Latest news with #MicroDevices
Yahoo
5 days ago
- Business
- Yahoo
AMD's AI Growth Story Gains Steam—Barclays Sees Room for More Upside
Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Top AI Stocks Taking Wall Street by Storm. On August 6, Barclays analyst Tom O'Malley raised the price target on the stock to $200.00 (from $130.00) while maintaining an 'Overweight' rating. O'Malley's continued optimism toward AMD is driven by strong artificial intelligence trends in AMD's data center business and continued market share expansion in its client segment. AMD's MI-series chips are moving toward approximately $2.3 billion in run rate as it nears the end of the current year. This, the firm believes, is creating a clear path to more than $10 billion in revenue in calendar year 2026. This excludes future contributions in China. A financial analyst poring over market data, projecting the company's futur investments. Overall, the firm is bullish on AMD as it is positioned for multiple avenues of growth heading into 2026. 'Client is also showing leverage with ASPs up 42% Y/Y in June and expectations for continued share gains. The company acknowledged Client pull-ins in their prior guide for a flat 2H but is revising expectations for growth in Q3 and a flat Q4 off a higher base. There are multiple ways to win with this name into '26 as Client and DC both hit their stride.' Advanced Micro Devices, Inc. (NASDAQ:AMD) develops and sells semiconductors, processors, and GPUs for data centers, gaming, AI, and embedded applications. While we acknowledge the potential of AMD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Sign in to access your portfolio
Yahoo
05-08-2025
- Business
- Yahoo
Advanced Micro Devices' GPU Price Increase Signals Confidence Against Competition, Zacks Says
Advanced Micro Devices (AMD) recently raised the price of its MI350 Series AI graphics processing un Sign in to access your portfolio
Yahoo
17-06-2025
- Business
- Yahoo
Watch These AMD Price Levels as Stock Hits 5-Month High Following Last Week's AI Showcase
AMD shares continued gaining ground Tuesday, boosted by upbeat Wall Street commentary following the chipmaker's "Advancing AI" event last week. The stock broke out from a pennant pattern earlier this month and closed above the closely watched 200-day moving average in Monday's trading session. Investors should watch crucial overhead areas on AMD's chart around $145, $160 and $175, while also monitoring support levels near $115 and $ Micro Devices (AMD) shares continued gaining ground Tuesday, boosted by upbeat Wall Street commentary following the chipmaker's "Advancing AI" event last week. Piper Sandler on Monday raised its price target for the stock and expressed enthusiasm for AMD's recently unveiled Helios server rack architecture, which will combine the company's next-generation AMD MI400 chips into one larger system. The investment bank pointed out that the hardware, anticipated for release in 2026, is "pivotal" for the growth of AMD Instinct GPUs. Meanwhile, analysts at Bank of America speculate that the chipmaker could announce Amazon (AMZN) as a partner after the tech giant's cloud unit, Amazon Web Services (AWS), was a key sponsor of last week's event. AMD shares rose 0.6% to around $127 on Tuesday, after surging nearly 8% yesterday to pace S&P 500 advancers. The stock is up 66% from its early-April low, though has gained just 5% since the start of 2025 amid uncertainty over chip export curbs and the company's ability to capture a greater share of the lucrative AI chip market that's now dominated by Nvidia (NVDA). Below, we break down the technicals on AMD's chart and point out crucial price levels worth watching out for. After hitting their May high, AMD shares formed a pennant, a chart pattern that signals a continuation of the stock's uptrend that started in early April. Indeed, the stock broke out from the pattern earlier this month and staged a volume-backed close above the closely watched 200-day moving average in Monday's trading session. Moreover, the relative strength index indicates bullish momentum, generating a reading just below the indicator's overbought threshold. Let's identify three crucial overhead areas on AMD's chart to watch and also point out support levels worth monitoring. Follow-through buying could trigger an initial rally toward $145. This area may provide overhead selling pressure near several peaks and troughs that formed on the chart between April and December last year. A decisive close above this crucial area may see the shares test resistance around $160. Investors could seek to lock in profits in this location near a trendline that connects a range of corresponding trading activity that developed on the chart from April to October last year. The next overhead area to watch sits at $175. The shares may run into sellers in this region near prominent peaks that emerged in May and October last year. During retracements in the stock, it's firstly worth monitoring the $115 level. The stock could encounter support near last week's retest of the pennant pattern's breakout point, which also closely aligns with a range of price action stretching back to mid-January. Finally, selling below this level opens the door for a drop to lower support around $108. Investors could seek to accumulate AMD shares in this location near the low of the pennant pattern and early-February low. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info. As of the date this article was written, the author does not own any of the above securities. Read the original article on Investopedia
Yahoo
10-06-2025
- Business
- Yahoo
Watch These AMD Price Levels as Stock Jumps to Highest Level Since January
