Advanced Micro Devices downgraded by BofA Securities with a new price target
$AMD
Semiconductors
Technology
BofA Securities downgraded Advanced Micro Devices from Buy to Neutral and set a new price target of $155.00 from $180.00 previously
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/9/2024 | $180.00 → $155.00 | Buy → Neutral | BofA Securities |
| 10/30/2024 | $210.00 → $185.00 | Buy | TD Cowen |
| 8/20/2024 | Buy | Edward Jones | |
| 8/19/2024 | $210.00 | Buy | TD Cowen |
| 7/15/2024 | $200.00 → $210.00 | Buy | TD Cowen |
| 6/10/2024 | $176.00 | Overweight → Equal-Weight | Morgan Stanley |
| 5/13/2024 | $200.00 → $190.00 | Buy | Jefferies |
| 5/7/2024 | $190.00 | Hold → Buy | DZ Bank |
SANTA CLARA, Calif., Dec. 10, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced the expansion of the AMD Versal™ adaptive system-on-chip (SoC) portfolio with the introduction of the Versal RF Series that includes the industry's highest compute performance in a single-chip device with integrated direct radio frequency (RF)-sampling data converters.1 Versal RF Series offers precise, wideband-spectrum observability and up to 80 TOPS of digital signal processing (DSP) performance2 in a size, weight, and power (SWaP)-optimized design, targeting RF systems and test equipment applications in the aerospace and defense (A&D) and test and measurement (T&M) markets, respectively. Building o
SANTA CLARA, Calif., Dec. 09, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced that Tim Keating has joined the company as senior vice president, Government Relations and Regulatory Affairs, effective today. "Tim is a strong addition to lead our government relations team," said Ava Hahn, AMD senior vice president, general counsel and corporate secretary. "As high-performance and AI chips play an increasingly larger role in our daily lives over the coming years, Tim's extensive public policy expertise and deep understanding of regulatory landscapes will play a critical role expanding our engagements with key stakeholders." Keating has decades of experience, including more than 14
SANTA CLARA, Calif., Dec. 03, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced that it will be hosting a press conference as a part of the official CES 2025 Media Days. The press conference will take place on Monday, Jan. 6 at 11 a.m. PST at the Mandalay Bay. AMD senior vice president and general manager of the Computing and Graphics Group Jack Huynh, along with other AMD executives will be joined by partners and customers to discuss how AMD is expanding its leadership across PCs and gaming, and highlight the breadth of the company's high-performance computing and AI product portfolio. The keynote will be available to livestream on the AMD YouTube Channel, with replay availa
Leading tech companies to collaborate on architectural interoperability and simplify software development across the ecosystem; luminaries Linus Torvalds and Tim Sweeney join founding members Broadcom, Dell, Google, Hewlett Packard Enterprise, HP Inc., Lenovo, Meta, Microsoft, Oracle, and Red Hat. Intel Corp. (INTC) and AMD (NASDAQ:AMD) today announced the creation of an x86 ecosystem advisory group bringing together technology leaders to shape the future of the world's most widely used computing architecture. x86 is uniquely positioned to meet customers' emerging needs by delivering superior performance and seamless interoperability across hardware and software platforms. The group will f
SANTA CLARA, Calif., Sept. 03, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced that Keith Strier has joined the company as senior vice president of global AI markets. Strier has more than 30 years of experience in strategic business and market development, technical engineering and enabling responsible AI deployments. He most recently served as vice president of worldwide AI initiatives at NVIDIA, with responsibility for expanding commercial engagements with foreign governments. At AMD, he will be responsible for expanding the company's AI vision, driving new ecosystem capabilities and accelerating strategic AI engagements globally across public and private sectors. He reports to
— Acer, Asus, Dell, HP, Lenovo and Razer laptops powered by AMD Ryzen™ 8040 Series mobile processors to deliver advanced computing for work, play, and AI-enabled experiences — — Ryzen™ AI 1.0 Software available to make it easier to deploy models on Ryzen AI PCs — SANTA CLARA, Calif., Dec. 06, 2023 (GLOBE NEWSWIRE) -- Today, AMD (NASDAQ:AMD) announced the new AMD Ryzen™ 8040 Series mobile processors, extending its leadership mobile offerings with best-in-class x86 processor performance.1 With the integrated Ryzen AI NPU on-die on select models, AMD is bringing even more state-of-the-art AI PCs to market,1 with up to 1.6x more AI processing performance than prior AMD models,2 to de
SC 13G/A - ADVANCED MICRO DEVICES INC (0000002488) (Subject)
SC 13G/A - ADVANCED MICRO DEVICES INC (0000002488) (Subject)
SC 13G/A - ADVANCED MICRO DEVICES INC (0000002488) (Subject)
BofA Securities downgraded Advanced Micro Devices from Buy to Neutral and set a new price target of $155.00 from $180.00 previously
TD Cowen reiterated coverage of Advanced Micro Devices with a rating of Buy and set a new price target of $185.00 from $210.00 previously
Edward Jones initiated coverage of Advanced Micro with a rating of Buy
8-K - ADVANCED MICRO DEVICES INC (0000002488) (Filer)
10-Q - ADVANCED MICRO DEVICES INC (0000002488) (Filer)
8-K - ADVANCED MICRO DEVICES INC (0000002488) (Filer)
4 - ADVANCED MICRO DEVICES INC (0000002488) (Issuer)
4 - ADVANCED MICRO DEVICES INC (0000002488) (Issuer)
3 - ADVANCED MICRO DEVICES INC (0000002488) (Issuer)
SANTA CLARA, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the third quarter of 2024 of $6.8 billion, gross margin of 50%, operating income of $724 million, net income of $771 million and diluted earnings per share of $0.47. On a non-GAAP(*) basis, gross margin was 54%, operating income was $1.7 billion, net income was $1.5 billion and diluted earnings per share was $0.92. "We delivered strong third quarter financial results with record revenue led by higher sales of EPYC and Instinct data center products and robust demand for our Ryzen PC processors," said AMD Chair and CEO Dr. Lisa Su. "Looking forward, we see significant growth opportunities a
SANTA CLARA, Oct. 16, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) announced today that it will report fiscal third quarter 2024 financial results on Tuesday, Oct. 29, 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-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technol
— Strategic acquisition to provide AMD with industry-leading systems expertise to accelerate deployment of optimized rack-scale solutions addressing $400 billion data center AI accelerator opportunity in 2027 — ZT Systems, a leading provider of AI and general purpose compute infrastructure for the world's largest hyperscale providers, brings extensive AI systems expertise that complements AMD silicon and software capabilities Addition of world-class design and customer enablement teams to accelerate deployment of AMD AI rack scale systems with cloud and enterprise customers AMD to seek strategic partner to acquire ZT Systems' industry-leading manufacturing business Transaction expected to