Why AMD Stock Jumped Again Today

01.03.24 23:41 Uhr

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Advanced Micro Devices (NASDAQ: AMD) recorded another day of strong gains in Friday's daily trading. The semiconductor company's share price closed out the session up 5.3%, according to data from S&P Global Market Intelligence.While there wasn't any business-specific news for AMD, its share price surged in conjunction with the latest bullish indicators for AI demand and growth opportunities. Dell published its fourth-quarter report after the market closed Thursday, and its results have spurred another round of bullish momentum for artificial intelligence (AI) stocks.If Wall Street was looking for another reason to be bullish on AI stocks, Dell's Q4 report and guidance seems to have delivered it. The company recorded non-GAAP (adjusted) earnings of $2.20 per share on sales of $22.3 billion, beating the average analyst estimate's call for per-share earnings of $1.72 on sales of roughly $22.15 billion. Even better, the company indicated that it was seeing strong demand for its AI server products and that it expected this catalyst to drive strong performance through 2025. Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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Nachrichten zu AMD (Advanced Micro Devices) Inc.

Analysen zu AMD (Advanced Micro Devices) Inc.

DatumRatingAnalyst
27.02.2024AMD (Advanced Micro Devices) Market-PerformBernstein Research
31.01.2024AMD (Advanced Micro Devices) BuyUBS AG
02.11.2022AMD (Advanced Micro Devices) NeutralUBS AG
22.02.2022AMD (Advanced Micro Devices) OutperformBernstein Research
02.02.2022AMD (Advanced Micro Devices) OverweightBarclays Capital
DatumRatingAnalyst
31.01.2024AMD (Advanced Micro Devices) BuyUBS AG
22.02.2022AMD (Advanced Micro Devices) OutperformBernstein Research
02.02.2022AMD (Advanced Micro Devices) OverweightBarclays Capital
02.02.2022AMD (Advanced Micro Devices) Conviction Buy ListGoldman Sachs Group Inc.
12.08.2019AMD (Advanced Micro Devices) OutperformCowen and Company, LLC
DatumRatingAnalyst
27.02.2024AMD (Advanced Micro Devices) Market-PerformBernstein Research
02.11.2022AMD (Advanced Micro Devices) NeutralUBS AG
02.02.2022AMD (Advanced Micro Devices) NeutralJP Morgan Chase & Co.
01.08.2019AMD (Advanced Micro Devices) HoldThe Benchmark Company
31.07.2019AMD (Advanced Micro Devices) HoldCraig Hallum
DatumRatingAnalyst
18.07.2017AMD (Advanced Micro Devices) UnderweightBarclays Capital
07.07.2015AMD SellUBS AG
23.08.2012Advanced Micro Devices (AMD) underperformMacquarie Research
23.07.2012Advanced Micro Devices (AMD) underperformMacquarie Research
11.07.2012Advanced Micro Devices (AMD) sellGoldman Sachs Group Inc.

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