There's Too Much Exuberance In AMD's Share Price [Seeking Alpha]
Advanced Micro Devices, Inc. (AMD)
Last advanced micro devices, inc. earnings: 4/28 04:25 pm
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US:NYSE Investor Relations:
ir.amd.com/investor-overview
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Source: Seeking Alpha
AMD's performance has been strong in recent months. Advanced Micro Devices, Inc. NASDAQ: AMD ) has doubled since lows hit late October 2023. The company has a market capitalization of more than $300 billion as it strives to be more competitive with Nvidia ( NVDA ), working to build its own competitive GPUs. Despite being dramatically smaller, as we'll see throughout this article, even with the market position, the company is heavily overvalued. We last recommended against investing in AMD in a prior November article. However, we failed to foresee the exuberance artificial intelligence ("AI") stocks would see going into 2024. Still, we see AMD as clearly overvalued. AMD Market Positioning AMD has worked to improve its market positioning, supported by its recent acquisition of Xilinx and strong datacenter demand. The company also maintains its gaming GPU business and CPU business direct to consumers. The company's data center portfolio is among its strongest, and the company
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AMD
News
- Advanced Micro Devices, Inc. (NASDAQ: AMD) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Should You Buy Advanced Micro Devices (AMD) Ahead of Q1 Earnings? [Yahoo! Finance]Yahoo! Finance
- Unlocking Q1 Potential of Advanced Micro (AMD): Exploring Wall Street Estimates for Key Metrics [Yahoo! Finance]Yahoo! Finance
- 12 Best Growth Stocks to Buy and Hold in 2024 [Yahoo! Finance]Yahoo! Finance
- 4 Semiconductor Stocks Likely to Beat Earnings Estimates [Yahoo! Finance]Yahoo! Finance
AMD
Earnings
- 1/30/24 - Beat
AMD
Sec Filings
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- 4/15/24 - Form 144
- AMD's page on the SEC website