Advanced Micro Devices, Inc., often known as AMD, is a global American semiconductor corporation with its headquarters in Santa Clara, California. AMD manufactures computer processors and related technologies for both the business and consumer sectors.
The company was founded in 1969 by Jerry Sanders and a handful of other technology professionals. Most of the first AMD products were computer memory chips and other components. Later, the company grew into the microprocessor market, where it faced off against Intel, its major rival.
AMD’s leading products for usage in servers, workstations, personal computers, and embedded systems include microprocessors, motherboard chipsets, embedded processors, graphics processors, and FPGAs. The company has also made clear that it plans to expand into new markets including high-performance computing, the data center, and gaming sectors.
Prices:
The current market capitalization of Advanced Micro Devices’ tokenized stock, FTX, is $ 0 USD, with a live price of $ 70.90 per (AMD/USD). USD $ 0 in 24-hour trading volume. The real-time pricing of AMD to USD is updated. With a circulating supply of 0, Advanced Micro Devices’ tokenized stock FTX has had a 24 hour loss of 0%.
An American semiconductor business called Advanced Micro Devices Inc. (NASDAQ: AMD) has a market value of over $186.51 billion. The corporation reported a net loss of $139,000,000 in the first quarter of 2023. The company’s announced earnings per share (EPS) were $0.60 whereas the estimate was $0.56.
Additionally, its reported revenue of $5.35 billion slightly exceeded the $5.30 billion projection of revenue. The forecasted earnings per share (EPS) for the forthcoming Q2 2023 reports is $0.58, and $5.33 billion in revenue is predicted to be generated.
Advanced Micro Devices Inc. generated $23.60 billion in revenue in 2022, the majority of which—nearly $6.80 billion—came from gaming, the industry’s current top performer. Notably, the U.S. contributed the most to the sales total, giving Advanced Micro Devices Inc. $8.05 billion last year.
Highlights
- Trading at 7.9% under our prediction for the upcoming 5 days
- Value increased by 42.5% in the previous year.
- 30 days ago, there were 17 green days, or 57%.
Risk Evaluation
- Current feelings are indifferent.
- The Fear & Greed Index shows fear.
Analysis
On July 3, 2023, Monday, AMD stock finished at $115.82 with a price increase of 1.68%, according to Tradingview, a web-based social network for traders. AMD stock began trading on Monday at $115.16, with a top of $116.73 and a low of $114.51.
It must be noticed that the stock has started this week very bullish. Meanwhile, a healthy trading volume is also evident, which could further drive its price upward.
AMD stock price decreases slightly as its pre-market price stays at $114.37, as can be seen in the price chart above. However, given bulls already demonstrated their dominance in the previous trading session, there won’t be much price movement in the following session. The stock price barely surpassed its 20-day moving average during trading. The stock price may approach $118.00 if the bullish trend in the stock continues.
The RSI of AMD stock frequently went upwards last month, demonstrating investors’ upbeat attitude. However, as the month came to a finish, the stock price declined as bears demonstrated their potential power.
Notably, AMD stock price showed a fall in its pre-market price for its forthcoming trading session, indicating bears’ activity in the present pre-market session. The stock may decline if they demonstrate their supremacy throughout today’s trading session, July 5, 2023. Bulls, on the other hand, will work to maintain the stock price.
AMD stock has received a “Buy” consensus rating from 30 investment analysts. This indicates that experts predict this stock will perform better than the market during the coming year.
Prediction
The current price of AMD stock as of 2023 July 10, Monday is 113.170$, and according to our data, the asset’s price has been rising over the past year (or since it started).
Since the price of Advanced Micro Devices stock has been trending upward, we assume that over the specified time period, related market categories were very well-liked.
Our website employs a special Deep Learning-based algorithm that assists consumers in determining if AMD would make a decent addition to their portfolio. These forecasts consider a number of factors, including volume changes, price changes, market cycles, and comparable stocks.
Our prediction method projects the stock’s future price to be 194.95463160605$ (72.267%) after a year.
Stock Forecast for Advanced Micro Devices in 2025
Assuming that Advanced Micro Devices shares would increase at the same average annual rate as they did over the previous ten years, the Advanced Micro Devices stock forecast for 2025 is currently $ 291.49. The price of AMD stock would grow by 157.62% as a result.
Stock Prediction for Advanced Micro Devices in 2030
If Advanced Micro Devices keeps growing at its current 10-year average rate, its stock price will reach $3,104.96 in 2030. The Advanced Micro Devices stock will increase 2,644.11% from its current price if this 2030 forecast comes true.
Conclusion
The average 12-month stock price projection for AMD stock is $123.07, which indicates a gain of 8.75%, according to 30 stock analysts. The lowest and highest targets are $60 and $200 respectively. The majority of analysts recommend buying AMD stock.
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