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598739.0

2023-12-16 23:55:00 UTC

3 Overvalued Stocks That Could Plunge if the Market Crashes

CMSD

https://www.nasdaq.com/articles/3-overvalued-stocks-that-could-plunge-if-the-market-crashes

The stock market was due for a rebound in 2023. The inflation crisis that started in 2021 led to a disastrous 2022, where the S&P 500 (SNPINDEX: ^GSPC) market index fell by 19.4%. And 2023 has delivered a powerful recovery. The S&P 500 is up more than 23% year-to-date, lifted by a stabilizing economy and the raging artificial intelligence (AI) mania. I saw 2022 as a buying opportunity, where lots of high-quality stocks were available at paltry share prices. The tide has turned, and Wall Street is no stranger to overvalued stocks today. Let me show you a couple of stock tickers teetering on the edge of a meteoric plunge. Mind you, they could continue to rise in 2024 and beyond if everything works out as planned. It would be silly to sell any of these skyrocketing market darlings short, and I'm not saying that you need to zero out your holdings. But it's a long way down from these lofty heights, and even a small misstep or accident could result in dramatic haircuts at the drop of a hat. So please be careful with IonQ (NYSE: IONQ), Nvidia (NASDAQ: NVDA), and Marathon Digital Holdings (NASDAQ: MARA). These stocks have gained 235% or more in 2023 and trade at astronomical valuation ratios. Hold them if you like, buy more if you must, but be prepared for gigantic potholes in the road to long-term gains. The next sharp turn could very well be painful. Here's why I think you're better off waiting for a price correction before slapping that "buy" button. MARA data by YCharts What are these companies doing right? The skyrocketing stocks under my microscope are up for good reasons. Nvidia emerged as an early leader in the high-powered microchips required to create and run modern AI systems such as OpenAI's ChatGPT. IonQ has started to monetize its research in quantum computing, potentially paving the way to tremendous revenue streams as the technology matures. And Marathon's all-in bet on Bitcoin (CRYPTO: BTC) may have looked misguided in the recent crypto winter, but the rising cryptocurrency market is making Marathon look smart again. So I'm looking at three high-quality business operations with serious long-term growth plans. Their recent gains are no flukes. What could go wrong? However, optimistic investors may have boosted their favorite stocks too far, too fast. These stocks are priced for absolute perfection, and anything less may have disastrous consequences for their share prices. Yes, Nvidia is the hardware provider of choice for prospective AI experts in 2023. But it is far from the only game in town. Intel (NASDAQ: INTC) and Advanced Micro Devices (NASDAQ: AMD) have cooked up their own ultra-powerful AI accelerators, and I can't guarantee that Nvidia will win every big-ticket contract. If nothing else, the presence of several reasonable alternatives could drive down the mind-boggling price tags across the AI processing market. The current champ, Nvidia's H100 GPU, costs up to $40,000 per chip and the just-released H200 will probably command even higher prices -- unless the competitive situation changes things. Meanwhile, Nvidia's business is booming but the stock has soared even faster. As a result, Nvidia shares trade at 27 times sales and 70 times free cash flows today. That's more than double the average ratios in the last "normal" market, the five years before the pandemic. IonQ promises to disrupt the very concept of high-performance computing. Its quantum processors are not very powerful so far, as its most advanced system comes with only 32 so-called qubits of processing power. Recent research suggests that doubling the qubits may result in systems outperforming digital computers for some highly specialized tasks, but quantum computing also requires error correction and the classical computing world isn't standing still. So it's unclear exactly how long it might take before IonQ and others can replace regular state-of-the-art computers with their alternative technology. Until then, IonQ's business amounts to experimentation and speculation. With $6.1 million of revenue in the recently reported third quarter, the company faced $48 million in operating costs. The slightest of stumbles could bring the IonQ enterprise to its knees. And Marathon loves the refreshed cryptocurrency market, as Bitcoin has posted a 156% price gain year-to-date. The Bitcoin mining expert spent $179 million this week on two fully operational mining sites. Marathon generated 1,187 Bitcoin tokens in November but sold 700 in order to run the business. That's fine as long as Bitcoin prices continue to rise, but what if it doesn't work out that way? The next halvening is coming up in the spring of 2014, requiring twice as much work from Bitcoin miners to produce a new token. This event is expected to boost Bitcoin prices significantly, but nothing is guaranteed. The economics of minting more Bitcoin will break down if the higher production difficulty isn't matched by a similar price increase. Walking down Wall Street on eggshells Again, I'm not saying that disaster is about to strike these three companies. Nvidia could keep its AI acceleration throne, Bitcoin could (and arguably should) post a robust price gain due to the halvening, and IonQ's quantum computers may turn out to be the perfect tool for some mass-market computing need. The stock prices eventually match the underlying economic reality, but thanks to soaring financial results rather than lower share prices. That's one possible outcome. Like I said, I don't recommend selling any of these stocks short today. Just be careful out there, because the potential downsides are also real. In my view, the best way forward is to leave these stocks alone for now, perhaps pocketing some of this year's market-stomping gains if you caught that rocket ride on the way up, and wait for more reasonable stock prices. That could mean buying on the dips or looking out for stronger financial results. Either way, the time isn't right to double down on Nvidia, IonQ, and Marathon today. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Anders Bylund has positions in Bitcoin, Intel, and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices, Bitcoin, and Nvidia. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Nvidia emerged as an early leader in the high-powered microchips required to create and run modern AI systems such as OpenAI's ChatGPT. IonQ has started to monetize its research in quantum computing, potentially paving the way to tremendous revenue streams as the technology matures. The current champ, Nvidia's H100 GPU, costs up to $40,000 per chip and the just-released H200 will probably command even higher prices -- unless the competitive situation changes things.

So please be careful with IonQ (NYSE: IONQ), Nvidia (NASDAQ: NVDA), and Marathon Digital Holdings (NASDAQ: MARA). The Motley Fool has positions in and recommends Advanced Micro Devices, Bitcoin, and Nvidia. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel.

Nvidia could keep its AI acceleration throne, Bitcoin could (and arguably should) post a robust price gain due to the halvening, and IonQ's quantum computers may turn out to be the perfect tool for some mass-market computing need. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Anders Bylund has positions in Bitcoin, Intel, and Nvidia.

So please be careful with IonQ (NYSE: IONQ), Nvidia (NASDAQ: NVDA), and Marathon Digital Holdings (NASDAQ: MARA). Nvidia could keep its AI acceleration throne, Bitcoin could (and arguably should) post a robust price gain due to the halvening, and IonQ's quantum computers may turn out to be the perfect tool for some mass-market computing need. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them.

40901.0

2023-12-16 23:56:00 UTC

Tuesday Sector Leaders: Services, Materials

ACGLO

https://www.nasdaq.com/articles/tuesday-sector-leaders%3A-services-materials

Looking at the sectors faring best as of midday Tuesday, shares of Services companies are outperforming other sectors, higher by 1.0%. Within that group, Caesars Entertainment Inc (Symbol: CZR) and Walgreens Boots Alliance Inc (Symbol: WBA) are two large stocks leading the way, showing a gain of 3.6% and 3.1%, respectively. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is up 0.7% on the day, and up 35.57% year-to-date. Caesars Entertainment Inc, meanwhile, is up 15.88% year-to-date, and Walgreens Boots Alliance Inc, is down 25.56% year-to-date. CZR makes up approximately 0.2% of the underlying holdings of IYC. The next best performing sector is the Materials sector, higher by 1.0%. Among large Materials stocks, Mosaic Co (Symbol: MOS) and FMC Corp. (Symbol: FMC) are the most notable, showing a gain of 2.9% and 2.8%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 1.0% in midday trading, and up 12.46% on a year-to-date basis. Mosaic Co, meanwhile, is down 8.26% year-to-date, and FMC Corp., is down 50.13% year-to-date. Combined, MOS and FMC make up approximately 1.9% of the underlying holdings of XLB. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. As you can see, nine sectors are up on the day, while none of the sectors are down. SECTOR % CHANGE Services +1.0% Materials +1.0% Healthcare +0.9% Financial +0.9% Energy +0.7% Consumer Products +0.6% Industrial +0.6% Technology & Communications +0.5% Utilities +0.4% 25 Dividend Giants Widely Held By ETFs » Also see: • Future Dividend Aristocrats • OTT Insider Buying • DRAY YTD Return The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Combined, MOS and FMC make up approximately 1.9% of the underlying holdings of XLB. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. Services +1.0% Materials +1.0% Healthcare +0.9% Financial +0.9% Energy +0.7% Consumer Products +0.6% Industrial +0.6% Technology & Communications +0.5% Utilities +0.4% 25 Dividend Giants Widely Held By ETFs » Also see: • Future Dividend Aristocrats • OTT Insider Buying • DRAY YTD Return The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Within that group, Caesars Entertainment Inc (Symbol: CZR) and Walgreens Boots Alliance Inc (Symbol: WBA) are two large stocks leading the way, showing a gain of 3.6% and 3.1%, respectively. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is up 0.7% on the day, and up 35.57% year-to-date. Among large Materials stocks, Mosaic Co (Symbol: MOS) and FMC Corp. (Symbol: FMC) are the most notable, showing a gain of 2.9% and 2.8%, respectively.

Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is up 0.7% on the day, and up 35.57% year-to-date. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 1.0% in midday trading, and up 12.46% on a year-to-date basis. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday.

Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is up 0.7% on the day, and up 35.57% year-to-date. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 1.0% in midday trading, and up 12.46% on a year-to-date basis. Mosaic Co, meanwhile, is down 8.26% year-to-date, and FMC Corp., is down 50.13% year-to-date.

414752.0

2023-12-16 23:56:00 UTC

US STOCKS-Wall Street ends lower; abrupt sell-off snaps multi-day rally

BRLIU

https://www.nasdaq.com/articles/us-stocks-wall-street-ends-lower-abrupt-sell-off-snaps-multi-day-rally

By Stephen Culp NEW YORK, Dec 20 (Reuters) - U.S. stocks closed lower on Wednesday after an abrupt mid-afternoon sell-off snapped Wall Street's rally which had been driven by falling interest rates and the Federal Reserve's dovish turn. All three major U.S. stock indexes began to veer lower around 2:30 p.m. EST, having showing little conviction in either direction for much of the session. Stocks were "near all time highs, they hit resistance," Jay Hatfield, portfolio manager at InfraCap in New York, noting the downturn was "surprisingly vociferous, things went from hot to cold real fast." "It’s surprising how aggressive the sell-off is, but it makes sense considering how far we’ve come," Hatfield added. During the session, the S&P 500 got within 0.5% of its all-time closing high. Reaching a new closing high would have confirmed the benchmark index had been in a bull market since closing at the bear market floor in October 2022. The index is now more than 1.5% below its record closing high. "We've had this aggressive rally in December and investor sentiment is high, it went from bearish to bullish in almost record time," said Thomas Martin, Senior Portfolio Manager at GLOBALT in Atlanta. "So the markets are asking 'now what?'" At the conclusion of its policy meeting last Wednesday, the Federal Open Market Committee signaled that it had reached the end of its tightening cycle and opened the door to rate cuts in the coming year. Chicago Fed President Austan Goolsbee late Tuesday reiterated that the rate at which inflation cools to the Fed's annual 2% target will drive policy on rate reduction. At last glance, financial markets were pricing in a 71.1% likelihood of that first cut arriving as soon as March, according to CME's FedWatch tool. On the economic front, bigger than expected jump in U.S. consumer confidence and a surprise increase in existing home sales helped turn the major indexes green. The Commerce Department is expected to wrap up the week with its third and final take on third-quarter GDP on Thursday, to be followed on Friday by its wide-ranging Personal Consumption Expenditures (PCE) report, which will cover income growth, consumer spending and, crucially, inflation. Unofficially, the Dow Jones Industrial Average .DJI fell 475.03 points, or 1.26%, to 37,082.89, the S&P 500 .SPX lost 69.99 points, or 1.47%, to 4,698.38 and the Nasdaq Composite .IXIC dropped 225.28 points, or 1.5%, to 14,777.94. Among the 11 major sectors in the S&P 500 communication services .SPLRCL was the lone gainer, while consumer staples .SPLRCS suffered the steepest percentage decline after packaged food company General MillsGIS.N cut its sales forecast. FedEx FDX.N slid after the package deliver missed quarterly profit estimates and cut its full-year revenue forecast. FedEx rival United Parcel Service UPS.N lost ground as well. Alphabet gained ground after the company announced it was restructuring Google's ad sales unit. Management consulting firm Aon AON.Ntumbled following its announcement that it would buy privately held insurance broker NFP in a $13.4 billion deal. Are we there yet? https://tmsnrt.rs/3RQBoee (Reporting by Stephen Culp; Additional reporting by Johann M Cherian and Shristi Achar A in Bengaluru; Editing by David Gregorio) ((stephen.culp@thomsonreuters.com; 646-223-6076;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

By Stephen Culp NEW YORK, Dec 20 (Reuters) - U.S. stocks closed lower on Wednesday after an abrupt mid-afternoon sell-off snapped Wall Street's rally which had been driven by falling interest rates and the Federal Reserve's dovish turn. Stocks were "near all time highs, they hit resistance," Jay Hatfield, portfolio manager at InfraCap in New York, noting the downturn was "surprisingly vociferous, things went from hot to cold real fast." The Commerce Department is expected to wrap up the week with its third and final take on third-quarter GDP on Thursday, to be followed on Friday by its wide-ranging Personal Consumption Expenditures (PCE) report, which will cover income growth, consumer spending and, crucially, inflation.

By Stephen Culp NEW YORK, Dec 20 (Reuters) - U.S. stocks closed lower on Wednesday after an abrupt mid-afternoon sell-off snapped Wall Street's rally which had been driven by falling interest rates and the Federal Reserve's dovish turn. At the conclusion of its policy meeting last Wednesday, the Federal Open Market Committee signaled that it had reached the end of its tightening cycle and opened the door to rate cuts in the coming year. FedEx rival United Parcel Service UPS.N lost ground as well.

By Stephen Culp NEW YORK, Dec 20 (Reuters) - U.S. stocks closed lower on Wednesday after an abrupt mid-afternoon sell-off snapped Wall Street's rally which had been driven by falling interest rates and the Federal Reserve's dovish turn. Reaching a new closing high would have confirmed the benchmark index had been in a bull market since closing at the bear market floor in October 2022. At the conclusion of its policy meeting last Wednesday, the Federal Open Market Committee signaled that it had reached the end of its tightening cycle and opened the door to rate cuts in the coming year.

During the session, the S&P 500 got within 0.5% of its all-time closing high. Reaching a new closing high would have confirmed the benchmark index had been in a bull market since closing at the bear market floor in October 2022. Among the 11 major sectors in the S&P 500 communication services .SPLRCL was the lone gainer, while consumer staples .SPLRCS suffered the steepest percentage decline after packaged food company General MillsGIS.N cut its sales forecast.

1692778.0

2023-12-16 23:56:00 UTC

What Stocks To Buy Today? 2 Tech Stocks In Focus

OXSQZ

https://www.nasdaq.com/articles/what-stocks-to-buy-today-2-tech-stocks-in-focus

The technology sector encompasses a broad range of companies focused on the development, production, and distribution of technology-based goods and services. This sector includes industries like software, hardware, electronics, and internet services. It’s a dynamic and fast-evolving sector, often leading the way in innovation and influencing various aspects of daily life and business operations. Tech companies range from startups to well-established giants, each contributing uniquely to technological advancements. Investing in tech stocks can offer substantial advantages. The sector is known for its high growth potential, as technology becomes increasingly integral to both consumer and business markets. Tech stocks often lead in market rallies and can provide significant returns. However, there are also inherent disadvantages. The tech sector is highly competitive and subject to rapid changes in consumer preferences and technological advancements. This can lead to volatility and unpredictability in stock prices. For investors, the tech sector requires a keen understanding of market trends and technological innovations. While tech stocks can be lucrative, they also demand careful analysis and a long-term perspective. Investors should also be aware of regulatory changes and global economic factors that can impact the tech market. Taking this into consideration, here are two blue-chip tech stocks to watch in the stock market now. Tech Stocks To Invest In [Or Avoid] Right Now Netflix Inc. (NASDAQ: NFLX) Amazon.com, Inc. (NASDAQ: AMZN) Netflix (NFLX Stock) First up, Netflix Inc. (NFLX) is a leading global entertainment service company, primarily known for its streaming services that offer a wide array of television series, documentaries, and feature films across various genres and languages. Netflix has grown into a dominant player in the streaming content industry, producing and distributing content both produced in-house and by other content creators. Earlier this month, Netflix announced plans to release its financial results for the fourth quarter of 2023. The report, including the company’s business outlook, will be posted on Netflix’s investor relations website on January 23, 2024, around 1:00 p.m. Pacific Time. Year-to-date, shares of Netflix stock have advanced by 65.89% so far. Meanwhile, during Tuesday morning’s trading action, NFLX stock is trading slightly higher on the day by 0.60% at $489.05 a share. [Read More] 3 Airline Stocks To Watch In Mid-December 2023 Amazon (AMZN Stock) Next, Amazon.com, Inc. (AMZN) is a multinational technology company primarily recognized for its e-commerce platform, which has reshaped the global retail industry. Amazon has expanded its business scope to include cloud computing services (AWS), digital streaming, artificial intelligence, and more. Back in October, Amazon announced better-than-expected third-quarter 2023 financial results. In detail, Amazon notched in Q3 2023 earnings of $0.85 per share, along with revenue of $143.08 billion. This is versus Wall Street’s consensus estimates for the quarter which was earnings of $0.58 per share on revenue estimates of $141.47 billion. Additionally, revenue advanced by 12.57% compared to the same period, the previous year. In 2023 so far, shares of Amazon stock have jumped by 78.93%. With that, on Tuesday morning, AMZN stock is trading modestly lower on the day thus far by 0.34%, at $153.54 a share. If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel. CLICK HERE RIGHT NOW!! The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The technology sector encompasses a broad range of companies focused on the development, production, and distribution of technology-based goods and services. The report, including the company’s business outlook, will be posted on Netflix’s investor relations website on January 23, 2024, around 1:00 p.m. Pacific Time. Amazon has expanded its business scope to include cloud computing services (AWS), digital streaming, artificial intelligence, and more.

Tech Stocks To Invest In [Or Avoid] Right Now Netflix Inc. (NASDAQ: NFLX) Amazon.com, Inc. (NASDAQ: AMZN) Netflix (NFLX Stock) First up, Netflix Inc. (NFLX) is a leading global entertainment service company, primarily known for its streaming services that offer a wide array of television series, documentaries, and feature films across various genres and languages. Netflix has grown into a dominant player in the streaming content industry, producing and distributing content both produced in-house and by other content creators. [Read More] 3 Airline Stocks To Watch In Mid-December 2023 Amazon (AMZN Stock) Next, Amazon.com, Inc. (AMZN) is a multinational technology company primarily recognized for its e-commerce platform, which has reshaped the global retail industry.

Taking this into consideration, here are two blue-chip tech stocks to watch in the stock market now. Tech Stocks To Invest In [Or Avoid] Right Now Netflix Inc. (NASDAQ: NFLX) Amazon.com, Inc. (NASDAQ: AMZN) Netflix (NFLX Stock) First up, Netflix Inc. (NFLX) is a leading global entertainment service company, primarily known for its streaming services that offer a wide array of television series, documentaries, and feature films across various genres and languages. [Read More] 3 Airline Stocks To Watch In Mid-December 2023 Amazon (AMZN Stock) Next, Amazon.com, Inc. (AMZN) is a multinational technology company primarily recognized for its e-commerce platform, which has reshaped the global retail industry.

For investors, the tech sector requires a keen understanding of market trends and technological innovations. Year-to-date, shares of Netflix stock have advanced by 65.89% so far. In 2023 so far, shares of Amazon stock have jumped by 78.93%.

170355.0

2023-12-17 00:00:00 UTC

EXCLUSIVE-Chinese firms look to Malaysia for assembly of high-end chips, sources say

AMD

https://www.nasdaq.com/articles/exclusive-chinese-firms-look-to-malaysia-for-assembly-of-high-end-chips-sources-say

By Fanny Potkin and Yantoultra Ngui SINGAPORE, Dec 18 (Reuters) - A growing number of Chinese semiconductor design companies are tapping Malaysian firms to assemble a portion of their high-end chips, keen to hedge risks in case the U.S. expands sanctions on China's chip industry, sources said. The companies are asking Malaysian chip packaging firms to assemble a type of chip known as graphics processing units (GPUs), according to three people with knowledge of the discussions. The requests only encompass assembly - which does not contravene any U.S. restrictions - and not fabrication of the chip wafers, they said. Some contracts have already been agreed, two of the people added. The people declined to disclose the names of the companies involved or to be identified, citing confidentiality agreements. Seeking to limit China's access to high-end GPUs that could fuel artificial intelligence breakthroughs or power supercomputers and military applications, Washington has increasingly placed restrictions on their sales as well as on sophisticated chip-making equipment. As those sanctions bite and an AI boom fuels demand, smaller Chinese semiconductor design firms are struggling to secure sufficient advanced packaging services at home, analysts have said. Some of the Chinese companies are interested in advanced chip packaging services, two people said. Advanced packaging of chips can significantly improve chip performance and is emerging as a critical technology in the semiconductor industry. This sometimes involves the construction of chiplets where chips are packaged tightly to work together as one powerful brain. Although not subject to U.S. export restrictions, it's an area that can require sophisticated technology which the firms worry might one day be targeted for curbs on exports to China, the two people added. Malaysia, a major hub in the semiconductor supply chain, is seen as well placed to grab further business as Chinese chip firms diversify outside of China for assembling needs. Unisem UNSM.KL, majority owned by China's Huatian Technology 002185.SZ, and other Malaysian chip packaging companies have seen increased business and inquiries from Chinese clients, said one source who was briefed on the matter. Unisem Chairman John Chia declined to comment on the company's clients but said: "Due to trade sanctions and supply chain issues, many Chinese chip design houses have come to Malaysia to establish additional sources of supply outside of China to support their business in and out of China." Chinese chip design firms also see Malaysia as a good option because the country is perceived as being on good terms with China, is affordable, with an experienced workforce and sophisticated equipment, two of the sources said. Asked whether accepting orders to assemble GPUs from Chinese firms could potentially provoke U.S. ire, Chia said Unisem's business dealings were "fully legitimate and compliant" and the company did not have the time to worry over "too many possibilities". He noted that most of Unisem's customers in Malaysia were from the United States. Other big chip packaging firms in the country include Malaysian Pacific Industries MPIM.KL and Inari Amertron INAR.KL. They did not respond to Reuters requests for comment. Chinese companies are also interested in having their chips assembled outside China as that could also make it easier to sell their products in non-Chinese markets, said one source, an investor in two Chinese chip startups. A MAJOR HUB Malaysia currently accounts for 13% of theglobal marketfor semiconductor packaging, assembly, and testing and is aiming to boost that to 15% by 2030. Chinese chip firms that have announced plans to expand in Malaysia include Xfusion, a former Huawei HWT.UL unit, which said in September it would partner with Malaysia's NationGate NATI.KL to manufacture GPU servers - servers designed for data centres and which are used in AI and high-performance computing. Shanghai-based StarFive is also building a design centre in Penang, and chip packaging and testing firm TongFu Microelectronics 002156.SZ said last year it would expand its Malaysia facility - a venture with U.S. chipmaker AMD AMD.O. Offering an array of incentives, Malaysia has attracted multi-billion dollar chip investments. Germany's Infineon IFXGn.DE said in August it would invest 5 billion euros ($5.4 billion) to expand its power chip plant there. U.S. chipmaker Intel INTC.O announced in 2021 that it would build a $7 billion advanced chip packaging plant in Malaysia. Chinese companies are not just choosing Malaysia. In 2021, JCET Group, the world’s third-largest chip assembly and testing company, completed an acquisition of an advanced testing facility in Singapore. Other countries such as Vietnam and India are also seeking to expand further into chip manufacturing services, hoping to lure clients keen to minimise U.S.-Sino geopolitical risks. ($1 = 0.9272 euros) (Reporting by Fanny Potkin and Yantoultra Ngui in Singapore; Additional reporting by Eduardo Baptista and Yelin Mo in Beijing and Alexandra Alper in Washington; Editing by Miyoung Kim and Edwina Gibbs) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Shanghai-based StarFive is also building a design centre in Penang, and chip packaging and testing firm TongFu Microelectronics 002156.SZ said last year it would expand its Malaysia facility - a venture with U.S. chipmaker AMD AMD.O. Seeking to limit China's access to high-end GPUs that could fuel artificial intelligence breakthroughs or power supercomputers and military applications, Washington has increasingly placed restrictions on their sales as well as on sophisticated chip-making equipment. As those sanctions bite and an AI boom fuels demand, smaller Chinese semiconductor design firms are struggling to secure sufficient advanced packaging services at home, analysts have said.

