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..=)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Good
upup
Good