Jefferies initiated coverage of Advanced Micro with a rating of Buy and set a new price target of $190.00 from $200.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 4/18/2024 | $185.00 → $200.00 | Buy | TD Cowen |
Advanced Micro Devices, Inc (NASDAQ:AMD) has postponed the launch of its highly anticipated Zen 5 processors, including the 16-core, 32-thread Ryzen 9 9950X, which it claims to be “the world’s most powerful desktop consumer processor.” The company discovered that some initial production units still needed to undergo the full range of quality checks, the Verge reports. The new launch dates are August 8 for the Ryzen 7 9700X and Ryzen 5 9600X and August 15 for the Ryzen 9 9950X and Ryzen 9 9900X. The new lineup includes the Ryzen 9 9950X, Ryzen 9 9900X, Ryzen 7 9700X, and Ryzen 5 9600X. Regarding recent issues faced by Intel Corp (NASDAQ:INTC) with its 13th and 14th Gen desktop pro
Semiconductor stock Advanced Micro Devices (NASDAQ:AMD) was among the technology stocks that fell Wednesday on the heels of earnings reports from Tesla Inc (NASDAQ:TSLA) and Alphabet being dissected by investors. What Happened: AMD stock is now down year-to-date after Wednesday's decline. The drop comes as there was some optimism across social media from photos shared by company CEO Lisa Su. Su shared pictures of an event with Tesla that she attended. "Great spending time with the Tesla team talking about AI, leadership and more! Proud to partner with such an amazing team! Thanks for the invite!" Su tweeted. Benzinga reached out to Tesla and AMD for more commentary on the meeting
This was a fascinating week featuring political shifts, increased market volatility, and a week-long drop in the stock prices of the mega-cap tech leaders that have been supporting the equity market indexes the past couple of years. This week, we’re focused on higher retail sales and wondering if anything will slow the consumer. Higher jobless claims make people think the Fed is almost 100% certain to cut rates by September. China is trying to keep its banks from imploding. Treasury Secretary, Yellen, is shortening the duration of the government bond market leading to larger auctions with less comparative demand. (Don’t worry – we’ll explain.) Finally, I address some critics who insist that
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
SANTA CLARA, Calif., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Today, AMD (NASDAQ:AMD) announced the following events for the financial community: Forrest Norrod, executive vice president and general manager, Data Center Solutions Business Unit, will attend the UBS Annual Technology Conference on Tuesday, Dec. 3, 2024, at 12:15 PM MST.Jean Hu, executive vice president, chief financial officer and treasurer, will attend the Barclays Global TMT Conference on Thursday, Dec. 12, 2024, at 11:00 AM PST. A webcast of the presentations can be accessed on AMD's Investor Relations website ir.amd.com. About AMD For more than 50 years AMD has driven innovation in high-performance computing, graphics and vi
─ El Capitan, powered by the AMD Instinct MI300A APU, becomes the second AMD supercomputer to surpass the Exascale barrier, placing #1 on the Top500 list — ─ AMD continues setting the standard for HPC, powering 50 percent of the top ten fastest and 40 percent of the ten most energy efficient supercomputers in the world— ─ IBM and AMD announce collaboration to deploy AMD Instinct MI300X accelerators as a service on IBM Cloud ─ SANTA CLARA, Calif., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Today, AMD (NASDAQ:AMD) showcased its ongoing high performance computing (HPC) leadership at Supercomputing 2024 by powering the world's fastest supercomputer for the sixth straight Top500 list. The El Capitan
SANTA CLARA, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced the AMD Versal™ Premium Series Gen 2, an adaptive SoC platform designed to deliver the highest levels of system acceleration for a wide range of workloads. Versal Premium Series Gen 2 will be the FPGA industry's first devices featuring Compute Express Link (CXL®) 3.1 and PCIe® Gen6 as well as LPDDR5X memory support in hard IP.1 These next-generation interface and memory technologies access and move data rapidly and efficiently between processors and accelerators. CXL 3.1 and LPDDR5X help unlock more memory resources faster to address the growing real-time processing and storage demands of data-intensiv
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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
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
TD Cowen reiterated coverage of Advanced Micro with a rating of Buy and set a new price target of $210.00
8-K - ADVANCED MICRO DEVICES INC (0000002488) (Filer)
10-Q - ADVANCED MICRO DEVICES INC (0000002488) (Filer)
8-K - ADVANCED MICRO DEVICES INC (0000002488) (Filer)