Advanced Micro Devices (AMD) closed at $101.22 in the latest trading session, marking a -0.63% move from the prior day. This move was narrower than the S&P 500's daily loss of 0.75%. Meanwhile, the Dow lost 0.54%, and the Nasdaq, a tech-heavy index, added 0.24%.
Heading into today, shares of the chipmaker had gained 11.77% over the past month, outpacing the Computer and Technology sector's loss of 1.47% and the S&P 500's gain of 0.32% in that time.
Wall Street will be looking for positivity from Advanced Micro Devices as it approaches its next earnings report date. The company is expected to report EPS of $1.02, up 61.9% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $6.52 billion, up 69.29% from the year-ago period.
AMD will rally further and so will NVIDIA, but the undervalued stock is still AMD. And this is the time to acquire..=)
Comments
Good