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ADVANCED MICRO DEVICES INC CEDEARS (EACH 10 REP 1 COM USD0.01)ADVANCED MICRO DEVICES INC CEDEARS (EACH 10 REP 1 COM USD0.01)ADVANCED MICRO DEVICES INC CEDEARS (EACH 10 REP 1 COM USD0.01)

ADVANCED MICRO DEVICES INC CEDEARS (EACH 10 REP 1 COM USD0.01)

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AMD Skyrockets Over 9%, Nvidia Rises: What’s Driving the Surge?Overview Advanced Micro Devices, Inc. (NASDAQ: NASDAQ:AMD ) saw its shares soar over 9% in premarket trading on Wednesday, following an impressive second-quarter earnings report that exceeded expectations. The strong performance has also positively impacted rival Nvidia (NASDAQ: NVDA), which experienced a rise in its stock price. Here’s a detailed look at what’s happening and why AMD is grabbing headlines. Record-Breaking Q2 Performance NASDAQ:AMD ’s second-quarter results were stellar, with revenue and earnings surpassing Wall Street's expectations. The highlight was a record surge in data center revenue, which soared to $2.8 billion, marking a 115% year-over-year increase and a 21% sequential growth. This surge was driven by high demand for AMD's Instinct, EPYC, and Ryzen processors. CEO's Optimism Lisa Su, AMD's CEO, expressed confidence in the company’s trajectory, stating, “Our AI business continued accelerating and we are well positioned to deliver strong revenue growth in the second half of the year led by demand for Instinct, EPYC, and Ryzen processors.” This positive outlook has further fueled investor confidence. Strong AI Business Growth A significant contributor to AMD's success has been its AI business. On the earnings call, Su mentioned that leading cloud and enterprise providers expanded the availability of Instinct MI300X solutions, and quarterly revenue for MI300 exceeded $1 billion for the first time. This milestone underscores the robust demand for AMD’s AI and data center products. Impact on Rivals and Sector-Wide Rally The positive sentiment generated by AMD's strong quarterly results has extended to other semiconductor companies, particularly Nvidia. Nvidia shares rose 5.40% to $109.40 in premarket trading, buoyed by the anticipation of its upcoming earnings report on August 28. Qualcomm also experienced gains, as AMD’s success provided a boost to the overall sector. Geopolitical and Sector-Wide Factors The semiconductor sector received additional uplift from reports suggesting potentially less severe U.S. export restrictions on China. According to news sources, new U.S. chip export restrictions might exclude allies like the Netherlands, Japan, and South Korea, which alleviated some concerns in the market. This news, combined with positive earnings, contributed to the rally in semiconductor stocks. Global Semiconductor Rally Shares of global semiconductor firms rallied on Wednesday, boosted by the strong earnings in the sector and favorable geopolitical developments. Samsung’s shares rose significantly after a notable jump in operating profit, and ASML also saw gains following the Reuters report on U.S. export restrictions. AMD Stock Performance NASDAQ:AMD stock, which had been down over 6% year-to-date, climbed 9.40% to $151.45 in premarket trading. If these gains hold, NASDAQ:AMD could erase its year-to-date losses. This strong market reaction reflects the confidence investors have in AMD’s growth trajectory and its ability to capitalize on the burgeoning demand for AI and data center technologies. Conclusion AMD's exceptional second-quarter performance, driven by record data center revenue and robust growth in its AI business, has significantly boosted its stock price and positively impacted the broader semiconductor sector. The appointment of CEO Lisa Su and the company’s strategic focus on high-demand areas like AI and data centers have positioned NASDAQ:AMD for continued success. As the semiconductor industry navigates geopolitical challenges and market fluctuations, AMD's strong fundamentals and growth prospects make it a standout player.
