDA stock price target is $1,027.95, with a high forecast of $1,400 and a low forecast of $620. The average price target represents 11.15% upside potential. The Bottom Line on Nvidia Stock Nvidia stock isn’t trading too far below its average stock price target, but I think that reflects the strong momentum of the share price. Analysts may be simply struggling to keep up with the stock’s growth in recent months. Nonetheless, I’m bullish on Nvidia, given its near-term dominance in the AI chip sector and its very strong growth trajectory. I’m already an investor in Nvidia, but I certainly wouldn’t think twice about putting my money behind a company of this caliber with a PEG ratio of 1.06x. Disclosure   

The S&P 500 Index ($SPX ) (SPY ) today is down -0.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.34%. US stock indexes today are mixed as they consolidate just below this week’s all-time...

With Memorial Day weekend in a week, investors looking to generate income for the holiday weekend festivities might want to consider selling these three unusually active put options from Thursday trading.

The WisdomTree Artificial Intelligence and Innovation Fund ETF is seeing unusually high volume in afternoon trading Friday, with over 678,000 shares traded versus three month average volume of about 172,000. Shares of WTAI were up about 0.2% on the day. Components of that ETF

The S&P 500 Index ($SPX ) (SPY ) today is up +0.11%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.10%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.16%. US stock indexes today are slightly higher as they consolidate just below this week’s...

In early trading on Friday, shares of Advanced Micro Devices topped the list of the day's best performing components of the Nasdaq 100 index, trading up 3.6%. Year to date, Advanced Micro Devices registers a 14.3% gain. And the worst performing Nasdaq 100 component thus far on

In early trading on Friday, shares of Advanced Micro Devices topped the list of the day's best performing components of the S&P 500 index, trading up 3.6%. Year to date, Advanced Micro Devices registers a 14.3% gain. And the worst performing S&P 500 component thus far

Advanced Micro Devices (AMD) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

The NASDAQ 100 Pre-Market Indicator is up 44.54 to 18,602.5. The total Pre-Market volume is currently 61,377,669 shares traded.The following are the most active stocks for the pre-market session: GameStop Corporation (GME) is -6.24 at $21.43, with 15,184,179 shares traded. GME's

Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks

The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -0.21%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.10%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.21%. US stock indexes gave up an early advance on Thursday and closed lower. The...

The S&P 500 Index ($SPX ) (SPY ) is down -0.03%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.02%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.09%. US stock indexes are moderately lower this afternoon, after the S&P 500, Dow Jones Industrials,...

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.25%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.32%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.28%. US stock indexes this morning are moderately higher, with the S&P 500, Dow...

Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks