Miscellaneous Tech News

AMD Stocks Gain Momentum – With Huge Launches Planned for 2020

With so many positive headlines lately … it’s full steam ahead for AMD, not even Covid-19 stand a chance in stopping them. Why? just look at the upcoming products that are lined-up for this year … new 4th Gen Ryzen, new RDNA2 graphics card, not to mention the upcoming Xbox Series X and Playstation 5 will use AMD chips. Buy AMD stock now!

Taken from Yahoo Finance … In the latest trading session, Advanced Micro Devices (AMD) closed at $54.99, marking a +0.11% move from the previous day. This change outpaced the S&P 500’s 2.2% loss on the day. Meanwhile, the Dow lost 1.86%, and the Nasdaq, a tech-heavy index, lost 1.44%.

Heading into today, shares of the chipmaker had gained 31.16% over the past month, outpacing the Computer and Technology sector’s gain of 6.16% and the S&P 500’s gain of 5.45% in that time.

Investors will be hoping for strength from AMD as it approaches its next earnings release. On that day, AMD is projected to report earnings of $0.18 per share, which would represent year-over-year growth of 200%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.78 billion, up 39.87% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.07 per share and revenue of $8.58 billion. These totals would mark changes of +67.19% and +27.53%, respectively, from last year.

Source: Yahoo Finance

 

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