AMD (Advanced Micro Devices) Stock News

Cathie Wood bought shares of AMD, DraftKings, and Tempus AI on Tuesday. AMD is growing its data center and AI chips business, but it's struggling badly in other segments.

Advanced Micro Devices, Inc. is positioned as a challenger to Nvidia in the data center AI chip market, with a promising long-term growth outlook. Q2 results showed 115% YoY growth in data center revenue, while other segments faced headwinds, impacting overall growth. AMD's Q3 guidance indicates 16% YoY revenue growth, driven by AI and stabilization in gaming and embedded segments.

UBS shared its “most compelling buy-rated investment ideas.”

Our theme of Internet Infrastructure Stocks which includes companies that sell hardware and software for server processors, graphics units, memory, and networking equipment, has returned about 16% year-to-date. This compares to the S&P 500 which remains up by about 15% over the same period.

The AI supercycle is only getting started, according to chipmaker Advanced Micro Devices Inc's (NASDAQ:AMD, ETR:AMD) CEO Dr Lisa Su in an interview with Yahoo! Finance.  The tech giant is capitalising on the boom by accelerating the production of processors designed to power the artificial intelligence revolution, Su said on the fringes of the Goldman Sachs Communacopia & Technology Conference.

Advanced Micro Devices, Inc. (NASDAQ:AMD ) Goldman Sachs Communacopia and Technology Conference Call September 9, 2024 3:25 PM ET Company Participants Lisa Su - Chair and Chief Executive Officer Conference Call Participants Toshiya Hari - Goldman Sachs Toshiya Hari Okay. We'd like to get started.

Advanced Micro Devices, Inc. is investing aggressively in AI chips, networking, and system-level solutions to gain market share. The company's fundamentals are improving, with significant growth in the Data Center segment, contributing to higher total revenue and gross margins. Despite customer concentration risks and underperforming segments, its PEG ratio suggests potential for stock price ap...

Nvidia (NASDAQ: NVDA) remains one of the most successful stories in the stock market, fueled by the company's venture into artificial intelligence (AI) space.