Advanced Micro Devices shares closed at their highest level since January on Monday, lifted by optimism that trade discussions between the U.S. and China could lead to reduced export curbs. After breaking out from a descending broadening formation last month, AMD shares have traded mostly sideways just below the closely watched 200-day moving average. Investors should monitor major overhead areas on AMD's chart around $123, $145 and $175, while also watching a key support level near $ Micro Devices (AMD) shares will likely remain in focus after hitting their highest level since January on Monday, lifted by optimism that trade discussions between the U.S. and China could lead to reduced export curbs. Chipmakers rallied after White House National Economic Council Director Kevin Hassett said on CNBC early Monday that officials from Washington and Beijing intended to discuss the release of rare earth minerals to the U.S. and the expansion of Chinese access to American-made semiconductors during talks between the two countries taking place in London this week. In April, AMD cautioned its results would be affected by charges of roughly $800 million related to tightening restrictions on sales of its chips to China, while rival AI behemoth (NVDIA) warned it would take a potential $5.5 billion charge related to limits on exports of its H20 chip. AMD shares gained nearly 5% on Monday to close at around $122. The stock has risen nearly 60% from its early April-low, putting it back to where it started 2025, as investors assess whether the company can make further inroads into the booming AI chip market. Investors will learn more about AMD's plans for artificial intelligence at the company's "Advancing AI" event on Thursday, which features a keynote address from CEO Lisa Su. Below, we take a closer look at AMD's chart and use technical analysis to identify major price levels that investors will likely be monitoring. After breaking out from a descending broadening formation last month, AMD shares have traded mostly sideways just below the closely watched 200-day moving average (MA). More recently, the stock's price has nudged toward the May high, a move that has coincided with the relative strength index indicating strengthening price momentum. It's also worth pointing out that the shares registered their highest trading volume in nearly a month on Monday, indicating growing interest in the chipmaker's stock. Let's identify three major overhead areas on AMD's chart to monitor if the shares continue to trend higher and also locate a key support level worth watching during possible retracements. The first overhead area to monitor sits around $123. This area may provide resistance near the May swing high, which also closely aligns with last year's prominent early-August sell-off swing low. A decisive close above the 200-day MA could spark a rally toward $145. The shares may run into selling pressure in this location near a trendline that connects a range of corresponding trading activity on the chart between April and December last year. Further buying could see the stock's price test higher overhead resistance around $175. Investors who have accumulated shares at lower levels may decide to lock in profits in this region near notable peaks that developed on the chart in May and October 2024. During retracements in the stock, investors should keep a close eye on the $108 level. This area on the chart would likely attract buying interest near last month's pullback low and the stock's early-February trough. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info. As of the date this article was written, the author does not own any of the above securities. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Watch These AMD Stock Price Levels as 6-Session Winning Streak Snapped
Advanced Micro Devices shares fell Thursday after gaining ground for six consecutive days amid optimism about recently announced AI deals and share buyback plans. Momentum had accelerated in recent trading sessions after the stock broke out above the 50-day moving average and a descending channel, though the relative strength index flashed overbought conditions. Investors should watch crucial support levels on AMD's chart around $110 and $96, while also monitoring important resistance levels near $132 and $ Micro Devices (AMD) shares fell Thursday after gaining ground for six consecutive days amid optimism about recently announced AI deals and share buyback plans. The chip designer's stock rallied to it highest level since early February on Wednesday after the company approved an additional $6 billion to its share repurchase plan, upping its buyback program to $10 billion. The buyback news came on the heels of the chipmaker and AI favorite Nvidia (NVDA) announcing Tuesday they would supply semiconductors to Saudi Arabian AI startup Humain as part of initiatives announced as President Donald Trump kicked off a four-day trip to the Middle East. AMD shares fell about 2% to just under $115 on Thursday. The stock is up 50% from its early-April low and has gained 17% since May 6, when the company posted better-than-expected earnings and an upbeat outlook driven by AI momentum. Below, we take a closer look at the technicals on AMD's chart and identify crucial price levels worth watching out for. Since a bear trap marked the bottom in AMD shares last month, the price has broken out above the 50-day moving average and a descending channel, with gains accelerating in recent trading sessions. However, while the relative strength index (RSI) confirms bullish price momentum with a reading above the 70 threshold, it also flashes overbought conditions, potentially leading to a period of-near-term consolidation. Let's identify crucial support and resistance levels on AMD's chart that investors will likely be watching. A pullback in the shares could initially bring the $110 level into play. The shares may find support in this area on the chart near the October 2023 swing high, which also closely corresponds with a range of trading activity between February and May this year. Further downside could see the shares revisit lower support around $96. Investors may seek buying opportunities in this location near a horizontal line that connects three prominent troughs on the chart stretching back to the September 2023 low. A continuation of stock's recent bullish momentum could propel a move northward toward $132, This area, currently just above the closely watched 200-day moving average, may provide overhead selling pressure near last August's notable swing low and January's countertrend high. Finally, buying above this level opens the door for a rally up to the important $150 region. Investors who have accumulated AMD shares at lower prices may decide to lock in profits in this location near a trendline that links multiple peaks and troughs on the chart from December 2023 to November last year. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info. As of the date this article was written, the author does not own any of the above securities. Read the original article on Investopedia