Shanghai-based StarFive is also building a design centre in Penang, and chip packaging and testing firm TongFu Microelectronics 002156.SZ said last year it would expand its Malaysia facility - a venture with U.S. chipmaker AMD AMD.O. Unisem UNSM.KL, majority owned by China's Huatian Technology 002185.SZ, and other Malaysian chip packaging companies have seen increased business and inquiries from Chinese clients, said one source who was briefed on the matter. Germany's Infineon IFXGn.DE said in August it would invest 5 billion euros ($5.4 billion) to expand its power chip plant there.

Shanghai-based StarFive is also building a design centre in Penang, and chip packaging and testing firm TongFu Microelectronics 002156.SZ said last year it would expand its Malaysia facility - a venture with U.S. chipmaker AMD AMD.O. By Fanny Potkin and Yantoultra Ngui SINGAPORE, Dec 18 (Reuters) - A growing number of Chinese semiconductor design companies are tapping Malaysian firms to assemble a portion of their high-end chips, keen to hedge risks in case the U.S. expands sanctions on China's chip industry, sources said. Unisem Chairman John Chia declined to comment on the company's clients but said: "Due to trade sanctions and supply chain issues, many Chinese chip design houses have come to Malaysia to establish additional sources of supply outside of China to support their business in and out of China."

Shanghai-based StarFive is also building a design centre in Penang, and chip packaging and testing firm TongFu Microelectronics 002156.SZ said last year it would expand its Malaysia facility - a venture with U.S. chipmaker AMD AMD.O. Some of the Chinese companies are interested in advanced chip packaging services, two people said. Unisem Chairman John Chia declined to comment on the company's clients but said: "Due to trade sanctions and supply chain issues, many Chinese chip design houses have come to Malaysia to establish additional sources of supply outside of China to support their business in and out of China."

170356.0

2023-12-17 00:00:00 UTC

Better Tech Stock: AMD vs. Microsoft

AMD

https://www.nasdaq.com/articles/better-tech-stock%3A-amd-vs.-microsoft

All eyes have been on tech stocks this year as advances in high-growth areas like artificial intelligence (AI) have made Wall Street particularly bullish. Despite macroeconomic headwinds last year, tech stocks have surged in 2023 and will likely continue trending up in the new year. Data by YCharts The tech market has a long history of delivering significant and consistent gains over the long term. The chart above illustrates this, with the Nasdaq-100 Technology Sector index rising far higher in the last five years than the S&P 500. As a result, it's not a bad idea to dedicate a portion of your portfolio to the lucrative sector. Advanced Micro Devices (NASDAQ: AMD) and Microsoft (NASDAQ: MSFT) are two compelling options. These companies are expanding quickly in AI and have solid positions in various other areas of tech. So, is AMD or Microsoft the better tech stock? Let's find out. AMD Chip stocks have soared alongside the boom in AI, with their hardware crucial for building and running AI models. Shares in AMD have risen about 115% year to date alongside the excitement. The company is gearing up to challenge Nvidia's estimated 90% market share in AI chips in 2024 with the launch of a new graphics processing unit (GPU), the MI300X. It won't be easy to overcome Nvidia's dominance, but of the many companies venturing into chip development, AMD probably has the best chance at thriving in the industry. AMD has held the second-largest market share in desktop GPUs for years, responsible for about 10% of the industry compared to Nvidia's 87%. Meanwhile, AMD has backing from Microsoft, which announced last month that its cloud platform Azure would become the first to begin using AMD's MI300X to expand its AI capabilities. In addition to AI, AMD has a lucrative position in video games. Its chips are popular among PC gamers who use AMD's hardware to build high-powered gaming computers. The company is also the exclusive supplier of chips to Sony's PlayStation 5 and Microsoft's Xbox Series X|S, some of the world's best-selling consoles. AMD is powering the tech market with its hardware and has a promising long-term outlook as demand for chips continues to rise. Microsoft As the world's second most valuable company with a market cap of $2.8 trillion, it's hard to go wrong with Microsoft. The company is a tech behemoth and a king of productivity with brands like Windows, Office, Azure, and LinkedIn. Millions of businesses rely on Microsoft's products, strengthening its prospects in high-growth industries like AI and cloud computing. In its fiscal first quarter of 2024 (ending September 2023), the company posted revenue growth of 13% year over year and beat analysts' expectations by nearly $2 billion. The stellar growth was mainly thanks to a 13% rise in its productivity and business processes segment and a 19% increase in cloud revenue. Like many tech companies, Microsoft has pivoted its business to AI this year. Heavy investments in the market have seen it achieve a 49% stake in ChatGPT developer OpenAI, granting it exclusive access to the start-up's most advanced technology. Microsoft has used OpenAI's models to bring AI upgrades across its various services, including an AI assistant to Microsoft 365, which it calls Copilot. The company is charging an additional $30 on top of the subscription price to add the new assistant as it moves to monetize its AI expansion. Microsoft's potent position in tech has given it the brand loyalty and vast financial resources to thrive long into the future. Is AMD or Microsoft the better tech stock? AMD and Microsoft have exciting prospects heading into 2024, with both likely to see big gains from AI and their positions in other markets. However, a company dominating a market doesn't necessarily mean it's trading at the right price. Data by YCharts The tables above compare AMD's and Microsoft's forward price-to-earnings and price-to-free-cash-flow ratios, two helpful valuation metrics. While Microsoft's figures don't scream "bargain," they are significantly lower than AMD's and suggest the Windows company's stock currently offers far more value. Moreover, Microsoft hit $63 billion in free cash flow this year compared to AMD's just over $1 billion. Microsoft is not only the cheaper stock, but the more reliable option, as it has the funds to overcome potential headwinds and continue investing in its business. Should you invest $1,000 in Advanced Micro Devices right now? Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Advanced Micro Devices wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Dani Cook has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Microsoft, and Nvidia. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Advanced Micro Devices (NASDAQ: AMD) and Microsoft (NASDAQ: MSFT) are two compelling options. So, is AMD or Microsoft the better tech stock? Shares in AMD have risen about 115% year to date alongside the excitement.

Advanced Micro Devices (NASDAQ: AMD) and Microsoft (NASDAQ: MSFT) are two compelling options. So, is AMD or Microsoft the better tech stock? Shares in AMD have risen about 115% year to date alongside the excitement.

So, is AMD or Microsoft the better tech stock? Is AMD or Microsoft the better tech stock? Advanced Micro Devices (NASDAQ: AMD) and Microsoft (NASDAQ: MSFT) are two compelling options.

So, is AMD or Microsoft the better tech stock? Is AMD or Microsoft the better tech stock? Advanced Micro Devices (NASDAQ: AMD) and Microsoft (NASDAQ: MSFT) are two compelling options.

170357.0

2023-12-17 00:00:00 UTC

Intel's AI PC Chips Are a Big Step Forward

AMD

https://www.nasdaq.com/articles/intels-ai-pc-chips-are-a-big-step-forward

Intel's (NASDAQ: INTC) Meteor Lake PC CPUs officially launched on Dec. 14, with some laptops built around the new chips already available. One of the big selling points Intel is touting is a built-in AI accelerator. In software that supports it, Meteor Lake chips can offload AI inference tasks to the accelerator, freeing up the CPU and GPU and delivering improved AI performance. Architecturally, Meteor Lake comes with some big changes. The new chips use the Intel 4 manufacturing process, the first from Intel to make use of extreme ultraviolet lithography. The chips also move to a tile-based design, with different parts manufactured using different technologies. Not only does Meteor Lake excel at AI tasks, but the new chips deliver significant improvements in power efficiency and graphics. Meteor Lake moves to an Intel Arc GPU, which is twice as performant and twice as efficient as the graphics in Intel's last-generation chips. An important step for Intel The PC market remains depressed after a pandemic-era buying spree gave way to a collapse in demand. Intel's Meteor Lake might be the most exciting thing to happen to the laptop market since Apple started making MacBooks using its custom CPUs. The new chips might be enough to trigger an upgrade cycle in 2024 and beyond. Meteor Lake's AI hardware delivers big gains in AI inference workloads. Compared to its last-generation chips, Intel claims that Meteor Lake delivers 1.7 times the performance in generative AI and is 2.5 times as power efficient in the UL Procyon AI inference benchmark. When Meteor Lake's AI hardware tackles the AI tasks involved when making a Zoom call, Intel claims a 38% reduction in power usage. How much consumers and businesses care about Meteor Lake's AI hardware depends on the software that supports it. Intel is aiming to boost the number of AI software partners from 39 today to 100 over the course of 2024. On top of the dedicated AI accelerator, the built-in GPU is capable of handling AI workloads as well. Intel claims in creative applications like those from Adobe, Meteor Lake can deliver anywhere from 1.2 times to 5.4 times the performance of a comparable AMD Ryzen CPU. Beyond performance improvements, Meteor Lake delivers meaningful power efficiency improvements which should help with battery life. One example Intel gave was playing video from Netflix. By leveraging low-power cores built into Meteor Lake's SoC tile, the new chips can play back video using 25% less power compared to Intel's last-gen chips. Compared to a Ryzen CPU, Intel is claiming that Meteor Lake is more efficient in a wide variety of scenarios. With both processors working within the same 28W power envelope, Meteor Lake is 7% more efficient in web browsing, 44% more efficient at playing back local 4K video, and a whopping 79% more efficient when the system is idle. These numbers come straight from Intel, so take them with a grain of salt. Third-party reviews of individual systems will give us a better idea of how these chips stack up. A big bet on AI Intel views AI as the future of the PC. Meteor Lake is the first step in that direction, and its successors will build on its improvements. The success of Intel's AI PC initiative will hinge on software support. Given Intel's leading share in the PC CPU market, it makes sense for software companies to jump on board. Notably, Intel demonstrated LLaMa2-7B, a smaller large language model capable of text generation, successfully running on a Meteor Lake system using the CPU, GPU, and AI hardware. This opens the door for AI assistants running locally, which should make for a snappier experience compared to calling out to a cloud service on each prompt. That could end up being the "killer app" for Intel's AI PCs. Meteor Lake is the beginning of Intel's push to bring AI to the PC. Next up is Arrow Lake, scheduled for some time in 2024. Arrow Lake will move to the Intel 20A manufacturing process, which should bring significant performance and efficiency gains. By then, the software ecosystem around Intel's AI hardware should be more mature, and the value proposition should be clearer. Should you invest $1,000 in Intel right now? Before you buy stock in Intel, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Intel wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Timothy Green has positions in Intel. The Motley Fool has positions in and recommends Adobe, Advanced Micro Devices, Apple, Netflix, and Zoom Video Communications. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2024 $420 calls on Adobe, long January 2025 $45 calls on Intel, short February 2024 $47 calls on Intel, and short January 2024 $430 calls on Adobe. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Intel claims in creative applications like those from Adobe, Meteor Lake can deliver anywhere from 1.2 times to 5.4 times the performance of a comparable AMD Ryzen CPU. Intel's Meteor Lake might be the most exciting thing to happen to the laptop market since Apple started making MacBooks using its custom CPUs. Notably, Intel demonstrated LLaMa2-7B, a smaller large language model capable of text generation, successfully running on a Meteor Lake system using the CPU, GPU, and AI hardware.

Intel claims in creative applications like those from Adobe, Meteor Lake can deliver anywhere from 1.2 times to 5.4 times the performance of a comparable AMD Ryzen CPU. Meteor Lake's AI hardware delivers big gains in AI inference workloads. Compared to its last-generation chips, Intel claims that Meteor Lake delivers 1.7 times the performance in generative AI and is 2.5 times as power efficient in the UL Procyon AI inference benchmark.

Intel claims in creative applications like those from Adobe, Meteor Lake can deliver anywhere from 1.2 times to 5.4 times the performance of a comparable AMD Ryzen CPU. Meteor Lake moves to an Intel Arc GPU, which is twice as performant and twice as efficient as the graphics in Intel's last-generation chips. Compared to its last-generation chips, Intel claims that Meteor Lake delivers 1.7 times the performance in generative AI and is 2.5 times as power efficient in the UL Procyon AI inference benchmark.

Intel claims in creative applications like those from Adobe, Meteor Lake can deliver anywhere from 1.2 times to 5.4 times the performance of a comparable AMD Ryzen CPU. In software that supports it, Meteor Lake chips can offload AI inference tasks to the accelerator, freeing up the CPU and GPU and delivering improved AI performance. Meteor Lake's AI hardware delivers big gains in AI inference workloads.

170358.0

2023-12-17 00:00:00 UTC

Guru Fundamental Report for AMD

AMD

https://www.nasdaq.com/articles/guru-fundamental-report-for-amd-58

Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum. ADVANCED MICRO DEVICES, INC. (AMD) is a large-cap growth stock in the Semiconductors industry. The rating using this strategy is 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. FUNDAMENTAL MOMENTUM: PASS TWELVE MINUS ONE MOMENTUM: PASS FINAL RANK: PASS Detailed Analysis of ADVANCED MICRO DEVICES, INC. AMD Guru Analysis AMD Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance. Additional Research Links Top NASDAQ 100 Stocks Top Technology Stocks Top Large-Cap Growth Stocks High Momentum Stocks High Insider Ownership Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). ADVANCED MICRO DEVICES, INC. (AMD) is a large-cap growth stock in the Semiconductors industry. Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.

Detailed Analysis of ADVANCED MICRO DEVICES, INC. AMD Guru Analysis AMD Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.

Detailed Analysis of ADVANCED MICRO DEVICES, INC. AMD Guru Analysis AMD Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.

Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). ADVANCED MICRO DEVICES, INC. (AMD) is a large-cap growth stock in the Semiconductors industry.

170343.0

2023-12-18 00:00:00 UTC

Nvidia and AMD's Artificial Intelligence (AI) Battle Is Heating Up

AMD

https://www.nasdaq.com/articles/nvidia-and-amds-artificial-intelligence-ai-battle-is-heating-up

In today's video, I discuss recent updates affecting Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of Dec. 15, 2023. The video was published on Dec. 18, 2023. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jose Najarro has positions in Advanced Micro Devices and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In today's video, I discuss recent updates affecting Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD). Check out the short video to learn more, consider subscribing, and click the special offer link below. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia.

In today's video, I discuss recent updates affecting Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD). Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jose Najarro has positions in Advanced Micro Devices and Nvidia.

In today's video, I discuss recent updates affecting Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD). Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jose Najarro has positions in Advanced Micro Devices and Nvidia.

In today's video, I discuss recent updates affecting Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD). The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jose Najarro has positions in Advanced Micro Devices and Nvidia.

170344.0

2023-12-18 00:00:00 UTC

AMD Is Not Backing Down, Even If It’s Against Nvidia

AMD

https://www.nasdaq.com/articles/amd-is-not-backing-down-even-if-its-against-nvidia

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Advanced Micro Devices (NASDAQ:AMD) has unveiled the “Ryzen 8040” microchips designed to enhance AI applications by 60%. Set for integration into laptops and PCs from Q1 2024; these chips are anticipated to drive revenue and stock performance for AMD stock. Additionally, AMD’s MI300X accelerator microchip, a competitor to Nvidia’s high-powered AI chips, is now available. Meta Platforms and Microsoft have already placed substantial orders for the MI300X chip for their AI models. These are only some of the great things coming for AMD. Below, let’s discuss some news and updates from AMD stock that you should look at when buying into this semiconductor stock. AMD and AccelerComm The AMD T2 Telco Accelerator Card, in collaboration with AccelerComm IP, offers a powerful and efficient platform for 5G O-DU deployments. The solution enhances LDPC forward error correction, optimizing O-RAN systems by offloading processing components and supporting more cell sites per system. AccelerComm and AMD collaborated closely to advance 5G systems within the Open RAN ecosystem. Will Brown, AccelerComm’s Director of Product Management, emphasized their joint commitment to efficient 5G networks. Mike Wissolik, AMD’s Director of Product Marketing, highlighted the benefits of AMD’s 4th-generation EPYC processors in enhancing Cloud RAN solutions on the T2 Telco Accelerator Card. MI300 Launch AMD’s MI300 chips, backed by Lenovo, Supermicro, and Oracle, present a formidable challenge to Nvidia’s AI computing dominance. The MI300X GPUs boast superior memory and AI inference capabilities over Nvidia’s H100, with AMD highlighting cost savings due to improved memory. AMD unveiled the Instinct MI300X, its most powerful accelerator for generative AI, challenging Nvidia’s dominance in the AI computing realm. The announcement was made during an event in San Jose, California. The MI300X, part of AMD’s Instinct data center GPU family, will be integrated into Dell Technologies, HPE, Lenovo, and Supermicro servers. The MI300A variant is set to feature in servers from HPE, Supermicro, Gigabyte, and Eviden (an Atos subsidiary), which will arrive next year. AMD released ROCm 6, positioning it as an open alternative to Nvidia’s CUDA platform. This update includes optimizations for large language models, enhanced libraries, and broader support for various frameworks, AI models, and machine learning pipelines. The introduction of AMD’s Instinct chips aligns with increased demand for AI GPU workloads, providing an alternative amid shortages of Nvidia’s powerful GPUs like the H100. Bottom line For many traders, the allure of AI proves irresistible. Investing in AMD stock, a company with diverse revenue streams beyond AI, offers a safer entry into this lucrative field. AMD’s CEO projects a $45 billion addressable market for its AI processors this year, up from an earlier estimate of $30 billion. AMD is poised for substantial growth with the U.S. AI market alone valued at $103.7 billion last year and projected to reach $594 billion by 2032. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post AMD Is Not Backing Down, Even If It’s Against Nvidia appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The introduction of AMD’s Instinct chips aligns with increased demand for AI GPU workloads, providing an alternative amid shortages of Nvidia’s powerful GPUs like the H100. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Advanced Micro Devices (NASDAQ:AMD) has unveiled the “Ryzen 8040” microchips designed to enhance AI applications by 60%. Set for integration into laptops and PCs from Q1 2024; these chips are anticipated to drive revenue and stock performance for AMD stock.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Advanced Micro Devices (NASDAQ:AMD) has unveiled the “Ryzen 8040” microchips designed to enhance AI applications by 60%. AMD and AccelerComm The AMD T2 Telco Accelerator Card, in collaboration with AccelerComm IP, offers a powerful and efficient platform for 5G O-DU deployments. Mike Wissolik, AMD’s Director of Product Marketing, highlighted the benefits of AMD’s 4th-generation EPYC processors in enhancing Cloud RAN solutions on the T2 Telco Accelerator Card.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Advanced Micro Devices (NASDAQ:AMD) has unveiled the “Ryzen 8040” microchips designed to enhance AI applications by 60%. AMD and AccelerComm The AMD T2 Telco Accelerator Card, in collaboration with AccelerComm IP, offers a powerful and efficient platform for 5G O-DU deployments. AMD unveiled the Instinct MI300X, its most powerful accelerator for generative AI, challenging Nvidia’s dominance in the AI computing realm.

AMD and AccelerComm The AMD T2 Telco Accelerator Card, in collaboration with AccelerComm IP, offers a powerful and efficient platform for 5G O-DU deployments. MI300 Launch AMD’s MI300 chips, backed by Lenovo, Supermicro, and Oracle, present a formidable challenge to Nvidia’s AI computing dominance. The MI300X, part of AMD’s Instinct data center GPU family, will be integrated into Dell Technologies, HPE, Lenovo, and Supermicro servers.

170345.0

2023-12-18 00:00:00 UTC

S&P 500 Analyst Moves: AMD

AMD

https://www.nasdaq.com/articles/sp-500-analyst-moves%3A-amd-1

The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Advanced Micro Devices is now the #50 analyst pick, moving up by 21 spots. This rank is formed by averaging the analyst opinions for each component from each broker, and then ranking the 500 components by those average opinion values. Looking at the stock price movement year to date, Advanced Micro Devices is showing a gain of 113.7%. VIDEO: S&P 500 Analyst Moves: AMD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

VIDEO: S&P 500 Analyst Moves: AMD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Advanced Micro Devices is now the #50 analyst pick, moving up by 21 spots. This rank is formed by averaging the analyst opinions for each component from each broker, and then ranking the 500 components by those average opinion values.

VIDEO: S&P 500 Analyst Moves: AMD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Advanced Micro Devices is now the #50 analyst pick, moving up by 21 spots. This rank is formed by averaging the analyst opinions for each component from each broker, and then ranking the 500 components by those average opinion values.

VIDEO: S&P 500 Analyst Moves: AMD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Advanced Micro Devices is now the #50 analyst pick, moving up by 21 spots. This rank is formed by averaging the analyst opinions for each component from each broker, and then ranking the 500 components by those average opinion values.

VIDEO: S&P 500 Analyst Moves: AMD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Advanced Micro Devices is now the #50 analyst pick, moving up by 21 spots. This rank is formed by averaging the analyst opinions for each component from each broker, and then ranking the 500 components by those average opinion values.

170346.0

2023-12-18 00:00:00 UTC

Will Intel Stock Dominate the Artificial Intelligence (AI) PC Market?

AMD

https://www.nasdaq.com/articles/will-intel-stock-dominate-the-artificial-intelligence-ai-pc-market

In today's video, I discuss recent updates affecting Intel (NASDAQ: INTC). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the market prices of Dec. 15, 2023. The video was published on Dec. 17, 2023. Should you invest $1,000 in Intel right now? Before you buy stock in Intel, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Intel wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jose Najarro has positions in Advanced Micro Devices. The Motley Fool has positions in and recommends Advanced Micro Devices. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In today's video, I discuss recent updates affecting Intel (NASDAQ: INTC). Check out the short video to learn more, consider subscribing, and click the special offer link below. If you choose to subscribe through their link they will earn some extra money that supports their channel.

Before you buy stock in Intel, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Intel wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jose Najarro has positions in Advanced Micro Devices. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel.

Before you buy stock in Intel, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Intel wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jose Najarro has positions in Advanced Micro Devices. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel.

The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jose Najarro has positions in Advanced Micro Devices. Their opinions remain their own and are unaffected by The Motley Fool.

170347.0

2023-12-18 00:00:00 UTC

Implied Volatility Surging for Advanced Micro Devices (AMD) Stock Options

AMD

https://www.nasdaq.com/articles/implied-volatility-surging-for-advanced-micro-devices-amd-stock-options-0

Investors in Advanced Micro Devices, Inc AMD need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 19, 2024 $75 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. What do the Analysts Think? Clearly, options traders are pricing in a big move for Advanced Micro Devices shares, but what is the fundamental picture for the company? Currently, Advanced Micro Devices is a Zacks Rank #3 (Hold) in the Electronics – Semiconductors industry that ranks in the Bottom 25% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while 13 analysts have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from 89 cents per share to 77 cents in that period. Given the way analysts feel about Advanced Micro Devices right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Looking to Trade Options? Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk. Click to see the trades now >> Zacks Naming Top 10 Stocks for 2024 Want to be tipped off early to our 10 top picks for the entirety of 2024? History suggests their performance could be sensational. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Investors in Advanced Micro Devices, Inc AMD need to pay close attention to the stock based on moves in the options market lately. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report To read this article on Zacks.com click here. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.

Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report To read this article on Zacks.com click here. Investors in Advanced Micro Devices, Inc AMD need to pay close attention to the stock based on moves in the options market lately. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.

Investors in Advanced Micro Devices, Inc AMD need to pay close attention to the stock based on moves in the options market lately. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report To read this article on Zacks.com click here. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.

Investors in Advanced Micro Devices, Inc AMD need to pay close attention to the stock based on moves in the options market lately. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report To read this article on Zacks.com click here. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.

170348.0

2023-12-18 00:00:00 UTC

4 Reasons I Think Super Micro Computer Should Be in Everyone's Portfolio

AMD

https://www.nasdaq.com/articles/4-reasons-i-think-super-micro-computer-should-be-in-everyones-portfolio

You may think that this year's outperformance from artificial intelligence stocks means they're due for a correction, or at least relative underperformance in 2024. But I think you would be wrong. With the introduction of OpenAI's ChatGPT chatbot just one year ago, we are still just at the beginning of the AI age. For long-term investors, getting in at the relatively early stages of powerful secular long-term trends at reasonable valuations can lead to astounding long-term returns. That's why Super Micro Computer (NASDAQ: SMCI) deserves a spot in everyone's portfolio, highlighted by these four underappreciated attributes. 1. Artificial Intelligence hardware expectations keep going higher Sure, artificial intelligence stocks have climbed a lot this year, but this appears to be based on actual revenue and earnings growth, with AI use cases expanding and becoming, "table stakes" for any company hoping to compete in the 2020s. Looking at one data point, look no further than the escalating predictions for AI chip growth from Advanced Micro Devices CEO Lisa Su. Su has an amazing track record as AMD's CEO, and is certainly one to be taken seriously by the investment community. Back in June, Su predicted the AI chip market would grow from $30 billion in 2023 to $150 billion by 2027. But at AMD's recent December AI event, she greatly upped her own outlook, to a $45 billion market in 2023 growing to a stunning $400 billion market by 2027. While some of that increase is due to non-server markets such as AI PCs, one can safely assume at least half of those chips will be in AI servers, which means Super Micro will have an awful lot of room to grow if it executes. Super Micro has underrated advantages Many investors regard server-makers as just "dumb box" assemblers of highly proprietary chips and networking technologies. But the higher demands of artificial intelligence mean more and more complex parts have to work together, requiring new innovations in server construction such as liquid cooling to dissipate heat from AI's intense computing demands. That plays into the strengths of Super Micro's business model. Super Micro began as a producer of motherboards back in the 90s, before moving onto chassis, backplanes, and other components, before moving to making entire servers and now entire server rack systems. Most recently, SMCI has developed proprietary liquid cooling systems that will be required of more servers going forward in the AI age. Basically, Super Micro started out similar to today's ODMs (original design manufacturer) which make parts and components used by other companies. ODM clients include large companies that construct their own servers (like cloud giants) or other OEMs (original equipment manufacturers) that incorporate third-party parts into their own branded servers. But Super Micro evolved from that model into its own vertically integrated system manufacturer, albeit with all its components designed and optimized in-house. That has enabled a "building block" architecture for its systems. The result is that Super Micro can customize unique models for various needs, rather than offering a limited number of standardized models, which is the model of most OEMs. And its use of entirely in-house components allows SMCI to have incredibly fast time-to-market. It's basically the best of both the ODM and OEM worlds. So in order to compete with SMCI, OEMs would have to change their current ways of doing business to manufacturing their own parts that they currently outsource. And ODMs specializing in one or more components would have to learn how to build entire end-to-end systems. So, it would be difficult for competitors to reconfigure their current models to compete. Image source: Getty Images. A reasonable valuation While many AI-related stocks have climbed a lot this year, Super Micro only trades at 25 times trailing earnings and 15.8 times 2024 earnings estimates, with the 2024 fiscal year ending in June. That's actually a below-market multiple based on 2024 estimates, which seems quite odd given current revenue growth estimates for Super Micro of 49% in 2024 followed by another 26% estimated growth in 2025. In contrast, rival Dell (NYSE: DELL) trades around 10 times forward earnings, but its revenue is expected to contract 13% in fiscal 2024 and only grow 4.7% in fiscal 2025 -- significantly lower than Super Micro. And Hewlett Packard Enterprise (NYSE: HPE) only trades around 8.6 times forward earnings, but its revenue is only forecast to grow 1.6% and 3.6% in each of the next two years. So while Super Micro is slightly more expensive than its two larger rivals, it's also forecast two grow five to 10 times faster. Moreover, both Dell and HPE have relatively high debt loads, whereas Super Micro has a net cash position. A highly motivated founder who's also a large owner Perhaps the most overlooked part of assessing a business is looking at inside ownership, as well as the criteria for management's compensation. Super Micro is fortunate to still be led by its visionary founder Charles Liang, who as of Super Micro's recent proxy report still owns 14.3% of the company. That's a large amount, but if that wasn't motivation enough, Super Micro's new 2023-2028 CEO compensation plan offers even more. Over that time, Liang will only earn $1 in salary and no cash bonuses. Instead, Liang will be eligible for options to purchase up to 500,000 shares across five performance-based benchmarks, with options for 100,000 shares awarded after hitting each tranche before 2029. What's so encouraging is that the two benchmarks encompass revenue growth and the share price, with revenue targets spanning between $13 billion and $21 billion, compared with last year's revenue of just $7.1 billion and this year's guidance for $10.5 billion. Meanwhile, share price targets range from $450 to a whopping $1,100 per share, in contrast with a roughly $273 share price today. As a final exclamation point, all of these options have a strike price of $450 per share, which means SMCI's stock has to clear this hurdle by 2029 for Liang to earn anything! All in all, given increased AI growth expectations, Super Micro's unique business model, and Liang's motivation to generate revenue growth and a much higher stock price, Super Micro belongs in everyone's portfolio today, in spite of its massive two-year outperformance. Should you invest $1,000 in Super Micro Computer right now? Before you buy stock in Super Micro Computer, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Super Micro Computer wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Billy Duberstein has positions in Super Micro Computer and has the following options: short January 2025 $110 puts on Super Micro Computer, short January 2025 $125 puts on Super Micro Computer, short January 2025 $130 puts on Super Micro Computer, short January 2025 $280 calls on Super Micro Computer, short January 2025 $380 calls on Super Micro Computer, and short January 2025 $85 puts on Super Micro Computer. His clients may own shares of the companies mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices. The Motley Fool recommends Super Micro Computer. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Su has an amazing track record as AMD's CEO, and is certainly one to be taken seriously by the investment community. But at AMD's recent December AI event, she greatly upped her own outlook, to a $45 billion market in 2023 growing to a stunning $400 billion market by 2027. Super Micro has underrated advantages Many investors regard server-makers as just "dumb box" assemblers of highly proprietary chips and networking technologies.

Su has an amazing track record as AMD's CEO, and is certainly one to be taken seriously by the investment community. But at AMD's recent December AI event, she greatly upped her own outlook, to a $45 billion market in 2023 growing to a stunning $400 billion market by 2027. A reasonable valuation While many AI-related stocks have climbed a lot this year, Super Micro only trades at 25 times trailing earnings and 15.8 times 2024 earnings estimates, with the 2024 fiscal year ending in June.

Su has an amazing track record as AMD's CEO, and is certainly one to be taken seriously by the investment community. But at AMD's recent December AI event, she greatly upped her own outlook, to a $45 billion market in 2023 growing to a stunning $400 billion market by 2027. All in all, given increased AI growth expectations, Super Micro's unique business model, and Liang's motivation to generate revenue growth and a much higher stock price, Super Micro belongs in everyone's portfolio today, in spite of its massive two-year outperformance.

Su has an amazing track record as AMD's CEO, and is certainly one to be taken seriously by the investment community. But at AMD's recent December AI event, she greatly upped her own outlook, to a $45 billion market in 2023 growing to a stunning $400 billion market by 2027. A reasonable valuation While many AI-related stocks have climbed a lot this year, Super Micro only trades at 25 times trailing earnings and 15.8 times 2024 earnings estimates, with the 2024 fiscal year ending in June.

170349.0

2023-12-18 00:00:00 UTC

Notable Monday Option Activity: NUE, SPT, AMD

AMD

https://www.nasdaq.com/articles/notable-monday-option-activity%3A-nue-spt-amd

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Nucor Corp. (Symbol: NUE), where a total volume of 9,138 contracts has been traded thus far today, a contract volume which is representative of approximately 913,800 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 56.2% of NUE's average daily trading volume over the past month, of 1.6 million shares. Especially high volume was seen for the $165 strike put option expiring January 05, 2024, with 873 contracts trading so far today, representing approximately 87,300 underlying shares of NUE. Below is a chart showing NUE's trailing twelve month trading history, with the $165 strike highlighted in orange: Sprout Social Inc (Symbol: SPT) saw options trading volume of 3,261 contracts, representing approximately 326,100 underlying shares or approximately 55.7% of SPT's average daily trading volume over the past month, of 585,365 shares. Especially high volume was seen for the $55 strike put option expiring July 19, 2024, with 1,573 contracts trading so far today, representing approximately 157,300 underlying shares of SPT. Below is a chart showing SPT's trailing twelve month trading history, with the $55 strike highlighted in orange: And Advanced Micro Devices Inc (Symbol: AMD) saw options trading volume of 320,032 contracts, representing approximately 32.0 million underlying shares or approximately 55.3% of AMD's average daily trading volume over the past month, of 57.9 million shares. Especially high volume was seen for the $140 strike call option expiring December 22, 2023, with 29,900 contracts trading so far today, representing approximately 3.0 million underlying shares of AMD. Below is a chart showing AMD's trailing twelve month trading history, with the $140 strike highlighted in orange: For the various different available expirations for NUE options, SPT options, or AMD options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » Also see: • DRIP Returns Calculator • IBEX shares outstanding history • CRWN Historical Stock Prices The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Especially high volume was seen for the $140 strike call option expiring December 22, 2023, with 29,900 contracts trading so far today, representing approximately 3.0 million underlying shares of AMD. Below is a chart showing SPT's trailing twelve month trading history, with the $55 strike highlighted in orange: And Advanced Micro Devices Inc (Symbol: AMD) saw options trading volume of 320,032 contracts, representing approximately 32.0 million underlying shares or approximately 55.3% of AMD's average daily trading volume over the past month, of 57.9 million shares. Below is a chart showing AMD's trailing twelve month trading history, with the $140 strike highlighted in orange: For the various different available expirations for NUE options, SPT options, or AMD options, visit StockOptionsChannel.com.

Below is a chart showing SPT's trailing twelve month trading history, with the $55 strike highlighted in orange: And Advanced Micro Devices Inc (Symbol: AMD) saw options trading volume of 320,032 contracts, representing approximately 32.0 million underlying shares or approximately 55.3% of AMD's average daily trading volume over the past month, of 57.9 million shares. Especially high volume was seen for the $140 strike call option expiring December 22, 2023, with 29,900 contracts trading so far today, representing approximately 3.0 million underlying shares of AMD. Below is a chart showing AMD's trailing twelve month trading history, with the $140 strike highlighted in orange: For the various different available expirations for NUE options, SPT options, or AMD options, visit StockOptionsChannel.com.

Below is a chart showing SPT's trailing twelve month trading history, with the $55 strike highlighted in orange: And Advanced Micro Devices Inc (Symbol: AMD) saw options trading volume of 320,032 contracts, representing approximately 32.0 million underlying shares or approximately 55.3% of AMD's average daily trading volume over the past month, of 57.9 million shares. Especially high volume was seen for the $140 strike call option expiring December 22, 2023, with 29,900 contracts trading so far today, representing approximately 3.0 million underlying shares of AMD. Below is a chart showing AMD's trailing twelve month trading history, with the $140 strike highlighted in orange: For the various different available expirations for NUE options, SPT options, or AMD options, visit StockOptionsChannel.com.

Below is a chart showing SPT's trailing twelve month trading history, with the $55 strike highlighted in orange: And Advanced Micro Devices Inc (Symbol: AMD) saw options trading volume of 320,032 contracts, representing approximately 32.0 million underlying shares or approximately 55.3% of AMD's average daily trading volume over the past month, of 57.9 million shares. Especially high volume was seen for the $140 strike call option expiring December 22, 2023, with 29,900 contracts trading so far today, representing approximately 3.0 million underlying shares of AMD. Below is a chart showing AMD's trailing twelve month trading history, with the $140 strike highlighted in orange: For the various different available expirations for NUE options, SPT options, or AMD options, visit StockOptionsChannel.com.

170350.0

2023-12-18 00:00:00 UTC

3 of the Best Meme Stocks to Double Down On in 2024

AMD

https://www.nasdaq.com/articles/3-of-the-best-meme-stocks-to-double-down-on-in-2024

InvestorPlace - Stock Market News, Stock Advice & Trading Tips In the dynamic stock market realm, the term “best meme stocks” transcends being a mere catchphrase, encapsulating a pivotal movement. Fueled by social sentiment, the recent documentary “Dumb Money” shed light on the remarkable retail trading surge of 2021, which left Wall Street pundits scratching their heads. Additionally, the impact of meme stocks has been profound, catapulting companies such as GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC) into the spotlight, marking a significant chapter in financial history. But it’s important to acknowledge that the appeal of meme stocks goes beyond just their social media fame. As such, the social media forces driving the meme stock phenomenon are here to stay. As the world ventures deeper into digital realms, the online culture is expected to wield a greater sway over market trends. This evolving investment landscape presents unique opportunities for savvy traders to combine the thrill of viral movements with serious stock trading. Nvidia (NVDA) Source: Michael Vi / Shutterstock.com Nvidia (NASDAQ:NVDA), leading in artificial intelligence (AI) chip technology, excels in the stock market with key partnerships like Amazon Web Services, highlighting its role in AI and cloud integration. Concurrently, the company’s strong presence on social media platforms like Reddit, X (formerly Twitter) and Discord enhances community engagement and market visibility, potentially influencing market dynamics. Financially, its third quarter results were exceptional, with a staggering non-GAAP earnings per share (EPS) of $4.02, exceeding expectations by 63 cents, and a revenue surge to $18.12 billion, up 205.6% year-over-year (YOY). Its data center revenue also set a new record at $14.51 billion, marking significant quarterly and annual growth. Furthermore, Nvidia’s financial success this year is mainly attributable to the impact of its A100 and H100 chips, instrumental in powering advanced AI training models. Additionally, the company is poised to unveil the GH200 AI chip in mid-2024, a development eagerly anticipated by the tech industry. With staggering financial and technological accomplishments recently, NVDA isn’t just any meme stock, it’s going to be one of the best meme stocks for 2024. Advanced Micro Devices (AMD) Source: Joseph GTK / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD), a global semiconductor leader, has seen an impressive 14.38% surge in the past month. This stellar growth can be primarily attributed to the introduction of AMD’s groundbreaking Ryzen 8040 microchips, which have been a driving factor in the company’s recent success. Furthermore, the company’s innovation is showcased by the MI300X accelerator microchip now available for purchase, posing a direct challenge to Nvidia’s AI data center chips. The significance of this strategic move is underscored by tech giants Meta (NASDAQ:META) and Microsoft (NASDAQ:MSFT) both favoring AMD’s more cost-effective MI300X chips over Nvidia’s pricier H100 chips. Financially, these developments project a $400 billion total addressable market by 2027, up from a forecast of $150 billion in August. Bolstering this view are strong third quarter results, with non-GAAP EPS at 70 cents, surpassing expectations by 2 cents, and $5.8 billion in revenue reflecting solid 4.1% YOY growth. AMD’s prominence in AI signals a bright future for the company and its investors, making it another one of investor’s top picks for best meme stocks for 2024. Meta Platforms (META) Source: Aleem Zahid Khan / Shutterstock.com In 2023, Meta Platforms reinforced its dominance in the social media realm through key AI innovations. Demonstrating its technological prowess, Meta’s AI-driven products, coupled with its collaboration in the AI Alliance with IBM (NYSE:IBM), highlight its leadership in AI development, signifying a strategic shift towards redefining digital interactions. Moreover, Meta’s recent partnership with Amazon (NASDAQ:AMZN) exemplifies its innovative approach. This collaboration aims to streamline the shopping experience by integrating Amazon ads into Meta products, enabling users to shop and checkout directly. This synergy not only enhances user convenience but also promises mutual benefits for both Meta and Amazon. Financially, Meta showcased robust performance, with a GAAP EPS of $4.39, surpassing expectations by 76 cents. Its revenue escalated to $34.15 billion, a 23.2% increase from the previous year, outstripping forecasts by $700 million. This financial success is further complemented by enhanced user engagement on Facebook and Instagram, a testament to the efficacy of Meta’s AI-enhanced feed algorithms. On the date of publication, Muslim Farooque did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 of the Best Meme Stocks to Double Down On in 2024 appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Advanced Micro Devices (AMD) Source: Joseph GTK / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD), a global semiconductor leader, has seen an impressive 14.38% surge in the past month. This stellar growth can be primarily attributed to the introduction of AMD’s groundbreaking Ryzen 8040 microchips, which have been a driving factor in the company’s recent success. The significance of this strategic move is underscored by tech giants Meta (NASDAQ:META) and Microsoft (NASDAQ:MSFT) both favoring AMD’s more cost-effective MI300X chips over Nvidia’s pricier H100 chips.

Advanced Micro Devices (AMD) Source: Joseph GTK / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD), a global semiconductor leader, has seen an impressive 14.38% surge in the past month. This stellar growth can be primarily attributed to the introduction of AMD’s groundbreaking Ryzen 8040 microchips, which have been a driving factor in the company’s recent success. The significance of this strategic move is underscored by tech giants Meta (NASDAQ:META) and Microsoft (NASDAQ:MSFT) both favoring AMD’s more cost-effective MI300X chips over Nvidia’s pricier H100 chips.

Advanced Micro Devices (AMD) Source: Joseph GTK / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD), a global semiconductor leader, has seen an impressive 14.38% surge in the past month. This stellar growth can be primarily attributed to the introduction of AMD’s groundbreaking Ryzen 8040 microchips, which have been a driving factor in the company’s recent success. The significance of this strategic move is underscored by tech giants Meta (NASDAQ:META) and Microsoft (NASDAQ:MSFT) both favoring AMD’s more cost-effective MI300X chips over Nvidia’s pricier H100 chips.

Advanced Micro Devices (AMD) Source: Joseph GTK / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD), a global semiconductor leader, has seen an impressive 14.38% surge in the past month. This stellar growth can be primarily attributed to the introduction of AMD’s groundbreaking Ryzen 8040 microchips, which have been a driving factor in the company’s recent success. The significance of this strategic move is underscored by tech giants Meta (NASDAQ:META) and Microsoft (NASDAQ:MSFT) both favoring AMD’s more cost-effective MI300X chips over Nvidia’s pricier H100 chips.

170351.0

2023-12-18 00:00:00 UTC

Nvidia Stock (NASDAQ:NVDA) Is Up 235% YTD; What Lies Ahead in 2024?

AMD

https://www.nasdaq.com/articles/nvidia-stock-nasdaq%3Anvda-is-up-235-ytd-what-lies-ahead-in-2024

Nvidia (NASDAQ:NVDA) stock has rallied quite a lot, gaining about 235% year-to-date. However, given the AI (Artificial Intelligence)-led opportunities and NVDA’s leadership in this space, the stock may continue to rise in 2024. The company forecasts that its top line could triple in Q4 of the current fiscal year. Furthermore, this positive momentum is expected to be sustained into 2024, driven by robust demand across the Data Center segment. Additionally, the company is making substantial expansions to its supply chain, signaling continued strength in demand for the upcoming quarters. Against this backdrop, let's explore what the analysts suggest for Nvidia stock. NVDA Stock: Analysts Weigh In The majority of analysts covering NVDA stock advocate purchasing it at current levels. On December 15, Bank of America Securities analyst Vivek Arya reaffirmed a Buy rating for Nvidia, designating it as his top semiconductor pick for 2024. Arya’s optimistic outlook is reflected in his $700 price target, suggesting a substantial upside potential of 43.18%. While Nvidia stock has appreciated in value, Bernstein analyst Stacy Rasgon finds its valuation attractive. Rasgon suggests buying NVDA stock near current levels. The analyst added that Nvidia trades at a forward price-to-earnings multiple of 25, which is lower than Advanced Micro Devices’ (NASDAQ:AMD) forward earnings multiple of 41. Rasgon has a price target of $700 on Nvidia stock. Meanwhile, DBS analyst Fang Boon Foo maintained a Buy rating on NVDA stock on December 7. The analyst said that NVDA, through its robust financial performance, has dispelled doubts about AI being merely hype. Instead, AI is now seen as the key driver of earnings for the company. Additionally, the analyst sees sustained global demand for AI chips and envisions Nvidia reaping incremental advantages from the growing adoption of generative AI across various industries. Is Nvidia Stock Expected to Rise? Analysts’ average price target suggests Nvidia stock is expected to rise. With 31 Buy and three Hold recommendations, Nvidia stock has a Strong Buy consensus rating. Moreover, analysts’ average price target of $661.35 implies 35.27% upside potential from current levels. Bottom Line Nvidia stock has generated significant returns for its investors so far in 2023. Further, analysts continue to show confidence in it and expect the stock to grow more over the next 12 months. The AI-led demand, supply-chain expansion, and NVDA’s focus on accelerating its product development position it well to deliver solid financials, supporting its share price in 2024. Disclosure The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The analyst added that Nvidia trades at a forward price-to-earnings multiple of 25, which is lower than Advanced Micro Devices’ (NASDAQ:AMD) forward earnings multiple of 41. Additionally, the company is making substantial expansions to its supply chain, signaling continued strength in demand for the upcoming quarters. On December 15, Bank of America Securities analyst Vivek Arya reaffirmed a Buy rating for Nvidia, designating it as his top semiconductor pick for 2024.

The analyst added that Nvidia trades at a forward price-to-earnings multiple of 25, which is lower than Advanced Micro Devices’ (NASDAQ:AMD) forward earnings multiple of 41. Rasgon suggests buying NVDA stock near current levels. Analysts’ average price target suggests Nvidia stock is expected to rise.

The analyst added that Nvidia trades at a forward price-to-earnings multiple of 25, which is lower than Advanced Micro Devices’ (NASDAQ:AMD) forward earnings multiple of 41. NVDA Stock: Analysts Weigh In The majority of analysts covering NVDA stock advocate purchasing it at current levels. Additionally, the analyst sees sustained global demand for AI chips and envisions Nvidia reaping incremental advantages from the growing adoption of generative AI across various industries.

The analyst added that Nvidia trades at a forward price-to-earnings multiple of 25, which is lower than Advanced Micro Devices’ (NASDAQ:AMD) forward earnings multiple of 41. Furthermore, this positive momentum is expected to be sustained into 2024, driven by robust demand across the Data Center segment. Rasgon suggests buying NVDA stock near current levels.

170352.0

2023-12-18 00:00:00 UTC

Long-term Growth: 3 High-Potential Stocks to Buy and Hold

AMD

https://www.nasdaq.com/articles/long-term-growth%3A-3-high-potential-stocks-to-buy-and-hold

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Growth stocks outperformed in 2023 led by companies associated with artificial intelligence (AI). Heading into 2024, it’s highly probably that growth stocks will continue leading the way. The market rally has broadened in recent weeks after the U.S. Federal Reserve signaled three potential interest rate cuts in the coming year. Yet, Wall Street is unlikely to suddenly abandon growth. In fact, high-growth technology stocks could rally higher. The $1.19 trillion that has been sitting in U.S. money market funds continues to move into equities. More than $257 billion flowed into stocks between October 31 and November 30 as the rally gathered steam. So, with thecurrent stock marketrally set to continue into 2024, let’s look at the long-term growth of three high-potential stocks to buy and hold. Intel (INTC) Source: JHVEPhoto / Shutterstock.com Challenge accepted. That was the message from Intel (NASDAQ:INTC) as the company introduced a new microchip for generative AI software. It directly competes against rivals Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD). In fact, Intel’s new “Gaudi3” chip will be able to run big AI models that are energy intensive. Currently, they are driven largely by chips from Nvidia, which has a 70%global marketshare. Specifically, the Gaudi3 chip is meant to challenge Nvidia’s H100 chip as well as AMD’s MI300X chip used in AI. Intel said that the Gaudi3 chip will start shipping to customers in 2024, though an exact date hasn’t been made public. Additionally, Intel announced new Core Ultra chips designed for Windows laptops, personal computers (PCs), and new fifth-generation Xeon server microchips. Those new chips include a specialized part called an “NPU” that can run AI programs faster. Therefore, the new line-up of chips can be expected to serve as a catalyst for Intel and its share price in the year ahead. INTC stock is up 73% in 2023. Broadcom (AVGO) Source: Sasima / Shutterstock.com Sticking with microchip and semiconductor companies, we have Broadcom (NASDAQ:AVGO). AVGO stock has gained 25% since the company issued its latest financial results in early December. The strong beat on both the top and bottom lines has investors feeling bullish about Broadcom and its year ahead. Several analysts have upgraded the stock since the latest quarterly print, including Bank of America (NYSE:BAC), which raised its price target to $1,250 a share from $1,200 previously. In raising their ratings and price targets on AVGO stock, analysts have cited the application of generative AI across Broadcom’s products as a major catalyst for the stock. Also, they note that the company’s recently completed $69 billion acquisition of cloud computing firm VMware. This should immediately benefit the company’s financial results. Indeed, Broadcom said that for its fiscal 2024 year, it expects to generate revenue of $50 billion, well ahead of the $39 billion expected on Wall Street. C3.ai (AI) Source: shutterstock.com/Below the Sky For investors who have an appetite for risk and some patience, there’s C3.ai (NYSE:AI). Founded in 2009, the company specializes in enterprise AI. It is basically still a start-up and remains unprofitable. But, C3.ai has promise and its stock has been a big winner in the AI trade over the past year. Closing out 2023, AI stock has increased 182% on the year. More gains can be expected as the company grows and matures. C3.ai stock is prone to big swings higher or lower. Its stock recently plunged 12% after the company issued financial results that included weak forward guidance. The results themselves were better-than-expected, with C3.ai reporting an earnings per share (EPS) loss of 13 cents, which was better than the loss of 18 cents expected on Wall Street. Revenue totaled $73.2 million, up 17% from a year ago. The company has withdrawn a previous forecast to achieve profitability by the end of 2024, which has hurt AI stock. Again, it’s not for every investor. But for those chasing growth, AI stock is a contender. On the date of publication, Joel Baglole held a long position in NVDA. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Long-term Growth: 3 High-Potential Stocks to Buy and Hold appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

It directly competes against rivals Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD). Specifically, the Gaudi3 chip is meant to challenge Nvidia’s H100 chip as well as AMD’s MI300X chip used in AI. Additionally, Intel announced new Core Ultra chips designed for Windows laptops, personal computers (PCs), and new fifth-generation Xeon server microchips.

It directly competes against rivals Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD). Specifically, the Gaudi3 chip is meant to challenge Nvidia’s H100 chip as well as AMD’s MI300X chip used in AI. AVGO stock has gained 25% since the company issued its latest financial results in early December.

It directly competes against rivals Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD). Specifically, the Gaudi3 chip is meant to challenge Nvidia’s H100 chip as well as AMD’s MI300X chip used in AI. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Growth stocks outperformed in 2023 led by companies associated with artificial intelligence (AI).

Specifically, the Gaudi3 chip is meant to challenge Nvidia’s H100 chip as well as AMD’s MI300X chip used in AI. It directly competes against rivals Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD). Therefore, the new line-up of chips can be expected to serve as a catalyst for Intel and its share price in the year ahead.

170353.0

2023-12-18 00:00:00 UTC

3 Stock-Split Stocks With 51% to 128% Upside in 2024, According to Select Wall Street Analysts

AMD

https://www.nasdaq.com/articles/3-stock-split-stocks-with-51-to-128-upside-in-2024-according-to-select-wall-street

Investing on Wall Street can sometimes feel like a roller-coaster ride. Over the past four years, the stock market's three major indexes have vacillated between bear and bull markets with each passing year. Although volatility is inherent on Wall Street, wild swings often encourage investors to seek out the safety of companies that offer a history of outperformance. For the past decade, the FAANG stocks are a good example of a group of companies that have excelled. But over the past two years and change, it's businesses enacting splits that have garnered the attention of investors. Image source: Getty Images. A stock-split is an event that allows a publicly traded company to alter its share price and outstanding share count by the same magnitude, without having any impact on its market cap or daily operations. A forward-stock split is used to make shares of a company more nominally affordable for everyday investors, while a reverse-stock split increases a company's share price to ensure it meets the minimum listing requirements of a major stock exchange. Most investors -- and this includes Wall Street professionals -- are honed in on forward-stock splits. Since July 2021, nine high-profile outperformers have conducted forward splits: Nvidia (NASDAQ: NVDA): 4-for-1 split Amazon (NASDAQ: AMZN): 20-for-1 split DexCom (NASDAQ: DXCM): 4-for-1 split Shopify (NYSE: SHOP): 10-for-1 split Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG): 20-for-1 split Tesla (NASDAQ: TSLA): 3-for-1 split Palo Alto Networks (NASDAQ: PANW): 3-for-1 split Monster Beverage (NASDAQ: MNST): 2-for-1 split Novo Nordisk (NYSE: NVO): 2-for-1 split Among these nine stock-split stocks are three highfliers that a select group of Wall Street analysts believe offer upside of as much as 128% upside in 2024. Nvidia: Implied upside of 128% The stock-split stock with the greatest upside potential in the new year, according to one Wall Street analyst, is semiconductor company Nvidia. Analyst Hans Mosesmann of Rosenblatt Securities has a lofty $1,100 price target on shares of Nvidia. Based on its closing price of $483.50 on Dec. 14, this represents a potential gain to shareholders of 128% in 2024. Mosesmann's optimism for the top-performing megacap stock of 2023 has to do with its role as the infrastructure backbone of the artificial intelligence (AI) movement. Nvidia's A100 and H100 graphics processing units (GPUs) account for between 80% and 90% of the share of GPUs currently deployed in high-compute data centers. With chip fabrication company Taiwan Semiconductor Manufacturing looking to potentially double its chip of wafer on substrate capacity over the next year, the expectation is that Nvidia's ability to meet strong demand for its A100 and H100 chips will improve. More units to sell should increase Nvidia's sales and profits next year. However, there's another side to this story. More specifically, Nvidia's doubling sales in its current fiscal year is almost exclusively the result of exceptional pricing power caused by AI-GPU scarcity. As it increases its own production, and new competitors enter the arena -- Advanced Micro Devices (NASDAQ: AMD) and Intel (NASDAQ: INTC) -- there's a good likelihood that Nvidia's pricing power and gross margin will take a hit. AMD introduced its MI300X GPU for AI-accelerated data centers in June, but expects to ramp up production in 2024. Meanwhile, Intel intends to bring its Falcon Shores GPU to market in 2025, which will be a direct competitor to Nvidia. Things may be as good as they're going to get for Nvidia. The last thing to note about next-big-thing investments is that they have a strong tendency to form early stage bubbles. Investors have overestimated the demand or uptake of every major trend for the past three decades, and I doubt AI is going to be the exception. This makes reaching Mosesmann's $1,100 price target for Nvidia highly unlikely. Amazon: Implied upside of 56% A second stock-split stock with incredible upside in 2024, based on the price target of at least one bullish Wall Street analyst, is e-commerce giant Amazon. According to analyst Alex Haissl of Redburn Atlantic, Amazon's stock can hit $230 per share. If Haissl proves accurate, shareholders would enjoy upside of 56% in the new year. The biggest knock against Amazon is that its top revenue segment is cyclical. It generates most of its sales from its world-leading online marketplace. If economic growth slows or a recession takes shape domestically or abroad, it wouldn't be a surprise to see Amazon's online revenue decline. But here's the thing about Amazon: Its e-commerce segment isn't all that important to its cash flow generation or profitability. Rather, a trio of ancillary segments are what will power the company forward. No segment is more critical to Amazon's success than Amazon Web Services (AWS). AWS accounted for 31% of global cloud infrastructure services spend, as of the September-ended quarter. Not only is enterprise cloud spending still in its early innings, but cloud-service margins run circles around razor-thin online retail sales margins. Despite accounting for around a sixth of Amazon's net sales, AWS is responsible for the bulk of the company's operating income. Subscription services is another key division for Amazon. Back in April 2021, then-CEO Jeff Bezos noted that more than 200 million people had signed up for a Prime subscription. These subscriptions keep users loyal to Amazon's ecosystem of products and services, as well as generate predictable cash flow. The third ancillary segment of interest is advertising services. With Amazon attracting more than 2 billion unique visitors to its website each month, it's no surprise that advertisers will pay a premium to get their message in front of potentially motivated shoppers. Amazon remains historically cheap relative to its future cash flow potential. Deliveries of the Cybertruck began in late November. Image source: Tesla. Tesla: Implied upside of 51% The third stock-split stock offering mouthwatering upside in 2024, based on the prognostication of one Wall Street analyst, is electric-vehicle (EV) maker Tesla. Analyst Adam Jonas at Morgan Stanley, who has a history of placing lofty price targets on Tesla's stock, expects shares to reach $380. Should Jonas's forecast be reached, Tesla's shares would appreciate by 51% in the new year. The most front-and-center catalyst for Tesla is the ongoing rollout of its Cybertruck. Deliveries of the company's fifth production model (3, S, X, and Y being the other four) began at the end of November. What'll be of interest is whether refundable cash deposits for Cybertruck, which previously topped 1 million, according to CEO Elon Musk, translate into actual orders. Additionally, Tesla is the only pure-play EV maker that's generating a recurring profit on the basis of generally accepted accounting principles (GAAP). While legacy automakers are profitable as a whole, their EV divisions are bleeding red. Tesla's first-mover advantages, coupled with its recuring GAAP profits, have made it a popular stock to own. But like Nvidia, Tesla has a number of challenges that lie ahead, which have the potential to lead to a breakdown. For starters, the company initiated a price war with its competitors earlier this year, which is wreaking havoc on its margins. Tesla has slashed the sales price on its four production models (i.e., not counting Cybertruck), leading to a more-than-halving of its operating margin over the trailing-12-month period (17.2% to 7.6%). According to Musk, his company's pricing strategy is dictated by demand. With Tesla reducing the sales price of its production models on more than a half-dozen occasions, it signals that both demand is down and inventory levels are rising. Another issue for Tesla is its CEO. Aside from drawing the ire of securities regulators on a couple of occasions, Musk has a habit of overpromising and underdelivering when it comes to new vehicles and innovations. Tesla's market cap has a number of promised innovations baked in, but many of these promises have, thus far, gone unfulfilled. Lastly, Tesla's valuation is already otherworldly. Whereas most automakers trade at price-to-earnings ratios of 6 to 8, Tesla's forward-year earnings multiple is 71. Reaching Jonas's price target in 2024 looks virtually impossible. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Sean Williams has positions in Alphabet, Amazon, and Intel. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Monster Beverage, Nvidia, Palo Alto Networks, Shopify, Taiwan Semiconductor Manufacturing, and Tesla. The Motley Fool recommends DexCom, Intel, and Novo Nordisk and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

As it increases its own production, and new competitors enter the arena -- Advanced Micro Devices (NASDAQ: AMD) and Intel (NASDAQ: INTC) -- there's a good likelihood that Nvidia's pricing power and gross margin will take a hit. AMD introduced its MI300X GPU for AI-accelerated data centers in June, but expects to ramp up production in 2024. More specifically, Nvidia's doubling sales in its current fiscal year is almost exclusively the result of exceptional pricing power caused by AI-GPU scarcity.

As it increases its own production, and new competitors enter the arena -- Advanced Micro Devices (NASDAQ: AMD) and Intel (NASDAQ: INTC) -- there's a good likelihood that Nvidia's pricing power and gross margin will take a hit. AMD introduced its MI300X GPU for AI-accelerated data centers in June, but expects to ramp up production in 2024. Since July 2021, nine high-profile outperformers have conducted forward splits: Nvidia (NASDAQ: NVDA): 4-for-1 split Amazon (NASDAQ: AMZN): 20-for-1 split DexCom (NASDAQ: DXCM): 4-for-1 split Shopify (NYSE: SHOP): 10-for-1 split Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG): 20-for-1 split Tesla (NASDAQ: TSLA): 3-for-1 split Palo Alto Networks (NASDAQ: PANW): 3-for-1 split Monster Beverage (NASDAQ: MNST): 2-for-1 split Novo Nordisk (NYSE: NVO): 2-for-1 split Among these nine stock-split stocks are three highfliers that a select group of Wall Street analysts believe offer upside of as much as 128% upside in 2024.

As it increases its own production, and new competitors enter the arena -- Advanced Micro Devices (NASDAQ: AMD) and Intel (NASDAQ: INTC) -- there's a good likelihood that Nvidia's pricing power and gross margin will take a hit. AMD introduced its MI300X GPU for AI-accelerated data centers in June, but expects to ramp up production in 2024. Since July 2021, nine high-profile outperformers have conducted forward splits: Nvidia (NASDAQ: NVDA): 4-for-1 split Amazon (NASDAQ: AMZN): 20-for-1 split DexCom (NASDAQ: DXCM): 4-for-1 split Shopify (NYSE: SHOP): 10-for-1 split Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG): 20-for-1 split Tesla (NASDAQ: TSLA): 3-for-1 split Palo Alto Networks (NASDAQ: PANW): 3-for-1 split Monster Beverage (NASDAQ: MNST): 2-for-1 split Novo Nordisk (NYSE: NVO): 2-for-1 split Among these nine stock-split stocks are three highfliers that a select group of Wall Street analysts believe offer upside of as much as 128% upside in 2024.

As it increases its own production, and new competitors enter the arena -- Advanced Micro Devices (NASDAQ: AMD) and Intel (NASDAQ: INTC) -- there's a good likelihood that Nvidia's pricing power and gross margin will take a hit. AMD introduced its MI300X GPU for AI-accelerated data centers in June, but expects to ramp up production in 2024. Nvidia: Implied upside of 128% The stock-split stock with the greatest upside potential in the new year, according to one Wall Street analyst, is semiconductor company Nvidia.

170354.0

2023-12-18 00:00:00 UTC

First Week of AMD January 2026 Options Trading

AMD

https://www.nasdaq.com/articles/first-week-of-amd-january-2026-options-trading

Investors in Advanced Micro Devices Inc (Symbol: AMD) saw new options become available this week, for the January 2026 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 760 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AMD options chain for the new January 2026 contracts and identified one put and one call contract of particular interest. The put contract at the $135.00 strike price has a current bid of $24.60. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $135.00, but will also collect the premium, putting the cost basis of the shares at $110.40 (before broker commissions). To an investor already interested in purchasing shares of AMD, that could represent an attractive alternative to paying $138.88/share today. Because the $135.00 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 68%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 18.22% return on the cash commitment, or 8.75% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Advanced Micro Devices Inc, and highlighting in green where the $135.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $220.00 strike price has a current bid of $15.75. If an investor was to purchase shares of AMD stock at the current price level of $138.88/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $220.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 69.75% if the stock gets called away at the January 2026 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AMD shares really soar, which is why looking at the trailing twelve month trading history for Advanced Micro Devices Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AMD's trailing twelve month trading history, with the $220.00 strike highlighted in red: Considering the fact that the $220.00 strike represents an approximate 58% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 11.34% boost of extra return to the investor, or 5.45% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example above is 50%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 250 trading day closing values as well as today's price of $138.88) to be 47%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. Top YieldBoost Calls of the Nasdaq 100 » Also see: • Top Ten Hedge Funds Holding AGOX • EOCT Videos • DEI Average Annual Return The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Of course, a lot of upside could potentially be left on the table if AMD shares really soar, which is why looking at the trailing twelve month trading history for Advanced Micro Devices Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AMD's trailing twelve month trading history, with the $220.00 strike highlighted in red: Considering the fact that the $220.00 strike represents an approximate 58% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advanced Micro Devices Inc (Symbol: AMD) saw new options become available this week, for the January 2026 expiration.

Below is a chart showing AMD's trailing twelve month trading history, with the $220.00 strike highlighted in red: Considering the fact that the $220.00 strike represents an approximate 58% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advanced Micro Devices Inc (Symbol: AMD) saw new options become available this week, for the January 2026 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AMD options chain for the new January 2026 contracts and identified one put and one call contract of particular interest.

Below is a chart showing AMD's trailing twelve month trading history, with the $220.00 strike highlighted in red: Considering the fact that the $220.00 strike represents an approximate 58% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advanced Micro Devices Inc (Symbol: AMD) saw new options become available this week, for the January 2026 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AMD options chain for the new January 2026 contracts and identified one put and one call contract of particular interest.

At Stock Options Channel, our YieldBoost formula has looked up and down the AMD options chain for the new January 2026 contracts and identified one put and one call contract of particular interest. Below is a chart showing AMD's trailing twelve month trading history, with the $220.00 strike highlighted in red: Considering the fact that the $220.00 strike represents an approximate 58% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Advanced Micro Devices Inc (Symbol: AMD) saw new options become available this week, for the January 2026 expiration.

170337.0

2023-12-19 00:00:00 UTC

AMD Quantitative Stock Analysis

AMD

https://www.nasdaq.com/articles/amd-quantitative-stock-analysis-18

Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum. ADVANCED MICRO DEVICES, INC. (AMD) is a large-cap growth stock in the Semiconductors industry. The rating using this strategy is 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. FUNDAMENTAL MOMENTUM: PASS TWELVE MINUS ONE MOMENTUM: PASS FINAL RANK: PASS Detailed Analysis of ADVANCED MICRO DEVICES, INC. AMD Guru Analysis AMD Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance. Additional Research Links Top NASDAQ 100 Stocks Top Technology Stocks Top Large-Cap Growth Stocks High Momentum Stocks High Insider Ownership Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). ADVANCED MICRO DEVICES, INC. (AMD) is a large-cap growth stock in the Semiconductors industry. Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.

Detailed Analysis of ADVANCED MICRO DEVICES, INC. AMD Guru Analysis AMD Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.

Detailed Analysis of ADVANCED MICRO DEVICES, INC. AMD Guru Analysis AMD Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.

Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). ADVANCED MICRO DEVICES, INC. (AMD) is a large-cap growth stock in the Semiconductors industry.

170338.0

2023-12-19 00:00:00 UTC

Can Semiconductor ETFs Continue to Shine in 2024?

AMD

https://www.nasdaq.com/articles/can-semiconductor-etfs-continue-to-shine-in-2024

Semiconductor stocks surged this year, thanks to the AI Bonanza, as these companies provide picks and shovels for the AI gold rush. Semiconductor ETFs are also the best-performing ETFs of the last 10 years, as chips—the basic building blocks of computation—have become integral in everything from smartphones to cars, laptops, PCs, video games, and data centers. Shares of Nvidia NVDA, which currently holds more than 85% of the market for generative-AI chips, are up more than 240% this year. However, the stock has taken a breather since topping $500 in August, while some others, like Advanced Micro Devices AMD and Broadcom AVGO, have risen lately. Despite the eye-popping surge, Nvidia now trades at just 25 times forward earnings, the lowest level since the end of 2018, according to top semiconductor analyst Stacy Rasgon. Earlier this month, AMD introduced its newest AI chips that could provide some competition to Nvidia's H100. Microsoft MSFT and Meta META said they will use AMD’s MI300 chip. Intel INTC also announced it will launch its Gaudi3 AI chip next year. The VanEck Vectors Semiconductor ETF SMH follows a market cap weighted index of 25 US-listed semiconductor companies. Nvidia and Taiwan Semiconductor TSM are its top holdings. The iShares PHLX Semiconductor ETF SOXX is a modified market cap weighted ETF. It has 30 holdings with a cap of 8% on individual securities. Broadcom and AMD are its top holdings. The SPDR S&P Semiconductor ETF XSD is an equal weighted ETF. The Invesco PHLX Semiconductor ETF SOXQ is now the cheapest product in the space. To learn more about these stocks and ETFs, please watch the short video above. Disclosure: Neena owns SOXX and XSD in the ETF Investor Portfolio. Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : Free Stock Analysis Report VanEck Semiconductor ETF (SMH): ETF Research Reports iShares Semiconductor ETF (SOXX): ETF Research Reports SPDR S&P Semiconductor ETF (XSD): ETF Research Reports Invesco PHLX Semiconductor ETF (SOXQ): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

However, the stock has taken a breather since topping $500 in August, while some others, like Advanced Micro Devices AMD and Broadcom AVGO, have risen lately. Earlier this month, AMD introduced its newest AI chips that could provide some competition to Nvidia's H100. Microsoft MSFT and Meta META said they will use AMD’s MI300 chip.

Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : Free Stock Analysis Report VanEck Semiconductor ETF (SMH): ETF Research Reports iShares Semiconductor ETF (SOXX): ETF Research Reports SPDR S&P Semiconductor ETF (XSD): ETF Research Reports Invesco PHLX Semiconductor ETF (SOXQ): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. However, the stock has taken a breather since topping $500 in August, while some others, like Advanced Micro Devices AMD and Broadcom AVGO, have risen lately. Earlier this month, AMD introduced its newest AI chips that could provide some competition to Nvidia's H100.

Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : Free Stock Analysis Report VanEck Semiconductor ETF (SMH): ETF Research Reports iShares Semiconductor ETF (SOXX): ETF Research Reports SPDR S&P Semiconductor ETF (XSD): ETF Research Reports Invesco PHLX Semiconductor ETF (SOXQ): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. However, the stock has taken a breather since topping $500 in August, while some others, like Advanced Micro Devices AMD and Broadcom AVGO, have risen lately. Earlier this month, AMD introduced its newest AI chips that could provide some competition to Nvidia's H100.

Broadcom and AMD are its top holdings. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : Free Stock Analysis Report VanEck Semiconductor ETF (SMH): ETF Research Reports iShares Semiconductor ETF (SOXX): ETF Research Reports SPDR S&P Semiconductor ETF (XSD): ETF Research Reports Invesco PHLX Semiconductor ETF (SOXQ): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. However, the stock has taken a breather since topping $500 in August, while some others, like Advanced Micro Devices AMD and Broadcom AVGO, have risen lately.

170339.0

2023-12-19 00:00:00 UTC

NVDA, AMD, MU: Which Chip Stock is the Best Buy for 2024?

AMD

https://www.nasdaq.com/articles/nvda-amd-mu%3A-which-chip-stock-is-the-best-buy-for-2024

As 2023 comes to a close, I think it's safe to say that artificial intelligence (AI) is the one phenomenon that captured the hearts of investors, even amid turbulent macroeconomic conditions. Today, the stage still seems set for some type of slowdown in 2024, but don't expect investors to ignore the top AI-powered semiconductor/chip stocks — NVDA, AMD, and MU — as they continue to meet a demand that can only be described as hot. Only time will tell if AI and its productivity-driving effect can keep acting as the tide that lifts stocks. My guess is that some of the less-apparent companies will also stand to rise as they look to keep up (with AI) or run the risk of being left behind. The way I see it, AI (and AI hardware capacity) can grant competitive advantages to firms (including those outside of tech) that take the trend seriously. Further, underinvesting in AI chip tech seems somewhat riskier than overinvesting, at least as firms across the board fight to get up to speed with the latest hardware. All considered, AI-powered semiconductor stocks may still have room to add to their gains in 2024. In this piece, we'll use TipRanks’ comparison tool to check out three such names that have the blessing of most Wall Street analysts. Nvidia (NASDAQ:NVDA) Nvidia stock has arguably been the stock of the year, with shares now up 250% year-to-date. Undoubtedly, many value-conscious investors (like myself) have been deterred by the sheer momentum behind the name. The valuation still seems quite steep, but given the impressive growth and the promising AI chip demand trajectory — it seems like more of a secular tailwind than some sort of short-lived cyclical upswing — I'm inclined to be more bullish than bearish. Sure, it's never fun to "chase" a hot stock as a disciplined, valued investor, but the AI revolution is real, and Nvidia seems like one of the companies to emerge as one of the largest firms on the planet through the next decade. The company isn't just innovating on the front of AI chips; it's got major skin in the AI software game and even its own Omniverse offering. Indeed, it's hard not to be awed by Jensen Huang when he showcases his firm's new technologies. For now, Nvidia stock is an obvious AI chip stock. The stock (and its hardware) look pricy relative to rivals, but given its dominance and front-row seat in AI, is it all that expensive? Perhaps it's not, at least according to Bernstein's Stacy Rasgon. In fact, Rasgon thinks it's the "cheapest" AI pick for the year ahead. Could the seemingly expensive stock actually still be undervalued? I think it's very much possible. Rasgon notes that "multiples have compressed" amid the stock's impressive ascent. Indeed, Nvidia isn't just a story play. Earnings are growing, and they're continuing to grow fast. Rasgon also astutely observed that NVDA stock is close to the cheapest since 2018's conclusion at around 25 times forward price-to-earnings (P/E). He's right. Nvidia stock may not be as expensive as it seems, even on a P/E basis. Pending an AI chip demand implosion, I think it's hard to bet against CEO Jensen Huang going into 2024. What is the Price Target of NVDA Stock? Nvidia stock is a Strong Buy, according to analysts, with 31 Buys and three Holds assigned in the past three months. The average NVDA stock price target of $661.35 implies 33.3% upside potential. Advanced Micro Devices (NASDAQ:AMD) If Nvidia isn't your cup of tea, perhaps AMD, Nvidia's top rival, is. Like Nvidia, AMD has a legendary CEO, Lisa Su, who's more than capable of capitalizing on the rise of AI. And it's proven to be a bad idea to bet against her firm, even as it traded at elevated valuation multiples. As the company looks to close the gap with Nvidia in AI chips (a difficult feat), I think it's hard not to be bullish, given the potential rewards if it can pull it off. On a forward P/E basis, AMD is pricier than Nvidia stock at north of 37 times next year's expected P/E. Pricier? Perhaps, but it's not absurdly expensive in my books, given how much AMD stands to win if it plays its cards right in 2024. Earlier this month, AMD pulled the curtain on its much-awaited Instinct MI300X AI chip. Some AI software heavyweights like Microsoft (NASDAQ:MSFT) and Meta (NASDAQ:META) have also committed to using it to run their AI applications. That's a big deal that seems to suggest the playing field stands to even out. Even if AMD can't meet Nvidia's stride for stride with its latest innovations, I previously noted that it can still win big market share with competitive pricing. Either way, there exists a scenario where both AMD and Nvidia can win as the AI supercycle continues into the new year. For now, it seems unrealistic for AMD to crush Nvidia on the front of AI chips. That said, it doesn't need to in order to keep its rally running strong. What is the Price Target of AMD Stock? AMD stock is a Strong Buy, according to analysts, with 26 Buys and eight Holds assigned in the past three months. The average AMD stock price target of $132.41 implies 5.5% downside potential. Micron (NASDAQ:MU) Micron is a memory play that also stands to benefit from the rise of AI hardware firepower. More AI applications and connected devices call for greater memory needs. Year-to-date, the stock's up over 64%, thanks to solid results and AI enthusiasm. Moving ahead, Micron's margins could receive more of a lift as its management team looks to top what some analysts (like Wedbush Securities' Matt Bryson) believe is a low bar. Given strong industry dynamics and a modest valuation, I remain bullish on MU stock. Micron has already boosted its guidance for Q1, calling for revenue in the ballpark of $4.7 billion, up from the $4.2-4.6 billion range, thanks to robust memory demand trends. That said, there's a good chance of an overshoot, not just in Q1 but for the next few quarters. Citi's Chris Danely is bullish on the DRAM (Dynamic random access memory, a type of chip memory) market for the new year, going as far as to name Micron his firm's top semiconductor pick. As Nvidia and AMD hog the headlines, Micron seems like an intriguing (and less heated) way to play the semiconductor scene. What is the Price Target of MU Stock? Micron stock is a Strong Buy, according to analysts, with 20 Buys, three Holds, and one Sell assigned in the past three months. The average MU stock price target of $86.98 implies 5.9% upside potential. Conclusion Nvidia stock still has an unbelievable amount of upside for the year ahead, say analysts, with a whopping 33.3% in expected upside. I think analysts are right to be pounding the table on Nvidia. It's a high-flyer, but perhaps shares aren't nearly as pricy as they seem. Disclosure The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Today, the stage still seems set for some type of slowdown in 2024, but don't expect investors to ignore the top AI-powered semiconductor/chip stocks — NVDA, AMD, and MU — as they continue to meet a demand that can only be described as hot. Advanced Micro Devices (NASDAQ:AMD) If Nvidia isn't your cup of tea, perhaps AMD, Nvidia's top rival, is. Like Nvidia, AMD has a legendary CEO, Lisa Su, who's more than capable of capitalizing on the rise of AI.

Today, the stage still seems set for some type of slowdown in 2024, but don't expect investors to ignore the top AI-powered semiconductor/chip stocks — NVDA, AMD, and MU — as they continue to meet a demand that can only be described as hot. Advanced Micro Devices (NASDAQ:AMD) If Nvidia isn't your cup of tea, perhaps AMD, Nvidia's top rival, is. Like Nvidia, AMD has a legendary CEO, Lisa Su, who's more than capable of capitalizing on the rise of AI.

Today, the stage still seems set for some type of slowdown in 2024, but don't expect investors to ignore the top AI-powered semiconductor/chip stocks — NVDA, AMD, and MU — as they continue to meet a demand that can only be described as hot. Advanced Micro Devices (NASDAQ:AMD) If Nvidia isn't your cup of tea, perhaps AMD, Nvidia's top rival, is. Like Nvidia, AMD has a legendary CEO, Lisa Su, who's more than capable of capitalizing on the rise of AI.

On a forward P/E basis, AMD is pricier than Nvidia stock at north of 37 times next year's expected P/E. Today, the stage still seems set for some type of slowdown in 2024, but don't expect investors to ignore the top AI-powered semiconductor/chip stocks — NVDA, AMD, and MU — as they continue to meet a demand that can only be described as hot. Advanced Micro Devices (NASDAQ:AMD) If Nvidia isn't your cup of tea, perhaps AMD, Nvidia's top rival, is.

170340.0

2023-12-19 00:00:00 UTC

Advanced Micro Devices (AMD) Beats Stock Market Upswing: What Investors Need to Know

AMD

https://www.nasdaq.com/articles/advanced-micro-devices-amd-beats-stock-market-upswing%3A-what-investors-need-to-know

Advanced Micro Devices (AMD) ended the recent trading session at $140.15, demonstrating a +0.9% swing from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.59%. At the same time, the Dow added 0.68%, and the tech-heavy Nasdaq gained 0.66%. The chipmaker's shares have seen an increase of 14.29% over the last month, surpassing the Computer and Technology sector's gain of 4.11% and the S&P 500's gain of 5.16%. Market participants will be closely following the financial results of Advanced Micro Devices in its upcoming release. The company is predicted to post an EPS of $0.77, indicating a 11.59% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $6.11 billion, indicating a 9.2% upward movement from the same quarter last year. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.65 per share and a revenue of $22.63 billion, indicating changes of -24.29% and -4.13%, respectively, from the former year. Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Advanced Micro Devices. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. At present, Advanced Micro Devices boasts a Zacks Rank of #3 (Hold). Looking at valuation, Advanced Micro Devices is presently trading at a Forward P/E ratio of 52.44. This expresses a premium compared to the average Forward P/E of 28.03 of its industry. We can also see that AMD currently has a PEG ratio of 4.08. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Electronics - Semiconductors stocks are, on average, holding a PEG ratio of 4.09 based on yesterday's closing prices. The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 191, which puts it in the bottom 25% of all 250+ industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Advanced Micro Devices (AMD) ended the recent trading session at $140.15, demonstrating a +0.9% swing from the preceding day's closing price. We can also see that AMD currently has a PEG ratio of 4.08. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report To read this article on Zacks.com click here.

Advanced Micro Devices (AMD) ended the recent trading session at $140.15, demonstrating a +0.9% swing from the preceding day's closing price. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report To read this article on Zacks.com click here. We can also see that AMD currently has a PEG ratio of 4.08.

Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report To read this article on Zacks.com click here. Advanced Micro Devices (AMD) ended the recent trading session at $140.15, demonstrating a +0.9% swing from the preceding day's closing price. We can also see that AMD currently has a PEG ratio of 4.08.

Advanced Micro Devices (AMD) ended the recent trading session at $140.15, demonstrating a +0.9% swing from the preceding day's closing price. We can also see that AMD currently has a PEG ratio of 4.08. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report To read this article on Zacks.com click here.

170341.0

2023-12-19 00:00:00 UTC

Here are the Best-Performing Stocks of 2023

AMD

https://www.nasdaq.com/articles/here-are-the-best-performing-stocks-of-2023

Sometimes, it makes sense to bottom-fish for value stocks. Yet, looking ahead to the new year, investors might consider 2023's best-performing stocks. After all, whether it's irrational or not, big companies can get even bigger, and momentum stocks could continue to be huge winners in 2024. There's nothing wrong with small caps and over-the-counter (OTC) stocks, but I chose to apply a "go big or go home" standard to this top-performing stocks list. Consequently, I stuck to companies in the S&P 500 Index (SPX). As it turns out, the best performers of the year happen to be large- and mega-cap technology stocks. They're not all "Magnificent Seven" stocks, though, so be ready for some famous names but also some surprises. With the "bigger is better" principle in mind, here are the four top performers of 2023, all of which have rally-continuation potential: Nvidia (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Palo Alto Networks (NASDAQ:PANW), and Advanced Micro Devices (NASDAQ:AMD). Nvidia (NASDAQ:NVDA) If any theme dominated 2023, it was artificial intelligence (AI). Investors quickly figured out that there was a picks-and-shovels trade with Nvidia stock since generative AI applications are power-intensive, and Nvidia manufactures powerful AI processors that a wide range of technology companies can use. As we'll discuss in a moment, analysts are mostly bullish on Nvidia for the next 12 months. That's understandable since Nvidia has been beating Wall Street's quarterly consensus EPS estimates all year long. Can NVDA stock possibly move higher after this year's 250% rally? Bank of America (NYSE:BAC) analysts seem to think so, as they assigned a Buy rating and a $700 price target to Nvidia shares. They feel that it’s “early to predict a peak” in generative AI investments, so perhaps Nvidia can continue to grow along with this headline-grabbing technology market segment. What is the Price Target for NVDA Stock? On TipRanks, NVDA stock comes in as a Strong Buy based on 31 Buys and three Hold ratings in the past three months. The average Nvidia stock price target is $661.35, implying 33.3% upside potential. Meta Platforms (NASDAQ:META) A few years ago, Meta Platforms CEO Mark Zuckerberg went all in on the Metaverse and virtual reality (VR). Now, however, Meta Platforms is dealing with a decline in the VR market as well as pushback from some lawmakers. Nevertheless, Meta Platforms is thriving in 2023 because the company is a social media juggernaut. Along with the ever-popular Instagram, Facebook, and WhatsApp, Meta Platforms has the relatively new Threads micro-posting app, which is now expanding to European countries. Besides, META stock's 181% year-to-date gain is nothing to sneeze at. If Meta Platforms can continue its streak of quarterly EPS estimate beats into the new year, investors might count on Meta Platforms to keep on delivering superior results and share-price gains. What is the Price Target for META Stock? META is a Strong Buy, according to analysts, based on 36 Buys and one Hold rating in the past three months. The average Meta Platforms price target is $387.35, implying 10.6% upside potential. Palo Alto Networks (NASDAQ:PANW) The first two picks on this list were "Magnificent Seven" stocks, but the next two aren't. Indeed, this next huge 2023 gainer will probably surprise you: Palo Alto Networks stock. The cybersecurity software specialist is a favorite among analysts and has an absolutely stellar earnings-beat track record. An IBM (NYSE:IBM) report estimated that the “global average cost of a data breach in 2023 was $4.45 million.” That's a compelling reason for businesses to turn to Palo Alto Networks for cybersecurity software and services in 2024. With this in mind, analyst firms like Susquehanna and Mizuho are bullish on the cybersecurity market and on Palo Alto Networks as a major player in that field. Thus, Susquehanna initiated its coverage of Palo Alto Networks stock with a Positive (Buy-equivalent) rating and a price target of $400, while Mizuho reiterated its Buy rating and hiked its price target on the shares from $280 to $325. It seems entirely possible, then, that PANW stock can maintain its upward trajectory next year, even after rallying 123% in 2023 so far. What is the Price Target for PANW Stock? According to TipRanks’ analyst rating consensus, PANW is a Strong Buy, based on 29 Buys and five Hold ratings in the past three months. Still, the average Palo Alto Networks price target is $300.94, implying 2.5% downside potential. Advanced Micro Devices (NASDAQ:AMD) Here's another large-cap technology business that's not in the "Magnificent Seven" club but still deserves special attention. Advanced Micro Devices was actually the darling of the chipmaker market earlier this year before artificial intelligence and Nvidia captured Wall Street's attention. Yet, Advanced Micro Devices doesn't intend to let Nvidia dominate the market without any competition. Advanced Micro Devices' new lineup of MI300 microchip models is designed to take aim at Nvidia's best AI-compatible processors in the coming year. Like the other companies on this list, Advanced Micro Devices recently surpassed Wall Street's quarterly EPS estimates several times in a row. So, will AMD stock shoot for the moon even after running 119% higher year-to-date in 2023? There are no guarantees, but Advanced Micro Devices' relentless focus on AI processors should inspire confidence in this chipmaking contender. What is the Price Target for AMD Stock? On TipRanks, AMD stock comes in as a Strong Buy based on 26 Buys and eight Hold ratings in the past three months. Nonetheless, the average Advanced Micro Devices price target is $132.41, implying 5.5% downside potential. The Takeaway Now, you have an overview of a few of the top-performing stocks of 2023. Even staunch contrarians must admit that Nvidia, Meta Platforms, Palo Alto Networks, and Advanced Micro Devices have kept the bears and short sellers at bay in 2023. If the "bigger-is-better" principle continues to hold true in 2024, there's room for these companies to expand their horizons and generate robust revenue. Therefore, enterprising investors might want to give some or all of these tech-focused 2023 winners a try in the coming year. Disclosure The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

With the "bigger is better" principle in mind, here are the four top performers of 2023, all of which have rally-continuation potential: Nvidia (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Palo Alto Networks (NASDAQ:PANW), and Advanced Micro Devices (NASDAQ:AMD). Advanced Micro Devices (NASDAQ:AMD) Here's another large-cap technology business that's not in the "Magnificent Seven" club but still deserves special attention. So, will AMD stock shoot for the moon even after running 119% higher year-to-date in 2023?

With the "bigger is better" principle in mind, here are the four top performers of 2023, all of which have rally-continuation potential: Nvidia (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Palo Alto Networks (NASDAQ:PANW), and Advanced Micro Devices (NASDAQ:AMD). Advanced Micro Devices (NASDAQ:AMD) Here's another large-cap technology business that's not in the "Magnificent Seven" club but still deserves special attention. So, will AMD stock shoot for the moon even after running 119% higher year-to-date in 2023?

With the "bigger is better" principle in mind, here are the four top performers of 2023, all of which have rally-continuation potential: Nvidia (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Palo Alto Networks (NASDAQ:PANW), and Advanced Micro Devices (NASDAQ:AMD). Advanced Micro Devices (NASDAQ:AMD) Here's another large-cap technology business that's not in the "Magnificent Seven" club but still deserves special attention. So, will AMD stock shoot for the moon even after running 119% higher year-to-date in 2023?

With the "bigger is better" principle in mind, here are the four top performers of 2023, all of which have rally-continuation potential: Nvidia (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Palo Alto Networks (NASDAQ:PANW), and Advanced Micro Devices (NASDAQ:AMD). Advanced Micro Devices (NASDAQ:AMD) Here's another large-cap technology business that's not in the "Magnificent Seven" club but still deserves special attention. So, will AMD stock shoot for the moon even after running 119% higher year-to-date in 2023?

170342.0

2023-12-19 00:00:00 UTC

Nvidia Fires Back at AMD's AI Chip Claims -- What Investors Need to Know

AMD

https://www.nasdaq.com/articles/nvidia-fires-back-at-amds-ai-chip-claims-what-investors-need-to-know

At its recent AI event, Advanced Micro Devices (NASDAQ: AMD) fired shots and claimed supremacy in AI inference above AI system pioneer and leader Nvidia (NASDAQ: NVDA). AMD stock has been in rally mode as investors ratchet up their expectations in 2024 for the scrappy chip designer. Nvidia fired back, though, dousing AMD's claims with a full bucket of cold water. What are investors to make of these "AI chip supremacy" claims, and is there a simple way for investors to measure real AI business performance? Nvidia volleys, and AMD doubles down on claims In a previous article, I cited AMD's claim that its newest AI system, the upcoming MI300X, outperforms the competition in AI inference by 1.4x to 1.6x. AI inference is computing work after an AI model has been trained, and users begin using the model for answers to questions or performing some other task. AMD was specifically comparing the MI300X to Nvidia's DGX H100 system, which will be making way for the higher-performance DGX GH200 system later in 2024. That latest and greatest from Nvidia will likely turn the tables once again. But as for the MI300X versus H100 claims, Nvidia was quick to point out a few days later that AMD's performance benchmarks didn't utilize the H100 with Nvidia's proprietary-software stack running on it, which, by the way, is bundled with the H100 system for no additional cost (though the H100 does cost a premium) as much of Nvidia's software for its chips and systems usually is. Instead, AMD chose to use an H100 and MI300X both using open-source software as a comparison. At any rate, Nvidia claims that when benchmarked "properly," the H100 remains some 2x faster than the MI300X. Just to add to the intrigue, a couple of days after that, AMD doubled down on its benchmarking claims with some updates of its own. AMD continues to improve its own AI software stack, called ROCm, and it says further optimizations have made the MI300X even more appealing for AI inference versus the H100. Chart source: AMD. What is an investor to believe? All of these benchmarking claims in the AI race can be confusing or even downright meaningless for investors with minimal technical background in AI and computing system engineering. Is there an easier way to keep up? Lean heavily on financial results in the AI race. After all, what better metric could there be for the layperson than one following the purchasing decisions of the folks actually building AI infrastructure. Though it's early on in the global buildout of new AI infrastructure, Nvidia has already established itself as a leader, and it won't be all that easy for AMD (or even Intel (NASDAQ: INTC)) to simply catch up. COMPANY Q3 DATA CENTER AND AI SEGMENT REVENUE YOY INCREASE (DECREASE) Nvidia $14.5 billion 282% Intel $3.8 billion (10%) AMD $1.6 billion 0% Source: Nvidia, Intel, and AMD. Note: Intel and AMD data is for Q3 of fiscal 2023. Nvidia data is for Q3 of 2024, which ended October 2023. YOY = year over year. As for AMD, will 2024 be the year it can start to turn the tables on Nvidia's AI dominance? Perhaps, although the only specific guidance made public points to AI GPU (including the MI300X) revenue of "at least $2 billion" expected for 2024. That makes AI systems a hit for AMD, but it will still have plenty of gap to fill with Nvidia, as Nvidia also expects to continue growing its data center and AI business. AMD and Nvidia stocks both trade for a bit of a premium, using Wall Street analysts' early assumptions for what is expected to be a year of blistering earnings growth for both semiconductor companies. Nvidia trades for 25 times next year's consensus-earnings estimates, but AMD trades for nearly 37 times expected earnings. Given this situation, both stocks have a lot to gain over the next decade, but a premium price makes them dollar-cost-average candidates in my estimation. Should you invest $1,000 in Advanced Micro Devices right now? Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Advanced Micro Devices wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Nicholas Rossolillo and his clients have positions in Advanced Micro Devices and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Though it's early on in the global buildout of new AI infrastructure, Nvidia has already established itself as a leader, and it won't be all that easy for AMD (or even Intel (NASDAQ: INTC)) to simply catch up. AMD and Nvidia stocks both trade for a bit of a premium, using Wall Street analysts' early assumptions for what is expected to be a year of blistering earnings growth for both semiconductor companies. At its recent AI event, Advanced Micro Devices (NASDAQ: AMD) fired shots and claimed supremacy in AI inference above AI system pioneer and leader Nvidia (NASDAQ: NVDA).

At its recent AI event, Advanced Micro Devices (NASDAQ: AMD) fired shots and claimed supremacy in AI inference above AI system pioneer and leader Nvidia (NASDAQ: NVDA). AMD stock has been in rally mode as investors ratchet up their expectations in 2024 for the scrappy chip designer. Nvidia fired back, though, dousing AMD's claims with a full bucket of cold water.

At its recent AI event, Advanced Micro Devices (NASDAQ: AMD) fired shots and claimed supremacy in AI inference above AI system pioneer and leader Nvidia (NASDAQ: NVDA). Nvidia volleys, and AMD doubles down on claims In a previous article, I cited AMD's claim that its newest AI system, the upcoming MI300X, outperforms the competition in AI inference by 1.4x to 1.6x. But as for the MI300X versus H100 claims, Nvidia was quick to point out a few days later that AMD's performance benchmarks didn't utilize the H100 with Nvidia's proprietary-software stack running on it, which, by the way, is bundled with the H100 system for no additional cost (though the H100 does cost a premium) as much of Nvidia's software for its chips and systems usually is.

At its recent AI event, Advanced Micro Devices (NASDAQ: AMD) fired shots and claimed supremacy in AI inference above AI system pioneer and leader Nvidia (NASDAQ: NVDA). $1.6 billion 0% Source: Nvidia, Intel, and AMD. AMD stock has been in rally mode as investors ratchet up their expectations in 2024 for the scrappy chip designer.

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2023-12-20 00:00:00 UTC

AMD Stock Hits 52-Week High: Time to Buy or Exercise Caution?

AMD

https://www.nasdaq.com/articles/amd-stock-hits-52-week-high%3A-time-to-buy-or-exercise-caution

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Advanced Micro Devices (NASDAQ:AMD) stock has been on a tear thus far in December. After making a relatively big move during November it continues its assent. As a result, this AI chip contender has hit a new 52-week high. To many, it may seem as if shares could keep rallying, with the stock re-hitting its all-time high water mark, which was last hit back during the 2021 bull market. Then again, maybe not. AI-related news has played a role in AMD’s continued run-up, but this hasn’t been the only factor at play. The impact of this more macro-related catalyst may prove short-lived. As I’ll explain below, this, plus existing risks related to the AI catalysts, underscore the need to exercise caution with this stock right now. AMD Stock December Rally: Not Just Due to AI Chip News Look at a stock chart, and it’s clear that the launch of the company’s MI300 data center GPU accelerator at its “Advancing AI” event on Dec. 6 was what kicked off this latest rally for Advanced Micro Devices shares. However, as hinted above, there has also been a macro-related development that has provided additional runway for the December AMD stock rally. That would be the latest news on Federal Reserve interest rate policy. As you likely heard, the Fed is done with rate hikes. The chances of significant interest rate cuts in the coming year have gone up substantially. This bodes well for all growth stocks. Valued more heavily on future results, lower interest rates help to raise their present value in the eyes of investors. However, while the prospect of lower rates helps to justify premium valuations for high-growth stocks, confidence that this will happen could easily snap back. That would be bad news for AMD investors. Not only that, it’s possible that the market has overreacted too positively to the latest AI-related news. Despite being a top AI contender, Advanced Micro Devices still has much to prove. Two Reasons Why Shares Could Correct/Pull Back While only starting to take shape, it’s not as if investors have yet to price in the company’s AI catalysts into the price of AMD stock. After all, shares have more than doubled since the start of the year. Following the many rallies, Advanced Micro Devices needs to meet, if not beat, current growth expectations for 2024, which include a forecasted 45.3% jump in earnings. However, as I’ve pointed out before, it may take more than just the launch of MI300 for this to happen. Demand for non-AI products or the launch of new AI products is crucial to meet expectations. The stock, trading for 52.3 times forward earnings, trades at a premium to main competitor Nvidia (NASDAQ:NVDA), which trades for 40.7 times forward earnings. This valuation premium is due to the assumption that, just like with Nvidia in 2023, AMD will have its own “year of AI” in 2024. If this fails to occur, shares are vulnerable to a correction. Before AMD’s potential disappointing results, the next interest rate catalyst could cause a downward move. Bottom Line: Tread Even More Carefully Than Before Last week’s Fed interest rate news, plus subsequent developments, strongly suggest 2024 will bring interest rates cuts. These could potentially move stocks fully back into bull market mode. Lower interest rates may finally bring an end to the slowdown in tech demand that has persisted since 2022. Still, while lower rates may ultimately arrive within the next twelve months, another round of fear, uncertainty, and doubt related to elevated interest rates persisting through next year could always emerge. This could cause AMD to cough back its rate cut-related gains, and then some. Add in the risk shares temporarily sink on near-term disappointment about AI growth, and it’s wise to tread even more carefully than before with AMD stock. Feel free to hold on, if you currently own it, but now is not an opportune time to enter/add to a position. AMD stock earns a B rating in Portfolio Grader. On the date of publication, Louis Navellier had a long position in NVDA. Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article. The InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Thomas Niel, contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016. More From InvestorPlace Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post AMD Stock Hits 52-Week High: Time to Buy or Exercise Caution? appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Add in the risk shares temporarily sink on near-term disappointment about AI growth, and it’s wise to tread even more carefully than before with AMD stock. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post AMD Stock Hits 52-Week High: Time to Buy or Exercise Caution? InvestorPlace - Stock Market News, Stock Advice & Trading Tips Advanced Micro Devices (NASDAQ:AMD) stock has been on a tear thus far in December.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Advanced Micro Devices (NASDAQ:AMD) stock has been on a tear thus far in December. AI-related news has played a role in AMD’s continued run-up, but this hasn’t been the only factor at play. AMD Stock December Rally: Not Just Due to AI Chip News Look at a stock chart, and it’s clear that the launch of the company’s MI300 data center GPU accelerator at its “Advancing AI” event on Dec. 6 was what kicked off this latest rally for Advanced Micro Devices shares.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Advanced Micro Devices (NASDAQ:AMD) stock has been on a tear thus far in December. AMD Stock December Rally: Not Just Due to AI Chip News Look at a stock chart, and it’s clear that the launch of the company’s MI300 data center GPU accelerator at its “Advancing AI” event on Dec. 6 was what kicked off this latest rally for Advanced Micro Devices shares. Two Reasons Why Shares Could Correct/Pull Back While only starting to take shape, it’s not as if investors have yet to price in the company’s AI catalysts into the price of AMD stock.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Advanced Micro Devices (NASDAQ:AMD) stock has been on a tear thus far in December. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post AMD Stock Hits 52-Week High: Time to Buy or Exercise Caution? AI-related news has played a role in AMD’s continued run-up, but this hasn’t been the only factor at play.

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2023-12-20 00:00:00 UTC

Window Dressing Winners: 3 Portfolio Gems Poised for a December Boost

AMD

https://www.nasdaq.com/articles/window-dressing-winners%3A-3-portfolio-gems-poised-for-a-december-boost

InvestorPlace - Stock Market News, Stock Advice & Trading Tips “Window dressing” is when portfolio managers adjust their holdings at the end of the year to create a more favorable impression. For this practice, savvy investors have a profound influence emanating from three tech stocks for a December rally. As the year draws close, market participants keenly observe these companies’ strategic moves, financial reports and growth trajectories, seeking cues for potential market gains. This article delves into the financial maneuvering and strategic positioning that underpin the tech industry’s titans, shedding light on the fundamental relevance of these stocks for a December rally. Meta (META) Source: Ascannio / Shutterstock.com Meta’s (NASDAQ:META) delivers impressively solid performance. For instance, Q3 2023 total revenue marked a 23% year-over-year increase. Specifically, this is primarily driven by a 24% surge in Family of Apps ad revenue. There is consistent growth in ad revenue, especially within the online commerce vertical, highlighting Meta’s effectiveness in monetizing its massive user base. Despite substantial revenue growth, Meta managed its expenses effectively. Thus, the company maintains total quarterly expenses with a 7% year-over-year decrease. This adept expense management resulted in a commendable 40% operating margin. On the other hand, Meta’s focus and planned investment in AI for the upcoming year demonstrate its focus on technological innovation. Also, the company’s emphasis on AI development in engineering and computing resources aligns with its vision of integrating AI across its ecosystem of apps and services. Fundamentally, there is a diversified application of AI across various domains. This includes consumer AI experiences, the AI Studio platform, business AIs for sales and support and creator AIs. These applications highlight Meta’s intention to leverage AI in different facets of its business. Therefore, this diversification signifies a strategic approach to harnessing AI’s potential for enhancing user experiences, enabling creators and driving business growth. Finally, the company’s development efforts in software for the metaverse, including Horizon and avatars, underline its comprehensive approach toward building immersive experiences across various devices. These software initiatives signify Meta’s orientation toward creating a cohesive and engaging metaverse environment. Therefore, the technological advancements, equipped with Meta AI integration, position Meta as a frontrunner in stocks for a December rally. Tesla (TSLA) Source: Arina P Habich / Shutterstock.com Tesla’s (NASDAQ:TSLA) expansion into energy storage solutions represents a strategic diversification beyond EVs. The company’s significant deployment of energy storage products and the increasing profitability of this division highlight a lucrative avenue for Tesla’s sustained growth. In detail, the deployment of 4 gigawatt hours of energy storage products in Q3 2023 marks a substantial fundamental development. This milestone emphasizes Tesla’s capability to scale up energy storage solutions. The objective is to cater to the growing demand for renewable energy storage, grid stabilization and backup power systems. Also, the transition of the energy division to becoming Tesla’s highest-margin business indicates this segment’s profitability and potential future growth. As Tesla focuses on scaling up its energy-related offerings, the division’s financial contributions are poised to become even more significant, complementing the revenue generated from vehicle sales and services. In its vision, Tesla’s strategic emphasis on its energy division aligns with its goal of sustainability and a clean energy future. Finally, Tesla’s ability to reduce the cost per vehicle to approximately $37,500, despite planned factory downtimes, reflects the company’s efficiency improvements and operational resilience. The sequential decreases in material and freight expenses demonstrate Tesla’s move to managing operational expenses. Hence, these cost-saving measures are pivotal in maintaining profitability, especially during economic uncertainty and shifting market dynamics. AMD (AMD) Source: JHVEPhoto / Shutterstock.com AMD (NASDAQ:AMD) has a progressive outlook. For Q4 2023, it projects revenue to reach approximately $6.1 billion, with a potential variation of plus or minus $300 million, a year-over-year increase of approximately 9% and sequential growth of 5%. These expectations indicate a strong performance for the data center segment. During Q3 2023, AMD’s Client segment experienced substantial growth, as evidenced by a 42% year-over-year increase and a 46% sequential rise. This optimism stems from the anticipated success of Ryzen mobile processors and ongoing improvements in the PC market, reinforcing the segment’s positive outlook. Looking beyond the immediate quarter, AMD is focused on strategic growth initiatives that transcend short-term fluctuations. The company aims to harness opportunities and drive sustainable growth across segments. There is a robust performance in the data center segment, especially with the AI-accelerated MI300 GPU, suggesting a pivotal growth engine for AMD. The expectation of exceeding $2 billion in 2024 for data center GPU indicates rapid growth. Overall, initial revenues are projected to come primarily from high-performance computing (HPC). This is followed by a shift predominantly to AI workloads. Therefore, this demonstrates AMD’s focus on capturing diverse markets and applications within the Data Center GPU segment. As of this writing, Yiannis Zourmpanos held a long position in META. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Window Dressing Winners: 3 Portfolio Gems Poised for a December Boost appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source: JHVEPhoto / Shutterstock.com AMD (NASDAQ:AMD) has a progressive outlook. During Q3 2023, AMD’s Client segment experienced substantial growth, as evidenced by a 42% year-over-year increase and a 46% sequential rise. Looking beyond the immediate quarter, AMD is focused on strategic growth initiatives that transcend short-term fluctuations.

Source: JHVEPhoto / Shutterstock.com AMD (NASDAQ:AMD) has a progressive outlook. During Q3 2023, AMD’s Client segment experienced substantial growth, as evidenced by a 42% year-over-year increase and a 46% sequential rise. Looking beyond the immediate quarter, AMD is focused on strategic growth initiatives that transcend short-term fluctuations.

Source: JHVEPhoto / Shutterstock.com AMD (NASDAQ:AMD) has a progressive outlook. During Q3 2023, AMD’s Client segment experienced substantial growth, as evidenced by a 42% year-over-year increase and a 46% sequential rise. Looking beyond the immediate quarter, AMD is focused on strategic growth initiatives that transcend short-term fluctuations.

Source: JHVEPhoto / Shutterstock.com AMD (NASDAQ:AMD) has a progressive outlook. During Q3 2023, AMD’s Client segment experienced substantial growth, as evidenced by a 42% year-over-year increase and a 46% sequential rise. Looking beyond the immediate quarter, AMD is focused on strategic growth initiatives that transcend short-term fluctuations.

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2023-12-20 00:00:00 UTC

3 Machine Learning Stocks You’ll Regret Not Buying Soon: December Edition

AMD

https://www.nasdaq.com/articles/3-machine-learning-stocks-youll-regret-not-buying-soon%3A-december-edition

InvestorPlace - Stock Market News, Stock Advice & Trading Tips When discussing the current top technology stocks, artificial intelligence and machine learning often get used interchangeably. They are closely related, but should be considered as two distinct technologies. Machine learning is primarily concerned with the algorithms and statistical model development required for AI to function. In other words, machine learning is necessary for artificial intelligence. Stocks related to both fields have exploded in 2023 producing very strong returns. 2024 looks to possess similarly strong potential. Thus, investors are considering which machine learning and AI shares they ought to be picking up as December winds down. Investors should stick with what has worked in 2023 while also directing capital toward some more speculative plays in the sector. Here are three of the top machine learning stocks to start off 2024 on a good foot. Amazon (AMZN) Source: Tada Images / Shutterstock.com Amazon (NASDAQ:AMZN) is the leading cloud provider. That makes the company and its stock almost impossible to ignore in relation to machine learning. Amazon has worked diligently to build out a platform that attracts businesses for the purposes of machine learning. The company has created a workflow pipeline to onboard businesses of all sizes, leveraging the AWS cloud in order to build AI models. As I mentioned, Amazon has the largest cloud platform with more than 100,000 partners utilizing AWS. It is therefore reasonable to assume that the data contained within Amazon’s cloud contains vast, vast insights. Machine learning can theoretically be applied in ways that will allow its partners to mine that data for the purposes of AI. That’s how I look at Amazon in relation to machine learning as 2023 comes to an end. Further, simply consider the stock for no other reason than the fact that this is expected to be a strong holiday shopping season and Amazon is the e-commerce king. Nvidia (NVDA) Source: Shutterstock Let’s start with what Nvidia (NASDAQ:NVDA) actually does in the realm of machine learning. Investors are well aware of how important Nvidia is to the continued growth of AI. That doesn’t look to be slowing down as we prepare for 2024. However, that doesn’t mean they necessarily understand what the company is doing in regard to machine learning. Nvidia’s machine learning ecosystem is defined by RAPIDS and CUDA. They are respectively a series of open source api and development architecture that allow businesses to build AI models. Nvidia utilizes those assets across its machine learning platform for businesses of all sizes. As the company notes, whether a business is developing an AI system from scratch or updating a current platform, it’s machine learning is applicable. Nvidia is also noted to have the best talent at its firm. So, whether it is leveraging that talent to create next generation chips, or to improve its machine learning algorithms, the company has an edge. Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD) is engaged in a pitched battle against Nvidia in relation to AI and machine learning. Those who follow the twists and turns of the saga will know that it’s very difficult to get an accurate reading on the reality of the situation. It’s very easy to find opinions stating that AMD has no chance at this point. The notion is that Nvidia is simply too strong and will only get stronger. when you realize how strong demand has been for its H100 chips, it becomes easy to fall in line with that thinking. However, the truth is more nuanced and only time will tell which firm, if either, will dominate. AMD recently unveiled its MI300 chips. Leading firms including Meta (NASDAQ:META) and Microsoft (NASDAQ:MSFT), which gobbled up large percentages of Nvidia’s H100 chips, have now said they will buy AMD’s new offering. The battle is only beginning between AMD and Nvidia, and AMD has a strong, strong chance of succeeding. On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Machine Learning Stocks You’ll Regret Not Buying Soon: December Edition appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD) is engaged in a pitched battle against Nvidia in relation to AI and machine learning. It’s very easy to find opinions stating that AMD has no chance at this point. AMD recently unveiled its MI300 chips.

Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD) is engaged in a pitched battle against Nvidia in relation to AI and machine learning. It’s very easy to find opinions stating that AMD has no chance at this point. AMD recently unveiled its MI300 chips.

Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD) is engaged in a pitched battle against Nvidia in relation to AI and machine learning. It’s very easy to find opinions stating that AMD has no chance at this point. AMD recently unveiled its MI300 chips.

The battle is only beginning between AMD and Nvidia, and AMD has a strong, strong chance of succeeding. Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD) is engaged in a pitched battle against Nvidia in relation to AI and machine learning. It’s very easy to find opinions stating that AMD has no chance at this point.

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2023-12-20 00:00:00 UTC

3 AI Stocks You’ll Regret Not Buying Soon: December Edition

AMD

https://www.nasdaq.com/articles/3-ai-stocks-youll-regret-not-buying-soon%3A-december-edition

InvestorPlace - Stock Market News, Stock Advice & Trading Tips The year 2023 defined by artificial intelligence. advances in the technology have resulted in excitement across the stock market that has propelled many shares much, much higher. As exciting as 2023 has been in that regard, 2024 looks like it could be even more so. Thus, these are the AI stocks to end you’ll regret not buying soon. Goldman Sachs believes that artificial intelligence will continue to evolve and move from a phase it characterizes as ‘excitement’ into a new phase marked by deployment. I believe, along with many others, that the artificial intelligence sector will continue to be dominated by a few firms in 2024. That isn’t expected to change but growth is expected to continue and that should catalyze further investments therein at this point. Nvidia (NVDA) Source: Poetra.RH / Shutterstock.com Nvidia (NASDAQ:NVDA) Is going to continue to be the most highly regarded AI stock in 2024. The company produces the most powerful chips for applications across the AI field that are, simply put, the best. Nvidia knows it, the stock market knows it, and the companies that purchase Nvidia chips also know it. The result has been that companies across every industry have scrambled to secure Nvidia chips while the company can easily sell them for prices that boast an average price of $30,000. Investors should buy Nvidia because its H100 chips are the industry standard. Whether it’s for the purpose of training large language models, application in data centers, or any other application, they’re the best. Other firms are scrambling to improve on those chips but the H100 chip should continue to dominate. Beyond that, and video also recently announced the release of its H200 chip. The current consensus is that they will be the best chips for things like Edge computing, iot, and all other things artificial intelligence. That strongly suggests that Nvidia is going to continue to make just as much sense in 2024 as it did in 2023. In short, invest. AMD (AMD) Source: JHVEPhoto / Shutterstock.com AMD (NASDAQ:AMD) Is usually the second name that you’ll hear in connection with AI stocks in relation to the chip sector. the company continues to play second fiddle to Nvidia and test after Test shows that it simply isn’t quite as technologically advanced as Nvidia chipwise. yet at the same time, AMD is doing a lot that is noteworthy which has also propelled that shares higher of late. Most of that progress relates to its MI300 chips. Some analysts have suggested that those chips aren’t particularly important and don’t pose a threat to Nvidia’s dominance. However, the reaction of leading firms That account for major purchases of those ships suggests otherwise. Many of the largest firms across Silicon Valley have already stated that they will purchase amd’s m1300 chips as an alternative to Nvidia’s h100 chips. It’s a strong signal that those firms believe that amd’s offering is a strong alternative. Further, it’s also a strong signal that those same firms are bristling at what many believe are exorbitantly priced h100 chips. Overall, it’s a great signal for those who are considering buying AMD shares in December and beyond. Microsoft (MSFT) Source: Ascannio / Shutterstock.com Microsoft (NASDAQ:MSFT) Was one of the clearest winners throughout 2023 as artificial intelligence became reality. The company developed a strong early lead among Silicon Valley firms due to its large investment in OpenAI. Microsoft is a massive company that engages in a wide variety of businesses and so it’s not easy to say that it strictly uses artificial intelligence for one application. it doesn’t. However, it’s abundantly evident that Microsoft’s application of artificial intelligence to its dominant products and services will only make them more so. Take for example, Copilot. Co-pilot is the application of artificial intelligence to the company’s leading productivity Suite that includes Excel, Powerpoint, Word and Teams. My colleague, Charles Munyi, recently pointed out a few important statistics in that regard. More than 40% of Fortune 100 firms are currently using Copilot. That’s a strong indication that Microsoft has yet again corner to market. further, Satya Nadella is on record stating that he expects Microsoft’s The revenues to double by 2030 potentially reaching the $500 billion mark. Clearly, Microsoft and the rest we mentioned all make up the AI stocks to end you’ll regret not buying soon. On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 AI Stocks You’ll Regret Not Buying Soon: December Edition appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source: JHVEPhoto / Shutterstock.com AMD (NASDAQ:AMD) Is usually the second name that you’ll hear in connection with AI stocks in relation to the chip sector. yet at the same time, AMD is doing a lot that is noteworthy which has also propelled that shares higher of late. Many of the largest firms across Silicon Valley have already stated that they will purchase amd’s m1300 chips as an alternative to Nvidia’s h100 chips.