NASDAQ:AMDLong
by DEXWireNews
AMD Final Flush completed. Next High above $300.The Advanced Micro Devices (AMD) have most likely bottomed on this week's 1W candle as after breaking last week below the 1W MA50 (blue trend-line), their earnings report last night came out better than expected and the opening is expected considerably higher. Technically, the stock has almost touched the bottom (Higher Lows trend-line) of the 2-year Channel Up that started on August 01 2022. This can be a similar Higher Low to the last one on the week of October 23 2023. As you can see, that Low was priced while the 1W CCI was Oversold (below -100.00), similar to today. The Channel's first Low was again on an oversold 1W CCI on the week of October 10 2022. As the same time, we are as close to the bottom of the Sine Wave as possible, which again, as you see, has marked the last two Higher Lows of the long-term Channel Up. We don't expect any more divergencies from what a typical Channel Up would suggest, and that is the start of a new Bullish Leg, its 3rd so far. If the next Higher High is exactly at the top of the Sine Wave, then we can expect it in early January 2025. The previous two Higher Highs were priced after +144% rallies from the Lows, so it is possible to see $345.00 if this symmetry continues to hold. A 300 - 320 Target Zone though is in our view more suited for a Higher High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMDLong
by TradingShot
4
Analysis of AMD Share Price Ahead of Today's ReportAnalysis of AMD Share Price Ahead of Today's Report The earnings season is in full swing: over 200 companies in the S&P 500 index (SPX 500 mini on FXOpen) have reported their current cycle results, with average earnings up 6.5% year-on-year and revenue growth of 4.1%, according to a client note from Oppenheimer Asset Management published on Monday. This week, investors are awaiting reports from mega-cap companies, including Apple (AAPL), Microsoft (MSFT), Facebook (META), and Amazon.com (AMZN). Among other major brands are Intel (INTC), Boeing (BA), Pfizer (PFE), Exxon Mobil (XOM), as well as chipmaker AMD, whose second-quarter earnings report will be released today after the close of the main trading session. Analysts expect AMD's earnings per share to rise from $0.62 to $0.68. What does the AMD chart indicate? Despite the S&P 500 index (SPX 500 mini on FXOpen) rising approximately 15% in 2024, AMD's share price remains near its January start price. Technical analysis of AMD's share chart shows that the price was in an uptrend (shown in blue) in the first half of 2024, but the trend turned downwards (shown in red) after the price exceeded the psychological level of $200. Today, AMD's share price is near a support block formed by: → the long-term trend line (shown in orange); → the lower boundary of the downward channel; → the current yearly low around $135 per share. It is possible that today's earnings report could provide a fundamental driver (e.g., higher-than-expected earnings per share) for a reversal upwards from this support block. Meanwhile, forecasts remain optimistic. According to predictions from 34 Wall Street analysts surveyed by TipRanks, 28 recommend buying AMD shares. On average, they forecast AMD's price to reach $194.93 (nearly +40% from current levels) within 12 months. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:AMD
by FXOpen
1
AMD - "Am I in trouble" - Why We WAIT!This is in response to someone who commented on my last AMD video a week ago saying he sold puts for 2 weeks out (indicating he wants the price to hold above a certain level). Here is why I'm skeptical and why I identify and WAIT for my targets to be hit, especially when there is such an attractive Higher Time Frame point of interest. If you understanding market dynamics and liquidity building, you can understand that things take time to develop and the difference between a winning and losing trade or success in this business is whether you waited for your trading plan to play out or if you jumped in early because of FOMO, etc. Hope this was helpful Vlad! Happy Trading :)
NASDAQ:AMD
by ReigningTrades
19
AMD - Correction of -40% over?NASDAQ:AMD just created a new all time high, however we have to be quite careful now. Volatility is the basis of every major trading position and trading profit. Advanced Micro Devices is just such a stock which offers volatile swings every now and then. Currently Advanced Micro Devices is retesting the previous all time high which is now acting as support. I do expect a move higher but there is simply no good risk to reward setup at the current levels. Levels to watch: $155, $110 Keep your long term vision, Philip - BasicTrading
NASDAQ:AMDLong
by basictradingtv
11
AMD - Symmetrical triangle on the dailyWith all the AI noise going around and Semiconductor stocks rallying, it would be interested to see what AMD does here from now until the ER which is nearly a month away from today I see a Symmetrical triangle formation on the Daily chart for AMD. On the upside, we have supple zone from 165-171/2 levels where we would see some resistance. On the downside, we have demand zone from 145-150 levels which should act as support. If this support holds and we initiate long, then 139 can be your SL I will not be initiating a trade now unless I see which side we are going to break from the symmetrical triangle and place my bets accordingly.
NASDAQ:AMD
by adkis
AMD - buy the dipNASDAQ:AMD has seen a failed breakout out of a cup and handle 3c pattern. It has performed the worst out of the whole sector year to date. Earnings is coming up on July 30th, I believe this is a perfect setup for a rip to ATH, as AMD is seen as the biggest potential competitor for nvidia AI gpus. Cloud providers are buying every GPU they can lay their hands on, which is why I believe AMD will post great earnings, with strong growth in DC, target is ATH in the week following earnings which is why I am buying long diagonals (sep/aug) and bull spreads for August after earnings.
NASDAQ:AMDLong
by itay1542
1
Signs of strength for AMDAMD has been a laggard in the semiconductor space. However, since the bear market low it's been in a clear bull trend despite being outshined by NVDA. It's discernible that AMD may have some cyclicality in its price action. For the first 256 trading days from the 2022 low AMD found a high on day 161 and went into a bear trend until day 256. We are currently on day 164 since that last low. Originally I believed we topped early and would form a new low around day 256 like the last period. AMD not rolling over back to 140 forming a base is a sign of strength. Who doesn't love a good catch up trade. Aug 16 180C. Invalidation is if we drop below 160.
NASDAQ:AMDLong
by limit_buy_69