Northland Reiterates Outperform Rating on AMD (AMD)

NVIDIA, Broadcom stock rises after AMD results

Shares of Nvidia (NASDAQ: NVDA) and Broadcom (NASDAQ: AVGO) opened higher on Wednesday following AMD (NASDAQ: AMD) earnings report after the close on Tuesday.

AMD reported Q2 EPS of $0.69, $0.01 better than the analyst estimate of $0.68. Revenue for the quarter came in at $5.84 billion versus the consensus estimate of $5.72 billion.

Looking ahead, the company sees Q3 2024 revenue of $6.7 billion plus or... More

Stifel Reiterates Buy Rating on AMD (AMD)

Stifel analyst Ruben Roy reiterated a Buy rating and $200.00 price target on AMD (NASDAQ: AMD).

The analyst comments "AMDs results and outlook were modestly above expectations with revenue exceeding the midpoint of management guidance on higher-than-expected data center, client and server processor sales.... More

AMD (AMD) PT Lowered to $195 at Mizuho

Mizuho analyst Vijay Rakesh lowered the price target on AMD (NASDAQ: AMD) to $195.00 (from $215.00) while maintaining a Outperform rating.... More

AMD (AMD) PT Lowered to $180 at Cantor Fitzgerald

Cantor Fitzgerald analyst C.J. Muse lowered the price target on AMD (NASDAQ: AMD) to $180.00 (from $200.00) while maintaining a Overweight rating.

The analyst comments "Amidst investor fears of a slowdown in MI300 demand from Microsoft, AMD offered a better-than-feared report including a modest beat for the June Q, mixed outlook for the September Q (slightly better revs, worse EPS), and, very importantly, raised its outlook for MI300 revenues from >$4B+ to >$4.5B+. Specific to the MI300 and AI outlook, we... More

AMD (AMD) PT Lowered to $156 at Truist Securities

Truist Securities analyst William Stein lowered the price target on AMD (NASDAQ: AMD) to $156.00 (from $162.00) while maintaining a Hold rating.

The analyst comments "Incrementally raising AI GPU guidance. AMD's beat Q2 consensus & guided Q3 mixed. The Datacenter & Client end market upsides will likely predominate... More

Intel plans major job cuts to cut costs and fuel turnaround - Bloomberg

Investing.com - Intel Corporation (NASDAQ: INTC) is set to reduce thousands of jobs as part of a strategy to trim costs and support a significant turnaround effort, sources told Bloomberg on Tuesday.

The job cuts, which could be announced this week, come as the company seeks to recover from a period of declining earnings and market share losses.

Sources familiar with the situation, who spoke on condition of anonymity, revealed the plans ahead of Intel's second-quarter earnings report scheduled for... More

Nvidia stock Top Pick at Morgan Stanley again after tech sell-off

Morgan Stanley analysts reassigned a Top Pick rating for Nvidia (NASDAQ: NVDA) stock on Wednesday after the chipmakers shares fell sharply amid a broader market sell-off the previous day.

NVDA tumbled 7% on Tuesday to $103.73, representing its lowest closing price since May. Other chip stocks followed, with the iShares Semiconductor ETF (NASDAQ: SOXX) losing 3.6% on the day.

Morgan Stanley issued no changes to their Nvidia estimates or price target, but noted that the sell-off presents a good entry point as we continue to hear strong data... More

Fed decision, BOJ, Microsoft, Meta Platforms - what's moving markets

Investing.com -- The Bank of Japan hiked interest rates earlier Wednesday, putting the focus on the Federal Reserve, which concludes its July meeting later in the session. Wall Street looks set to end the month on a positive note as investors digest earnings from the likes of Microsoft. 

The Bank of Japan started the weeks central bank parade earlier Wednesday, raising interest rates and signaling its resolve to unwind a decade of massive monetary stimulus.

AMD stock jumps on better-than-expected outlook, AI sales

(Updated - July 31, 2024 4:47 AM EDT)

Advanced Micro Devices, Inc. (NASDAQ: AMD) posted a second-quarter earnings win with a slight beat on analyst expectations. AMD stock rose more than 9% in premarket trading Wednesday.

