Investors are rotating out of tech this morning, particularly the semiconductor sector, after reports that the Biden administration will tighten trade restrictions on the chip industry due to China concerns. In addition to Nvidia (NVDA), Micron Technology Inc (NASDAQ:MU) and Advanced Micro Devices, Inc. (NASDAQ:AMD) are also feeling the burn today.MU is down 3.8% to trade at $122.62 at last glance, after yesterday breaching support at the $130 region amid overhead pressure from the 20-day moving average. Sh ...

Over the last couple of months, there have been a few wobbles here and there in Nvidia (NASDAQ:NVDA) stock’s trading stability. Part of this could be a result of institutional investors taking profits or insiders making gains on their positions, but ultimately it underlines the reality that at any given time the speculation around Nvidia stock could change in the opposite direction.That’s because much of the company’s value has been derived from investor excitement, institutional investment and an overall b ...

JHVEPhoto I called out to cash out Advanced Micro Devices' (NASDAQ:AMD) stock in my previous article published in February 2024, expressing concerns about the over-optimism regarding the company's growth potential and high stock valuation. Since the publication, its stock price has only increased by 1.5%, significantly underperforming the S&P 500 index, which returned 14.8%. I think the market sentiments have now cooled down and the acquisition of Silo AI is quite positive for AMD's growth strategy. I upgra ...

Robust reduction in anti-VEGF injection treatment burden through Week 24 achieved in 30 patients at planned Phase 3 dose (3E10 vg/eye) with 89% reduction in annualized injection rate; 93% of patients received 0 or 1 injection and 77% were injection-freeImprovement in mean best corrected visual acuity (BCVA) from baseline through Week 24 achieved at 3E10 vg/eye dose (+4.2 letters); dose response in favor of 3E10 vg/eye dose demonstrated (+5.7 letters vs low dose)3E10 vg/eye dose demonstrated sustained and gr ...

Advanced Micro Devices (NASDAQ:AMD) stock has been heating up for July. The top rival of Nvidia (NASDAQ:NVDA) recently announced its intent to acquire Silo AI in an all-cash deal worth around $665 million. The deal beefs up AMD’s enterprise AI business and may help renew enthusiasm for the name after trailing NVDA stock in recent quarters.Whether such a deal and a new lineup of AI chips can help AMD outpace NVDA for the rest of the year remains to be seen. Either way, AMD has impressive catalysts and has pr ...

SANTA CLARA, Calif., July 16, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) announced today that it will report fiscal second quarter 2024 financial results on Tuesday, July 30, 2024, after the close of market. Management will conduct a conference call to discuss these results at 5:00 p.m. EDT / 2:00 p.m. PDT. Interested parties are invited to listen to the webcast of the conference call via the AMD Investor Relations website ir.amd.com. About AMD For more than 50 years AMD has driven innovation in high-perfor ...

The stock of Advanced Micro Devices (NASDAQ:AMD) is breaking out ahead of the company’s upcoming earnings, making now a great time for investors to take a position. After trading sideways for most of the spring, AMD stock has gained 14% in the last month, including a 4% increase in the past week. The company’s shares are now trading at their highest level since April 1 as analysts raise their price targets and ratings heading into AMD’s second-quarter print that’s scheduled for August 6. With the stock stil ...

Advanced Micro Devices (AMD) closed at $179.82 in the latest trading session, marking a -0.99% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.28%. On the other hand, the Dow registered a gain of 0.53%, and the technology-centric Nasdaq increased by 0.4%.Shares of the chipmaker have appreciated by 13.77% over the course of the past month, outperforming the Computer and Technology sector's gain of 4.22% and the S&P 500's gain of 3.78%.The investment community will b ...

Advanced Micro Devices TodayAMDAdvanced Micro Devices$181.42 -0.19 (-0.10%) 52-Week Range$93.11▼$227.30P/E Ratio266.80Price Target$191.00Add to WatchlistFabless semiconductor developer Advanced Micro Devices Inc. NASDAQ: AMD stock had been largely unresponsive during the artificial intelligence (AI) boom as its shares peaked at $227.30 on March 8, 2024. On the other hand, rival NVIDIA Co. NASDAQ: NVDA has taken all the spotlight, hitting all-time highs and rocketing 36%. The market made its verdict, casting ...

Largely thanks to their pivotal role in the artificial intelligence (AI) boom, semiconductor companies have been some of the best performers in the stock market in 2024. Though it had not matched the success of its biggest competitor and the dominant blue-chip chipmaker – Nvidia (NASDAQ: NVDA) – Advanced Micro Devices (NASDAQ: AMD) has not been an exception to the trend and is up 32.30% since January 2. Additionally, the company has been performing particularly well in the last 30 days, having risen more th ...