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Tag: NASDAQ:AMD

  • AMD stock is rising in the current trading session; here’s why

    Shares of Advanced Micro Devices Inc. (NASDAQ: AMD) were up 4.30% at $81.93 in the current trading as of this writing. AMD stock closed the last session at $78.55. AMD stock price was fluctuating between $77.935 and $80.13. The number of shares exchanged was 12.06 million, less than the company’s 50-day daily volume of 40.46 million and lower than its Year to date volume of 43.63 million. In the past 12 months, the AMD stock has advanced 43.00%, and in the last one week, the stock has moved down -4.44%. For the last six months, the stock has lost a total of -6.81%, and over the last three months, the stock has decreased by -17.62%. The stock has returned -14.35% so far this year. Additionally, the stock is trading at a price-to-earnings ratio of 38.49.

    About AMD stock

    Advanced Micro Devices is a global semiconductor company. The company works on two ends of tech spectrum – Graphics and Computers. Both segments revolve around enterprise, embedded and Semi-custom. The product offerings include x86 microprocessors, integrated graphics, chipsets, discrete graphics processing unit, data center and professional GPUs. AMD stock also has development services like embedded and server processors, SoC products and tech for gaming setups and platforms. The brand names for its microprocessors, embedded processor solutions and discrete GPUs are AMD Ryzen, AMD Ryzen PRO, Threadripper, AMD A-series, AMD Athlon, AMD Athlon PRO, AMD Athlon PRO A-series, AMD EPYC, AMD Opteron, AMD Geode, AMD R-series, AMD G-series, AMD Radeon, AMD Radeon PRO and AMD FirePro.

    Boom in the Ryzen 5000 sale performance

    AMD’s Central Processing Unit market has seen boom in the month of March.  According to latest Steam Hardware Survey, AMD had chalked up 28.97% of the market control. The first three months of 2021 have been good for AMD as this market share increased specifically 0.46 percentage points increased in March.

    Aggressively rivaling the Chipzilla

    Due to the global chip shortages, AMD’s market growth was handicapped in last three months of 2020; especially with Intel chipping away up to 75% market share of CPUs in December. However the sales-profit of chipzilla were lower relatively in the market as Intel had reduced the prices of its processors to increase its shipping. AMD has seized the opportunity and shipped 1 million units of Ryzen 5000 processors in the last two months of 2020 according to Mercury Research. Furthermore, the supply of Ryzen 5000 is expected to be amped up in the second quarter of 2021 by 20%, as sourced by supply chain related people familiar with the matter.

    Intel has more market share but Ryzen performance is better

    The reviews about AMD processors made by demand side third party has come up to be better in performance than its Intel counterparts thus AMD sales are likely to see a positive response for Ryzen 5000. Furthermore, AMD has also dethroned Intel as CPU crown due to Ryzen 5000 series processor’s superior tech built. This is beneficial for AMD stock since it plans to aggressively target the PC processor market and seems to be gaining tailwind as the year progresses.

  • Advanced Micro Devices (NASDAQ:AMD) Announces Acquisition Of Xilinx

    Advanced Micro Devices (NASDAQ:AMD) Announces Acquisition Of Xilinx

    Advanced Micro Devices, Inc. (NASDAQ:AMD) announced today the plan to acquire chip peer Xilinx, Inc (NASDAQ: XLNX). AMD signed a $35 billion acquisition agreement with Xilinx in an all-stock transaction. This acquisition will make a high-performance computing company and AMD will be able to expand its product portfolio. AMD and Xilinx, Inc. both deal in complementary product portfolios and customers.

    The transaction is anticipated to increase AMD margins, EPS, and free cash flow production immediately and lead to industry-leading growth. Advanced Micro Devices is involved in the production of high-performance processor technologies, combining CPUs, GPUs, FPGAs, Adaptive SoCs, and deep software expertise to enable leadership computing platforms for cloud, edge, and end devices.

    As per the agreement, the shareholders of Xilinx will get a fixed exchange ratio of 1.7234 shares of AMD common stock for each share of Xilinx common stock they are owing at the closing of the transaction. Based on the exchange ratio, this represents approximately $143 per share of Xilinx common stock. AMD is anticipating to gain operational efficiencies of approximately $300 million within 18 months of closing the transaction.

    AMD has also announced the 2020 Third quarter financial results. AMD has reported a revenue of $2.80 billion, and a net income of $390 million. Semiconductors company recorded an operating income of $449 million and diluted earnings per share of $0.32. Its Gross Margin increased 44% and revenue was up 56% year-over-year.

    Advanced Micro Devices, Inc. (NASDAQ: AMD) shares were trading up 0.33% at $82.33 during the trading session of Monday. Its shares trading down -4.23% during the pre-market trading session of Tuesday. AMD market cap has remained high, hitting $93.55 billion at the time of writing.  While the Shares of Xilinx (NASDAQ: XLNX)  up 10.00% during the pre-market trading session of Tuesday. It has a total market capitalization of $27.08 billion.

    AMD strives to become the high-performance computing leader and aimed to become the partner of choice for the largest technology companies in the world. This acquisition will create value for shareholders of both the semiconductors companies. The team of Xilinx is considered to be the strongest team in the industry.

     

  • Top Performers Markets Awaits News from Congress and the Federal Reserve

    Top Performers Markets Awaits News from Congress and the Federal Reserve

    The markets are in uncertain territory this morning as they await direction on the stimulus package from Congress and monetary policy direction from the Fed. On the bailout issue, the markets will be looking for a hint on a compromise between Democrats and Republicans.

    One key event that is heavily watched is a hearing between the CEOs of major tech companies and the House Judiciary Committee.  As for the  Federal Reserve, the market is looking forward to Jerome Powell’s press conference that will happen in the early afternoon at 2:30 p.m. Eastern Time. The market is likely to remain undecided until these two events happen. Nonetheless, there are stocks that are already in the green in pre-market trading. Some of the biggest gainers are as below:

    L-Brands Inc [NYSE:LB]

    L-Brands is one of the top gainers in pre-market trading and is up 18.14%. This follows the company’s announcement that it was cutting costs to the tune of $400 million. The company stated that it was spinning off the struggling Victoria’s Secret business from the well-performing Bath & Body Works business. The company added that it would cut costs through a plan aimed at increasing the profits of Victoria’s Secret. The company also aims to achieve this by decentralizing and better streamlining corporate functions. From its plans, the company expects to cut about $175 million in 2020.  The company CEO added that they had made massive progress on this front in Q2.

    FireEye Inc [NASDAQ:FEYE]

    This is another top performer pre-market and is up 14%.  This came after the company released better than expected Q2 results. The company announced that revenue in Q2 stood at $230 million representing an increase of $15 million compared to the guidance it had offered earlier.

    The company added that it had a year-over-year increase of 30% driven by its cloud services and managed services. The CEO stated that they were happy to record the 9th quarter of growing revenues in the company’s subscription services. The CEO also added that Q2 was the 3rd quarter that the company had recorded services revenue growth by over $50 million. The company also added that its intelligence threats business grew by 27%.

    Advanced Micro-Devices Inc [NASDAQ:AMD]

    Advanced Micro-Devices is gaining pre-market and is up by 11% at the time of writing. This comes after the company released Q2 results that beat analyst expectations. The company has reported that in Q2, revenues grew by 26% hit $1.93 billion compared to a year earlier. The company has attributed its growth to strong demand for chips by PC makers and data centers. As the news filters into the market, this stock could be a top performer in the day.