The chip stocks that I follow look a bit sideways in the early hours of the Thursday session, as the markets continue to try to get an idea of how things are going to play out with the tariff war, especially between the Chinese and the Americans.
AMD stock fell over 7% due to Nvidia's export restrictions to China, impacting AMD's AI chip sales and contributing to a ~26% YTD decline. The Company's forward P/E of ~19x for 2025 EPS offers a margin of safety, prompting an upgrade in the stock rating. Advanced Micro Devices' diversified revenue mitigates the impact of potential Chinese market losses.
In this video, I go over recent updates regarding Advanced Micro Devices (AMD -7.42%). Watch the short video to learn more, consider subscribing, and click the special offer link below.
AMD stock price has plunged since 2024, leading to a $245 billion wipeout as the market cap dropped from a high of $379 billion in 2024 to $134 billion today. It has also retreated to its lowest level since May 2023.
Chip developer Advanced Micro Devices (AMD) on Wednesday said it expects new US licensing requirements for semiconductors exported to China to cost it as much as $800 million.
Advanced Micro Devices (AMD -7.42%) stock saw a big valuation pullback Wednesday. The semiconductor company's share price ended the day's trading down 7.4% amid a 2.3% decline for the S&P 500 and a 3.1% decline for the Nasdaq Composite.
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