The chipmaker reported adjusted earnings per share (EPS) of $0.69, just above the $0.68 consensus. The company's revenue also exceeded forecasts, coming in at $5.84 billion against the predicted $5.72 billion.

This performance represents a strong showing in a competitive... More

Barclays says sell-off in these 3 tech stocks has gone too far

Analysts at Barclays said in a note Tuesday that the recent sell-off in several tech stocks has been excessive, presenting a buying opportunity for selective investors.

The current market environment, characterized by numerous potential catalysts such as central bank decisions and major earnings reports, has created significant volatility. However, Barclays believes that certain tech stocks remain strong.

"Fundamentally, we remain positive Tech on account of potentially strong EPS... More

AMD raises forecast for AI chip revenue and sees supplies remaining tight

By Max A. Cherney and Arsheeya Bajwa

(Reuters) - Advanced Micro Devices on Tuesday increased its 2024 forecast for artificial intelligence chip sales by $500 million and said supplies would remain tight through 2025, sending shares of the Santa Clara, California-based company up 7.5% in extended trading.

The AI chips designed by AMD are largely bought by cloud computing giants. Industry insiders and Wall Street view AMD's line of AI chips as one of the few potentially viable competitors to Nvidia, which dominates the market. Shares of Nvidia rose 4.7% following the AMD report.

AMD counts Meta Platforms as a customer, and... More

Advanced Micro Devices, Inc. (AMD) Tops Q2 EPS by 1c; offers guidance

Advanced Micro Devices, Inc. (NASDAQ: AMD) reported Q2 EPS of $0.69, $0.01 better than the analyst estimate of $0.68. Revenue for the quarter came in at $5.84 billion versus the consensus estimate of $5.72 billion.

GUIDANCE:

Advanced Micro Devices, Inc. sees Q3 2024 revenue of $6.7... More

AMD (AMD) August weekly option IV elevated into quarter results

AMD (AMD) August weekly call option implied volatility is at 125, August is at 68; compared to its 52-week range of 34 to 58 into expected release of quarter results after the bell on July 30. Call put ratio 2.4 calls to 1 put.

Fed meeting, Microsoft earns, BP dividend - what's moving markets

Investing.com -- The Federal Reserve starts its latest policy-setting meeting, while investors look forward to more corporate earnings, particularly from the important tech sector. BP has already impressed with its second-quarter numbers. 

The Federal Reserve starts its July policy meeting later in the session, and after a benign June inflation report, investors after looking for the policymakers to lay the groundwork for a September rate cut.

AMD (AMD) Ccall put ratio 2.3 calls to 1 put into quarter results

AMD (NASDAQ: AMD) August 2 weekly 140 straddle priced for a move of 9.0% into expected release of quarter results today after the bell. Call put ratio 2.3 calls to 1 put.

AMD (AMD) PT Lowered to $180 at Barclays

Barclays analyst Blayne Curtis lowered the price target on AMD (NASDAQ: AMD) to $180.00 (from $235.00) while maintaining a Overweight rating.... More

AMD (AMD) call put ratio 2 calls to 1 put into quarter results

AMD (NASDAQ: AMD) August weekly call option implied volatility is at 104, August is at 66; compared to its 52-week range of 34 to 58 into expected release of quarter results after the bell on July 30. Call put ratio 2 calls to 1 put.

Arm stock downgraded at HSBC amid less bullish AI PC narrative, Android challenges

HSBC on Monday downgraded ARM Holdings (NASDAQ: ARM) shares to a Hold rating, pointing to a potential slowdown in the Android smartphone market and less optimistic expectations for the AI sector.

Despite ARM's significant year-to-date stock price increase of 116%, HSBC expressed concern over the company's short-term earnings, particularly ahead of its first-quarter 2025 results due on July 31.

ARM's current price-to-earnings (P/E) ratio for fiscal year 2026... More

AMD stock has 'over-corrected': Barclays

Barclays analysts assert that AMD (NASDAQ: AMD) stock has "over-corrected" following recent performance dips. Despite broader market fluctuations and investor selectivity towards AI and cyclical names, Barclays sees potential value in AMDs current stock levels.

AMD's performance gains for the year have reversed as investors shift focus. However, expectations for AMDs MI300, a pivotal AI product, are pegged at $5 billion for the year,... More