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Advanced Micro Devices Inc (NASDAQ:AMD) Soaring As Market GainsAMD made significant revenue and unit share gains in the server, laptop, and desktop PC markets during the last quarter. Year-over-year, AMD gained 5.8% unit share in desktop PCs, 3.8% in mobile, and 5.8% in servers. Looking at the percentage of the cash AMD gained compared to its rivals (revenue share) year-over-year, AMD gained 4.1% in desktops, 5.1% in notebooks, and 1.7% in servers. The preceding quarters were challenging both for the consumer PC and server markets as chipmakers and their clients tried to normalize inventory levels and align supply and demand. The situation has largely normalized for the two major CPU suppliers — AMD and Intel — in the third quarter as PC makers started to purchase processors for back-to-school and holiday seasons, whereas server makers ramped up production of machines based on the latest EPYC and Xeon platforms. Overall, AMD was luckier than Intel in Q3 2023 as it gained share, according to Mercury Research. As it turns out, AMD has gained client and server CPU market share both quarter-over-quarter and year-over-year in the third quarter of 2023, based on data from Mercury Research. The data does not include numbers for Intel and Arm, though, given the dominance of AMD and Intel in client PCs, we can guess that AMD's gains were at Intel's expense. Technical Analysist Price Momentum AMD is trading near the top of its 52-week range and above its 200-day simple moving average. What does this mean? Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
NASDAQ:AMDLong
by DEXWireNews
AMD Shares Climb 9% On AI Optimism Despite Lowering GuidanceAMD expects to sell $2 billion in AI-powered chips next year, as it attempts to catch up to rival Nvidia. Advanced Micro Devices (AMD) shares leaped more than 9% Wednesday after the company said it expects to sell $2 billion in AI-powered chips next year as it attempts to catch up to market leader and rival Nvidia (NVDA). The company, which reported better-than-expected third quarter earnings yesterday, is projecting revenue of $6.1 billion (plus or minus $300 million) in the last three months of the year. That number is up from $5.8 billion for the third quarter but below the $6.4 billion analysts had expected. However, according to some analysts, AMD's lineup of AI processors is more important than its embedded business—chips for industrial, automotive and networking sectors. AMD is ramping up its investments in artificial intelligence (AI) in an effort to catch up to rival Nvidia, which has become one of the world's biggest semiconductor companies with a market cap exceeding $1 trillion. AMD's MI300 processor, which the company has described as "the world's most advanced accelerator for generative AI," could help the chipmaker catch up to its bigger rival. Sales of AI-powered graphics processing units (GPUs) are expected to reach $2 billion next year, AMD Chair and CEO Lisa Su said on the company's earnings call. Su earlier this year called AI "the defining technology shaping the next generation of computing and the largest strategic growth opportunity for AMD," and said the company is "laser-focused on accelerating the deployment of AI platforms at scale in the data center." Shipments of MI300 processors are expected to begin by the end of 2023, Su said at a product showcase in June. With Wednesday's gain, shares of AMD are up almost 69% so far this year. While impressive, it's a small gain compared to those of rival Nvidia, which has almost tripled year-to-date and is the S&P 500's best-performing stock this year.
NASDAQ:AMDLong
by DEXWireNews
$AMD Quarter 3 (Q3) AnalysisAMD is playing out as planned since the initial Q2 prediction with a dip into the buy zone. I’ve been saying that AMD is an excellent buy opportunity under $100, and the bearish August and September price action has helped to send AMD down to this price level. I have $158.53 as a key price target for Q4, and I believe that AMD will form a new all-time high afterwards. Long-term I think AMD will be a $400-500 stock. The yellow trendline has been acting as a support level and AMD just formed a bullish bounce off this support. The red trendline will act as short-term resistance on the way up.
NASDAQ:AMDLong
by realchartchamp
Adv. Micro Dev. (AMD) -> Breakout TimeMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Advanced Micro Devices. Just 9 months ago - after a quite harsh drop of more than 60% - Advanced Micro Devices perfectly retested the 0.786 fibonacci retracement level and reversed towards the upside. With the overall trend still being massively bullish I am now waiting for and expecting a bullish breakout of the current flag pattern with my upside target being the previous all time high. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
NASDAQ:AMDLong
by basictradingtv
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