Many of the largest firms across Silicon Valley have already stated that they will purchase amd’s m1300 chips as an alternative to Nvidia’s h100 chips. Source: JHVEPhoto / Shutterstock.com AMD (NASDAQ:AMD) Is usually the second name that you’ll hear in connection with AI stocks in relation to the chip sector. yet at the same time, AMD is doing a lot that is noteworthy which has also propelled that shares higher of late.

Many of the largest firms across Silicon Valley have already stated that they will purchase amd’s m1300 chips as an alternative to Nvidia’s h100 chips. Source: JHVEPhoto / Shutterstock.com AMD (NASDAQ:AMD) Is usually the second name that you’ll hear in connection with AI stocks in relation to the chip sector. yet at the same time, AMD is doing a lot that is noteworthy which has also propelled that shares higher of late.

Source: JHVEPhoto / Shutterstock.com AMD (NASDAQ:AMD) Is usually the second name that you’ll hear in connection with AI stocks in relation to the chip sector. yet at the same time, AMD is doing a lot that is noteworthy which has also propelled that shares higher of late. Many of the largest firms across Silicon Valley have already stated that they will purchase amd’s m1300 chips as an alternative to Nvidia’s h100 chips.

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2023-12-20 00:00:00 UTC

AAPL, AMD, or AMZN: Which “Strong Buy” Tech Stock Could Offer the Highest Upside?

AMD

https://www.nasdaq.com/articles/aapl-amd-or-amzn%3A-which-strong-buy-tech-stock-could-offer-the-highest-upside

Despite the ongoing macro uncertainty, several tech stocks had a strong run this year due to generative artificial intelligence (AI)-related tailwinds, expectations of interest rate cuts, and company-specific strengths. However, many investors wonder if there is more room to run. Using TipRanks’ Stock Comparison Tool, we placed Apple (NASDAQ:AAPL), Advanced Micro Devices (NASDAQ:AMD), and Amazon (NASDAQ:AMZN) against each other to pick the most attractive tech stock as per Wall Street analysts. Apple Stock (NASDAQ:AAPL) Apple reported better-than-expected earnings for the fiscal fourth quarter (September quarter) last month despite its overall revenue declining for the fourth consecutive quarter. Consumer spending on big-ticket discretionary items, like Apple’s products, has been hit by macro pressures. In the September quarter, the company’s overall revenue declined 1% to $89.5 billion, as higher iPhone sales and Services revenue were offset by a decline in Mac and iPad sales. Aside from macro pressures, there are also concerns about the impact of China’s iPhone ban across government agencies and the loss of a patent infringement suit related to Apple Watch. Nonetheless, most Wall Street analysts have a bullish long-term sentiment about Apple. Is Apple Stock a Good Buy Now? On December 14, Citigroup analyst Atif Malik reiterated a Buy rating on AAPL stock with a price target of $230. The analyst expects earnings growth of 14% and free cash flow growth of 11% in 2014, fueled by continued gross margin expansion. Malik contends that bears on the stock are missing Apple’s structural gross margin improvement, which is driven by iPhone premiumization, acceleration in Services revenue, and the favorable impact of silicon insourcing. The analyst expects these trends to continue in 2024 and sees AI phones and Vision Pro adoption as potential upside catalysts. Overall, Wall Street has a Strong Buy consensus rating on AAPL stock based on 24 Buys and eight Holds. The AAPL average price target of $202.40 implies 2.8% upside potential. Shares have advanced over 51% year-to-date. Advanced Micro Devices Stock (NASDAQ:AMD) While Nvidia (NASDAQ:NVDA) has grabbed the limelight this year due to the tremendous demand for its graphics processing units (GPUs) in building and training generative AI models, AMD is gearing up to catch up. The company expects its recently launched MI300 series to compete with Nvidia’s AI processors. AMD estimates its GPU revenue to surpass $2 billion in 2024. The company’s 2024 revenue is also expected to gain from a recovery in the demand for its products catering to the PC market. What is the Price Target of AMD? Last week, Bank of America analyst Vivek Arya upgraded AMD stock from Hold to Buy and increased the price target to $165 from $135. The analyst explained that his previous concerns about Embedded (FPGA) and Gaming (consoles) corrections have now “generally materialized,” with rapidly growing opportunities in data center GPUs/accelerators indicating upside to medium-term sales outlook. While the analyst continues to view Nvidia as his top compute and AI pick, he believes that AI or generative AI is a multi-year phenomenon and presents opportunities for many chip companies. He thinks that AMD is well-positioned to gain an incremental share of the hugely profitable $100 billion-plus accelerator market while continuing to advance in the server CPU market. With 26 Buys and eight Holds, Advanced Micro Devices stock earns Wall Street’s Strong Buy consensus rating. Shares have rallied more than 116% year-to-date. At $132.41, the AMD average price target implies a possible downside of 5.5% from current levels. Amazon Stock (NASDAQ:AMZN) Amazon shares have jumped 83% so far this year, reflecting the e-commerce and cloud computing giant’s strong execution and improved profitability due to cost reduction measures. In particular, the company’s third-quarter revenue grew 13%, driven by strength in the retail segment and Amazon Web Services (AWS) cloud computing business. The momentum in Amazon’s retail business is expected to continue in the crucial holiday quarter. Also, the company’s AWS segment is well-positioned to gain from its investments in generative AI. Further, Amazon’s advertising business, which grew 25% in Q3 2023, is being considered as one of the key growth drivers for the company. Is Amazon a Buy, Hold, or Sell? On Monday, Roth MKM analyst Rohit Kulkarni reiterated a Buy rating on the stock and raised his price target from $165 to $180. The analyst called AMZN his mega-cap pick for 2024, followed by social media behemoth Meta Platforms (NASDAQ:META) and search engine giant Google’s parent Alphabet (NASDAQ:GOOGL). Kulkarni stated that Amazon is the only mega-cap stock for which he expects an accelerating top line and expanding operating margin in 2024. He believes that the Street’s consensus estimate continues to underestimate the potential acceleration in Amazon’s 2024 and 2025 free cash flow. He expects the company’s FCF to benefit from improving fundamentals and declining capital expenditure. Amazon scores Wall Street’s Strong Buy consensus rating based on 42 unanimous Buys. The average price target of $178.66 implies about 15.6% upside potential. Conclusion Analysts are bullish on all three tech stocks discussed here based on their solid fundamentals, strong execution, and attractive long-term growth potential. That said, they see a higher upside in Amazon than the other two stocks, supported by the strength in its e-commerce and cloud computing businesses and the rapidly growing ad revenues. Disclosure The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Using TipRanks’ Stock Comparison Tool, we placed Apple (NASDAQ:AAPL), Advanced Micro Devices (NASDAQ:AMD), and Amazon (NASDAQ:AMZN) against each other to pick the most attractive tech stock as per Wall Street analysts. Advanced Micro Devices Stock (NASDAQ:AMD) While Nvidia (NASDAQ:NVDA) has grabbed the limelight this year due to the tremendous demand for its graphics processing units (GPUs) in building and training generative AI models, AMD is gearing up to catch up. AMD estimates its GPU revenue to surpass $2 billion in 2024.

Using TipRanks’ Stock Comparison Tool, we placed Apple (NASDAQ:AAPL), Advanced Micro Devices (NASDAQ:AMD), and Amazon (NASDAQ:AMZN) against each other to pick the most attractive tech stock as per Wall Street analysts. Advanced Micro Devices Stock (NASDAQ:AMD) While Nvidia (NASDAQ:NVDA) has grabbed the limelight this year due to the tremendous demand for its graphics processing units (GPUs) in building and training generative AI models, AMD is gearing up to catch up. AMD estimates its GPU revenue to surpass $2 billion in 2024.

Using TipRanks’ Stock Comparison Tool, we placed Apple (NASDAQ:AAPL), Advanced Micro Devices (NASDAQ:AMD), and Amazon (NASDAQ:AMZN) against each other to pick the most attractive tech stock as per Wall Street analysts. Advanced Micro Devices Stock (NASDAQ:AMD) While Nvidia (NASDAQ:NVDA) has grabbed the limelight this year due to the tremendous demand for its graphics processing units (GPUs) in building and training generative AI models, AMD is gearing up to catch up. AMD estimates its GPU revenue to surpass $2 billion in 2024.

Using TipRanks’ Stock Comparison Tool, we placed Apple (NASDAQ:AAPL), Advanced Micro Devices (NASDAQ:AMD), and Amazon (NASDAQ:AMZN) against each other to pick the most attractive tech stock as per Wall Street analysts. Advanced Micro Devices Stock (NASDAQ:AMD) While Nvidia (NASDAQ:NVDA) has grabbed the limelight this year due to the tremendous demand for its graphics processing units (GPUs) in building and training generative AI models, AMD is gearing up to catch up. AMD estimates its GPU revenue to surpass $2 billion in 2024.

170324.0

2023-12-21 00:00:00 UTC

Guru Fundamental Report for AMD

AMD

https://www.nasdaq.com/articles/guru-fundamental-report-for-amd-59

Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum. ADVANCED MICRO DEVICES, INC. (AMD) is a large-cap growth stock in the Semiconductors industry. The rating using this strategy is 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. FUNDAMENTAL MOMENTUM: PASS TWELVE MINUS ONE MOMENTUM: PASS FINAL RANK: PASS Detailed Analysis of ADVANCED MICRO DEVICES, INC. AMD Guru Analysis AMD Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance. Additional Research Links Top NASDAQ 100 Stocks Top Technology Stocks Top Large-Cap Growth Stocks High Momentum Stocks High Insider Ownership Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). ADVANCED MICRO DEVICES, INC. (AMD) is a large-cap growth stock in the Semiconductors industry. Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.

Detailed Analysis of ADVANCED MICRO DEVICES, INC. AMD Guru Analysis AMD Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.

Detailed Analysis of ADVANCED MICRO DEVICES, INC. AMD Guru Analysis AMD Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.

Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). ADVANCED MICRO DEVICES, INC. (AMD) is a large-cap growth stock in the Semiconductors industry.

170325.0

2023-12-21 00:00:00 UTC

US STOCKS-Wall St eyes higher open after broad sell-off; Micron shines

AMD

https://www.nasdaq.com/articles/us-stocks-wall-st-eyes-higher-open-after-broad-sell-off-micron-shines

By Johann M Cherian and Shristi Achar A Dec 21 (Reuters) - U.S. stocks were set for a higher open on Thursday, recovering from a broad sell-off on Wall Street in the prior session as investors clung to hopes of borrowing costs easing next year, while chipmaker Micron advanced after delivering an upbeat forecast. The three main indexes ended the previous session lower, with the benchmark S&P 500 .SPX notching its worst day since late September following a recent rally that saw the index within a percentage of its record closing high hit in early 2022. Reaching a new closing high would confirm the benchmark index had been in a bull market since closing at the bear market floor in October 2022. Investors also digested the Labor Department report, which showed claims for state unemployment benefits stood at 205,000 for the week ended Dec. 16, lower than estimates of 215,000 per economists polled by Reuters. This compares to claims of the revised 203,000 in the prior week. Another report showed the final gross domestic product (GDP) estimate for the third quarter stood at 4.9%, compared with previous estimates of 5.2%. "It's a mixed bag of macro data and points to weaker economic activity ahead," said Peter Cardillo, chief market economist at Spartan Capital Securities. "Markets are going high because yields are coming down, but yields are coming down because the market is expecting really weak economic activity next year and that the Fed will cut interest rates." Yields on the benchmark 10-year U.S. treasury note US10YT=RRmoved lower to 3.8379% from multi-year highs it scaled in October. US/ Meanwhile, Micron TechnologyMU.O forecast quarterly revenue above market estimates, and its shares jumped 7.7% before the bell on signs of a memory chip recovery in 2024 after one of the most significant downturns in years. Other chip makers like Nvidia NVDA.O and Advanced Micro Devices AMD.O added over 1.5% each. At 8:43 a.m. ET, Dow e-minis 1YMcv1 were up 277 points, or 0.74%, S&P 500 e-minis EScv1 were up 42.75 points, or 0.9%, and Nasdaq 100 e-minis NQcv1 were up 194.5 points, or 1.16%. BoeingBA.N climbed 1.8% as the planemaker is set to restart deliveries of its 787 Dreamliner to China within days, a source told Reuters, a step that could pave the way for China to also end a more than four-year freeze on deliveries of Boeing's profit-making 737 MAX. U.S. electric vehicle makers like Tesla TSLA.O, Nikola NKLA.O and Lucid Group <LCID.O> added between 1.8% and 4.5% after a report said the United States was considering tariff hikes on Chinese EV manufacturers. U.S.-listed shares of BlackBerryBB.NBB.TO slid 3.7% after the Canadian technology firm forecast fourth-quarter revenue below analysts' expectations. (Reporting by Johann M Cherian and Shristi Achar A in Bengaluru; Editing by Maju Samuel) ((johann.mcherian@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other chip makers like Nvidia NVDA.O and Advanced Micro Devices AMD.O added over 1.5% each. By Johann M Cherian and Shristi Achar A Dec 21 (Reuters) - U.S. stocks were set for a higher open on Thursday, recovering from a broad sell-off on Wall Street in the prior session as investors clung to hopes of borrowing costs easing next year, while chipmaker Micron advanced after delivering an upbeat forecast. Investors also digested the Labor Department report, which showed claims for state unemployment benefits stood at 205,000 for the week ended Dec. 16, lower than estimates of 215,000 per economists polled by Reuters.

Other chip makers like Nvidia NVDA.O and Advanced Micro Devices AMD.O added over 1.5% each. Investors also digested the Labor Department report, which showed claims for state unemployment benefits stood at 205,000 for the week ended Dec. 16, lower than estimates of 215,000 per economists polled by Reuters. "Markets are going high because yields are coming down, but yields are coming down because the market is expecting really weak economic activity next year and that the Fed will cut interest rates."

Other chip makers like Nvidia NVDA.O and Advanced Micro Devices AMD.O added over 1.5% each. By Johann M Cherian and Shristi Achar A Dec 21 (Reuters) - U.S. stocks were set for a higher open on Thursday, recovering from a broad sell-off on Wall Street in the prior session as investors clung to hopes of borrowing costs easing next year, while chipmaker Micron advanced after delivering an upbeat forecast. Investors also digested the Labor Department report, which showed claims for state unemployment benefits stood at 205,000 for the week ended Dec. 16, lower than estimates of 215,000 per economists polled by Reuters.

Other chip makers like Nvidia NVDA.O and Advanced Micro Devices AMD.O added over 1.5% each. Reaching a new closing high would confirm the benchmark index had been in a bull market since closing at the bear market floor in October 2022. Another report showed the final gross domestic product (GDP) estimate for the third quarter stood at 4.9%, compared with previous estimates of 5.2%.

170326.0

2023-12-21 00:00:00 UTC

Micron shares jump on forecast for quicker recovery in chip demand

AMD

https://www.nasdaq.com/articles/micron-shares-jump-on-forecast-for-quicker-recovery-in-chip-demand

Updates share movement Dec 21 (Reuters) - Chipmaker Micron Technology's MU.O shares jumped 7% on Thursday after it predicted a strong recovery in the supply-demand balance for memory and flash storage in 2024. The company's quarterly results on Wednesday exceeded market expectations and it forecast a strong February quarter in a clear sign that memory chip prices will improve next year to recover from a months-long downturn. Its shares rose as much as $85.99 on Thursday to a near 21-month high. They have gained roughly 60% this year in anticipation of an industry recovery. Stock is either at or near normal levels for most of its customers across personal computer, mobile, automotive and industrial markets, Micron said, while data center inventories will approach those levels in the first half of 2024. "Market rebounds are happening earlier than we previously thought," Morningstar analysts said. Micron's upbeat results for the quarter ended Nov. 30 as well as its forecast raised similar expectations from other chip companies that would report early next year, lifting their shares. The Philadelphia SE Semiconductor index .SOX rose 2%, driven by gains in shares of companies such as Nvidia NVDA.O, Advanced Micro Devices AMD.O, Qualcomm QCOM.O, Intel INTC.O and Broadcom AVGO.O. Micron also said it was in "the final stages" to qualify its high-bandwidth memory chips for use in Nvidia's most powerful AI platforms. Such high-end memory chips are among Micron's most profitable products and will draw in "several hundred million" dollars in revenue in fiscal 2024, the company said. Analysts expect AI-fueled demand to help Micron's rebound. Rising demand for such chips is "likely to be a tailwind for MU (Micron) for at least the next 2 quarters and likely longer", Piper Sandler analysts wrote in a note. At least 12 brokerages raised their price targets after results, LSEG data showed. Micron's forward price-to-earnings ratio is 32.45 for the next 12 months, compared with the industry's 21.03. Micron shares rise this year on demand recovery hopes https://tmsnrt.rs/477Y6TI (Reporting by Chavi Mehta in Bengaluru; Editing by Arun Koyyur) ((Chavi.Mehta@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The Philadelphia SE Semiconductor index .SOX rose 2%, driven by gains in shares of companies such as Nvidia NVDA.O, Advanced Micro Devices AMD.O, Qualcomm QCOM.O, Intel INTC.O and Broadcom AVGO.O. Micron's upbeat results for the quarter ended Nov. 30 as well as its forecast raised similar expectations from other chip companies that would report early next year, lifting their shares. Such high-end memory chips are among Micron's most profitable products and will draw in "several hundred million" dollars in revenue in fiscal 2024, the company said.

The Philadelphia SE Semiconductor index .SOX rose 2%, driven by gains in shares of companies such as Nvidia NVDA.O, Advanced Micro Devices AMD.O, Qualcomm QCOM.O, Intel INTC.O and Broadcom AVGO.O. The company's quarterly results on Wednesday exceeded market expectations and it forecast a strong February quarter in a clear sign that memory chip prices will improve next year to recover from a months-long downturn. Micron's upbeat results for the quarter ended Nov. 30 as well as its forecast raised similar expectations from other chip companies that would report early next year, lifting their shares.

The Philadelphia SE Semiconductor index .SOX rose 2%, driven by gains in shares of companies such as Nvidia NVDA.O, Advanced Micro Devices AMD.O, Qualcomm QCOM.O, Intel INTC.O and Broadcom AVGO.O. The company's quarterly results on Wednesday exceeded market expectations and it forecast a strong February quarter in a clear sign that memory chip prices will improve next year to recover from a months-long downturn. Micron's upbeat results for the quarter ended Nov. 30 as well as its forecast raised similar expectations from other chip companies that would report early next year, lifting their shares.

The Philadelphia SE Semiconductor index .SOX rose 2%, driven by gains in shares of companies such as Nvidia NVDA.O, Advanced Micro Devices AMD.O, Qualcomm QCOM.O, Intel INTC.O and Broadcom AVGO.O. Its shares rose as much as $85.99 on Thursday to a near 21-month high. They have gained roughly 60% this year in anticipation of an industry recovery.

170327.0

2023-12-21 00:00:00 UTC

How AMD's Stock Price Can Continue to Grow in 2024

AMD

https://www.nasdaq.com/articles/how-amds-stock-price-can-continue-to-grow-in-2024

In today's video, I discuss recent updates affecting Advanced Micro Devices (NASDAQ: AMD). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the market prices of Dec. 20, 2023. The video was published on Dec. 20, 2023. Should you invest $1,000 in Advanced Micro Devices right now? Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Advanced Micro Devices wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Jose Najarro has positions in Advanced Micro Devices. The Motley Fool has positions in and recommends Advanced Micro Devices. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In today's video, I discuss recent updates affecting Advanced Micro Devices (NASDAQ: AMD). Check out the short video to learn more, consider subscribing, and click the special offer link below. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services.

In today's video, I discuss recent updates affecting Advanced Micro Devices (NASDAQ: AMD). Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Advanced Micro Devices wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Jose Najarro has positions in Advanced Micro Devices.

In today's video, I discuss recent updates affecting Advanced Micro Devices (NASDAQ: AMD). Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Advanced Micro Devices wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Jose Najarro has positions in Advanced Micro Devices.

In today's video, I discuss recent updates affecting Advanced Micro Devices (NASDAQ: AMD). See the 10 stocks *Stock Advisor returns as of December 18, 2023 Jose Najarro has positions in Advanced Micro Devices. The Motley Fool has positions in and recommends Advanced Micro Devices.

170328.0

2023-12-21 00:00:00 UTC

Why Nvidia’s Current Valuation is a Hidden Gem for Investors

AMD

https://www.nasdaq.com/articles/why-nvidias-current-valuation-is-a-hidden-gem-for-investors

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nvidia (NASDAQ:NVDA) stock looks like a high-flier, but it is undervalued. Even as it trades for 40.3 times forward earnings, this valuation represents a discount compared to a fellow high-flier that has become a top AI play among semiconductor stocks. NVDA seems undervalued using an uncommon metric. The market has a legitimate reason to be conservative in valuing this company. In recent months, Nvidia skeptics have cultivated considerable fear, uncertainty, and doubt about Nvidia’s future growth, particularly the impact of tense U.S.-China relations on future growth. But as I’ll explain below, there’s no reason for you to give into these fears, and pass up on what remains a top long-term growth stock. NVDA Stock: A Value Play in More Ways Than One There are two ways in which Nvidia is undervalued relative to other top growth stocks. First, while the stock is up 246.5% year-to-date, outperforming major competitor Advanced Micro Devices (NASDAQ:AMD), it’s AMD, not NVDA, that is the pricer stock. This valuation gap has widened further, since I last mentioned it in a NVDA stock article earlier this month. AMD’s valuation premium persists, although not only does Nvidia have first-mover advantage in this space. Forecasts still call for similar levels of earnings growth for Nvidia (53.2%) and AMD (56.4%). Related to this, is the second way in which Nvidia shares are cheap at current prices. Per a recent article in Barron’s, based on its price-to-earnings-to-growth (or PEG) ratio, NVDA is the lowest-priced “Magnificent Seven” stock. Nvidia’s PEG ratio of 0.72 is considerably less than the respective PEG ratios of the other six “magnificent” big tech names in this category. It is also well below the average S&P 500 PEG ratio of around 2. Again, the market has its reasons for discounting this company’s future growth to such a severe degree, these reasons are not well-founded. Deconstructing Erroneous Causes for Concern Those bearish about NVDA stock has latched onto two factors that they believe point to less stellar times ahead for both the company and its shares. First, of course, is the so-called “China dilemma” with Nvidia. As you’ve likely heard, the U.S. Government has cracked down on AI chip exports to China. Many view the imposition of new export restrictions as something that may have a major impact on Nvidia’s overall growth in the quarters ahead. However, as I discussed last week, the company has figured out two ways to mitigate this headwind. First, Nvidia is “working on a workaround” with U.S. officials, in order to develop AI chips that it can still sell to Chinese end-users. Second, Nvidia is also expanding its presence across other fast-growing Asian economies, including Malaysia and Vietnam. Yes, it’s not just China that has some investors buying into the “FUD.” For instance, a report from Edgewater Research arguing that there are “mixed datapoints” for AI GPU demand early next year has been making the rounds. However, take a closer look at the story. It’s clear that not even Edgewater is confident that these “mixed data points” signal a major slowdown ahead. Bottom Line: Fade the FUD FUD is definitely causing some frustration for Nvidia stock investors. While shares have moved higher this month, NVDA continues to encounter resistance at prices above $500 per share. Yet while doubts about Nvidia’s growth going forward are preventing a breakout, keep in mind that this works to your advantage. If you currently own the stock, you can increase your position at what’s still a more-than-reasonable price. If you “missed out” on this AI winner’s initial breakout earlier this year, now’s the time to begin building a position. Over the next few quarters, continued strong results from the company could propel the stock to considerably higher prices, irrespective of whether shares experience a re-rating to the upside, or if Nvidia merely maintains its current premium-but-not-exactly-pricey earnings multiple. NVDA stock earns an A rating in Portfolio Grader. On the date of publication, Louis Navellier had a long position in NVDA. Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article. The InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Why Nvidia’s Current Valuation is a Hidden Gem for Investors appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

First, while the stock is up 246.5% year-to-date, outperforming major competitor Advanced Micro Devices (NASDAQ:AMD), it’s AMD, not NVDA, that is the pricer stock. AMD’s valuation premium persists, although not only does Nvidia have first-mover advantage in this space. Forecasts still call for similar levels of earnings growth for Nvidia (53.2%) and AMD (56.4%).

First, while the stock is up 246.5% year-to-date, outperforming major competitor Advanced Micro Devices (NASDAQ:AMD), it’s AMD, not NVDA, that is the pricer stock. AMD’s valuation premium persists, although not only does Nvidia have first-mover advantage in this space. Forecasts still call for similar levels of earnings growth for Nvidia (53.2%) and AMD (56.4%).

First, while the stock is up 246.5% year-to-date, outperforming major competitor Advanced Micro Devices (NASDAQ:AMD), it’s AMD, not NVDA, that is the pricer stock. AMD’s valuation premium persists, although not only does Nvidia have first-mover advantage in this space. Forecasts still call for similar levels of earnings growth for Nvidia (53.2%) and AMD (56.4%).

First, while the stock is up 246.5% year-to-date, outperforming major competitor Advanced Micro Devices (NASDAQ:AMD), it’s AMD, not NVDA, that is the pricer stock. AMD’s valuation premium persists, although not only does Nvidia have first-mover advantage in this space. Forecasts still call for similar levels of earnings growth for Nvidia (53.2%) and AMD (56.4%).

170329.0

2023-12-21 00:00:00 UTC

2 AI Stocks for 2024 That Can Benefit From Nvidia's Growth

AMD

https://www.nasdaq.com/articles/2-ai-stocks-for-2024-that-can-benefit-from-nvidias-growth

In today's video, I discuss recent updates impacting Super Micro Computer (NASDAQ: SMCI) and Marvell Technology (NASDAQ: MRVL). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the market prices of Dec. 19, 2023. The video was published on Dec. 20, 2023. Should you invest $1,000 in Super Micro Computer right now? Before you buy stock in Super Micro Computer, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Super Micro Computer wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Jose Najarro has positions in Advanced Micro Devices and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool recommends Marvell Technology and Super Micro Computer. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Check out the short video to learn more, consider subscribing, and click the special offer link below. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool recommends Marvell Technology and Super Micro Computer.

Before you buy stock in Super Micro Computer, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Super Micro Computer wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Jose Najarro has positions in Advanced Micro Devices and Nvidia. The Motley Fool recommends Marvell Technology and Super Micro Computer.

In today's video, I discuss recent updates impacting Super Micro Computer (NASDAQ: SMCI) and Marvell Technology (NASDAQ: MRVL). Before you buy stock in Super Micro Computer, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Super Micro Computer wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Jose Najarro has positions in Advanced Micro Devices and Nvidia.

In today's video, I discuss recent updates impacting Super Micro Computer (NASDAQ: SMCI) and Marvell Technology (NASDAQ: MRVL). The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Jose Najarro has positions in Advanced Micro Devices and Nvidia.

170330.0

2023-12-21 00:00:00 UTC

2024 Technology Stock & ETF Outlook

AMD

https://www.nasdaq.com/articles/2024-technology-stock-etf-outlook

(1:30) - Will NVIDIA Shares Continue To Rally Into 2024? (6:25) - Who Will Emerge The Big Winner In The AI Race? (9:15) - What Can We Expect From Apple In The New Year? (13:45) - The Future of Self Driving Cars (17:00) - What Mega Cap Stocks Should You Have In Your Portfolio For 2024? (19:55) - Can Emerging Tech Stocks Continue To Outperform? (21:50) - Innovator Deepwater Frontier Tech ETF: LOUP (25:20) - Episode Roundup: META, TSLA, AMZN, MSFT, AAPL, GOOGL, TSM, MBLY, ASML, QQQM Podcast@Zacks.com In this episode of ETF Spotlight, I speak with Gene Munster, Managing Partner at Deepwater Asset Management, about the outlook for the “Magnificent Seven” and emerging technology stocks. The biggest market story of the year is the incredible rise of the world’s most valuable technology firms. Can these tech titans continue to shine in 2024? Shares of Nvidia NVDA, which currently holds more than 85% of the market for generative-AI chips, are up more than 240% this year. Despite the eye-popping surge, the valuation is actually more attractive now since estimates have gone up substantially. Google parent Alphabet GOOGL has been investing in AI for years and was seen as an AI leader earlier, but has taken a cautious approach to the technology. Microsoft MSFT emerged as an early winner in the AI race thanks to its partnership with OpenAI. But the AI trade is just beginning, and the race will heat up next year. Who will emerge as a winner in the generative AI arms race? Apple AAPL is reported to be investing billions to catch up with its Silicon Valley rivals in the AI frenzy. The world’s most valuable company plans to bring Generative AI to all its devices, according to Bloomberg. Tesla TSLA recently announced a 'recall' for more than 2 million vehicles over an autopilot issue. The EV giant will roll out a software remedy to fix the problems. What does it mean for the future of self-driving vehicles? Among mega-cap stocks, Google, Apple, and Taiwan Semiconductor TSM are Gene’s top picks for 2024. Emerging tech stocks have outperformed the Nasdaq-100 ETF QQQ over the past few weeks as investors hope that interest rates will continue to decline next year. These were beaten down earlier, along with other risk-sensitive areas. The Innovator Deepwater Frontier Tech ETF LOUP invests in technology companies that are leading the next wave of innovation. AMD AMD and ASML ASML are among its holdings. Tune in to the podcast to learn more. Make sure to be on the lookout for the next edition of ETF Spotlight! If you have any comments or questions, please email podcast@zacks.com. Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report ASML Holding N.V. (ASML) : Free Stock Analysis Report Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report Innovator Deepwater Frontier Tech ETF (LOUP): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

AMD AMD and ASML ASML are among its holdings. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report ASML Holding N.V. (ASML) : Free Stock Analysis Report Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report Innovator Deepwater Frontier Tech ETF (LOUP): ETF Research Reports To read this article on Zacks.com click here. (21:50) - Innovator Deepwater Frontier Tech ETF: LOUP (25:20) - Episode Roundup: META, TSLA, AMZN, MSFT, AAPL, GOOGL, TSM, MBLY, ASML, QQQM Podcast@Zacks.com In this episode of ETF Spotlight, I speak with Gene Munster, Managing Partner at Deepwater Asset Management, about the outlook for the “Magnificent Seven” and emerging technology stocks.

Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report ASML Holding N.V. (ASML) : Free Stock Analysis Report Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report Innovator Deepwater Frontier Tech ETF (LOUP): ETF Research Reports To read this article on Zacks.com click here. AMD AMD and ASML ASML are among its holdings. (21:50) - Innovator Deepwater Frontier Tech ETF: LOUP (25:20) - Episode Roundup: META, TSLA, AMZN, MSFT, AAPL, GOOGL, TSM, MBLY, ASML, QQQM Podcast@Zacks.com In this episode of ETF Spotlight, I speak with Gene Munster, Managing Partner at Deepwater Asset Management, about the outlook for the “Magnificent Seven” and emerging technology stocks.

Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report ASML Holding N.V. (ASML) : Free Stock Analysis Report Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report Innovator Deepwater Frontier Tech ETF (LOUP): ETF Research Reports To read this article on Zacks.com click here. AMD AMD and ASML ASML are among its holdings. (21:50) - Innovator Deepwater Frontier Tech ETF: LOUP (25:20) - Episode Roundup: META, TSLA, AMZN, MSFT, AAPL, GOOGL, TSM, MBLY, ASML, QQQM Podcast@Zacks.com In this episode of ETF Spotlight, I speak with Gene Munster, Managing Partner at Deepwater Asset Management, about the outlook for the “Magnificent Seven” and emerging technology stocks.

Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report ASML Holding N.V. (ASML) : Free Stock Analysis Report Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report Innovator Deepwater Frontier Tech ETF (LOUP): ETF Research Reports To read this article on Zacks.com click here. AMD AMD and ASML ASML are among its holdings. (19:55) - Can Emerging Tech Stocks Continue To Outperform?

170331.0

2023-12-21 00:00:00 UTC

US STOCKS-Futures rebound after broad sell-off; Micron shines

AMD

https://www.nasdaq.com/articles/us-stocks-futures-rebound-after-broad-sell-off-micron-shines

For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Futures up: Dow 0.38%, S&P 0.44%, Nasdaq 0.59% Dec 21 (Reuters) - U.S. stock index futures rose on Thursday, recovering from a broad sell-off on Wall Street in the prior session as investors clung on to hopes of borrowing costs easing next year, while chipmaker Micron advanced after delivering an upbeat forecast. The three main indexes ended the previous session lower, with the benchmark S&P 500 .SPX notching its worst day since late September following a recent rally that saw the index within a percentage of its record closing high hit in early 2022. Reaching a new closing high would confirm the benchmark index had been in a bull market since closing at the bear market floor in October 2022. The rally gained steam after policymakers took an unexpected dovish change in tone on monetary policy outlook a week ago, sending yields on the benchmark 10-year U.S. treasury note US10YT=RR lower to 3.878% from multi-year highs it scaled in October. US/ Despite some push back from Federal Reserve officials, traders still expect at least a 25 basis points rate cut in as early as March next year, and a near 100% chance of a rate cut in May, according to the CME FedWatch Tool. On tap at 8:30 a.m. ET is the final domestic economic growth (GDP) estimate for the third quarter which is expected to stay unchanged from previous forecasts of 5.2%. Also due are weekly claims for state unemployment benefits that are expected to tick higher to 215,000, as per a Reuters poll. The data points could throw light on the state of the U.S. economy in the wake of the Fed's fastest monetary tightening spree in years. Meanwhile, Micron TechnologyMU.O forecast quarterly revenue above market estimates, and its shares jumped 5.5% before the bell on signs of a memory chip recovery in 2024 after one of the most significant downturns in years. Other chip makers like Nvidia NVDA.O and Advanced Micro Devices AMD.O added over 1% each. At 5:41 a.m. ET, Dow e-minis 1YMcv1 were up 144 points, or 0.38%, S&P 500 e-minis EScv1 were up 20.75 points, or 0.44%, and Nasdaq 100 e-minis NQcv1 were up 98.75 points, or 0.59%. BoeingBA.N climbed 1.9% as the planemaker is set to restart deliveries of its 787 Dreamliner to China within days, a source told Reuters, a step that could pave the way for China to also end a more than four-year freeze on deliveries of Boeing's profit-making 737 MAX. U.S. electric vehicle makers like Tesla TSLA.O Nikola NKLA.O and Lucid Group added between 1.2% and 4.0% after a report said the United States was considering tariff hikes on Chinese EV manufacturers. U.S.-listed shares of BlackBerryBB.NBB.TO slid 5.4% after the Canadian technology firm forecast fourth-quarter revenue below analysts' expectations. (Reporting by Johann M Cherian in Bengaluru; Editing by Maju Samuel) ((johann.mcherian@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other chip makers like Nvidia NVDA.O and Advanced Micro Devices AMD.O added over 1% each. The rally gained steam after policymakers took an unexpected dovish change in tone on monetary policy outlook a week ago, sending yields on the benchmark 10-year U.S. treasury note US10YT=RR lower to 3.878% from multi-year highs it scaled in October. Meanwhile, Micron TechnologyMU.O forecast quarterly revenue above market estimates, and its shares jumped 5.5% before the bell on signs of a memory chip recovery in 2024 after one of the most significant downturns in years.

Other chip makers like Nvidia NVDA.O and Advanced Micro Devices AMD.O added over 1% each. Futures up: Dow 0.38%, S&P 0.44%, Nasdaq 0.59% Dec 21 (Reuters) - U.S. stock index futures rose on Thursday, recovering from a broad sell-off on Wall Street in the prior session as investors clung on to hopes of borrowing costs easing next year, while chipmaker Micron advanced after delivering an upbeat forecast. The three main indexes ended the previous session lower, with the benchmark S&P 500 .SPX notching its worst day since late September following a recent rally that saw the index within a percentage of its record closing high hit in early 2022.

Other chip makers like Nvidia NVDA.O and Advanced Micro Devices AMD.O added over 1% each. Futures up: Dow 0.38%, S&P 0.44%, Nasdaq 0.59% Dec 21 (Reuters) - U.S. stock index futures rose on Thursday, recovering from a broad sell-off on Wall Street in the prior session as investors clung on to hopes of borrowing costs easing next year, while chipmaker Micron advanced after delivering an upbeat forecast. The three main indexes ended the previous session lower, with the benchmark S&P 500 .SPX notching its worst day since late September following a recent rally that saw the index within a percentage of its record closing high hit in early 2022.

Other chip makers like Nvidia NVDA.O and Advanced Micro Devices AMD.O added over 1% each. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Futures up: Dow 0.38%, S&P 0.44%, Nasdaq 0.59% Dec 21 (Reuters) - U.S. stock index futures rose on Thursday, recovering from a broad sell-off on Wall Street in the prior session as investors clung on to hopes of borrowing costs easing next year, while chipmaker Micron advanced after delivering an upbeat forecast.

170319.0

2023-12-22 00:00:00 UTC

7 Risks Intel Stock Investors Should Know for 2024

AMD

https://www.nasdaq.com/articles/7-risks-intel-stock-investors-should-know-for-2024

In today's video, I discuss recent updates impacting Intel (NASDAQ: INTC). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the market prices of Dec. 21, 2023. The video was published on Dec. 21, 2023. Should you invest $1,000 in Intel right now? Before you buy stock in Intel, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Intel wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Jose Najarro has positions in Advanced Micro Devices, Nvidia, Qualcomm, and Taiwan Semiconductor Manufacturing. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, Nvidia, Qualcomm, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In today's video, I discuss recent updates impacting Intel (NASDAQ: INTC). Check out the short video to learn more, consider subscribing, and click the special offer link below. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, Nvidia, Qualcomm, and Taiwan Semiconductor Manufacturing.

See the 10 stocks *Stock Advisor returns as of December 18, 2023 Jose Najarro has positions in Advanced Micro Devices, Nvidia, Qualcomm, and Taiwan Semiconductor Manufacturing. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, Nvidia, Qualcomm, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel.

Before you buy stock in Intel, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Intel wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Jose Najarro has positions in Advanced Micro Devices, Nvidia, Qualcomm, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel.

Before you buy stock in Intel, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Intel wasn't one of them. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. Their opinions remain their own and are unaffected by The Motley Fool.

170320.0

2023-12-22 00:00:00 UTC

2 Artificial Intelligence (AI) Stocks That Could Go Parabolic

AMD

https://www.nasdaq.com/articles/2-artificial-intelligence-ai-stocks-that-could-go-parabolic-1

Artificial intelligence (AI) stocks have been in the limelight over the past year, thanks to the massive impact this technology is likely to have across multiple industries, with McKinsey estimating that AI adoption could add a whopping $13 trillion to the global economy by 2030. There are many ways investors can capitalize on this huge opportunity. Two companies that stand to win big from AI adoption in two distinct industries are Advanced Micro Devices (NASDAQ: AMD) and SentinelOne (NYSE: S). Both stocks have been on fire in 2023. While shares of AMD have jumped 113%, SentinelOne has shot up 83%, with a big chunk of that jump coming since the beginning of November. The recent stock price action of both companies suggests they may already have gone parabolic -- which refers to a rapid jump in the share price of a company in a short time, similar to the right side of a parabolic curve. However, there is a solid chance that these two AI stocks could go on another parabolic run in 2024. 1. Advanced Micro Devices Nvidia (NASDAQ: NVDA) is the leader in the market for AI chips. The company reportedly controls between 80% and 95% of this lucrative market, which is going to be worth an estimated $45 billion this year as per AMD's estimates. Nvidia's dominant share explains why it has been growing at a terrific pace in recent quarters. The company's fiscal 2024 third-quarter revenue (for the three months ended Oct. 29, 2023) was up 206% year over year to $18.1 billion. Nvidia is forecasting its fiscal fourth-quarter revenue to increase at a faster pace of 233% year over year to $20 billion. AMD, however, is aiming to end Nvidia's free run in the AI chip market with its MI300 series of data center accelerators. Earlier this month, AMD announced the availability of its latest AI accelerators, which will be deployed by the likes of Microsoft, Meta Platforms, and Oracle in the cloud. Server manufacturers such as Dell and Super Micro Computer will also be offering server solutions based on AMD's new chips. It is worth noting that AMD's latest MI300 family of processors is based on a 5nm/6nm (nanometer) manufacturing node from Taiwan Semiconductor Manufacturing, popularly known as TSMC. This is identical to the node on which Nvidia's flagship H100 AI graphics processing unit (GPU) is based, indicating that AMD is looking to offer a competitive alternative to Nvidia's processors. What's more, AMD's flagship MI300X accelerator is packed with 192GB of HBM3 memory and has a peak bandwidth of 5.3 TB/second. That's higher than Nvidia's H100 processor, which is packed with 80GB of HBM and has a memory bandwidth of 3.35 TB/second. The specs could translate into solid real-world performance as well, with AMD claiming that its MI300X processor could go toe-to-toe with the H100 while performing certain AI tasks. As a result, it won't be surprising to see a big jump in AMD's AI-related revenue in 2024. The company is currently forecasting that it could sell at least $2 billion worth of AI chips next year, but that figure could be much higher considering that AMD could get its hands on a big chunk of supply from its foundry partner next year. Also, AMD sees a $400 billion revenue opportunity in AI chips by 2027, indicating that it could win big from this market in the long run. So, if AMD manages to get its hands on a healthy supply of AI chips to fulfill the robust end-market demand and indeed takes away some share from Nvidia, it could grow at a faster pace than Wall Street's expectations. Consensus estimates suggest that AMD's revenue could increase by 16% in 2024 to $24 billion, but there are emerging catalysts that could help it outpace those estimates. As such, it won't be surprising to see this AI stock go parabolic in 2024 and deliver more upside to investors. 2. SentinelOne The adoption of AI in the cybersecurity market is set to grow rapidly in the long run. According to Bloomberg, generative AI-based cybersecurity spending could grow from just $9 million in 2022 to $14 billion in 2032 at a whopping compound annual growth rate of 109%. SentinelOne is already making the most of this opportunity, as the company's fiscal 2024 third-quarter results (for the three months ended Oct. 31, 2023), which were released on Dec. 5, indicate. The company's quarterly revenue jumped an impressive 42% year over year to $164 million, easily clearing the consensus estimate of $156 million. Even better, SentinelOne posted a smaller loss of $0.03 per share as compared to the prior-year period's $0.16-per-share loss. Analysts would have settled for a loss of $0.08 per share. The company has guided for fiscal 2024 revenue of $616 million, which would be a 46% jump over last year. SentinelOne was earlier anticipating $605 million in revenue in the current fiscal year, but it seems like the growing adoption of the company's AI-powered cybersecurity platforms led it to increase the guidance. SentinelOne launched a generative AI-powered solution known as Purple AI to detect, analyze, and respond to cyber threats in April this year. An organization's security analysts could simply use text prompts to carry out cybersecurity operations, and the good part is that SentinelOne has already started delivering this offering to its customers. The company also provides an AI-powered cloud security solution, known as Singularity, which allows its customers to protect their cloud workloads. This solution should help SentinelOne tap the cloud security market, which is expected to generate $106 billion in annual revenue in 2029, as compared to $21 billion in 2021. These fast-growing markets should positively impact the company's growth and explain why analysts have raised their revenue forecasts of late. Not surprisingly, analysts are expecting SentinelOne to deliver solid growth over the next couple of years as well. S Revenue Estimates for Current Fiscal Year data by YCharts. SentinelOne stock is trading at 13.5 times sales right now. While that seems expensive at first, investors shouldn't ignore that the company has been growing at a nice clip and has justified its rich sales multiple with an impressive jump in revenue. S PS Ratio data by YCharts. Assuming it maintains a similar multiple after two years and hits $1.06 billion in revenue, as we saw in the chart above, its market cap could jump to $14.3 billion. That would be a 78% jump from current levels. However, don't be surprised to see this cybersecurity stock deliver even stronger gains and go on a parabolic run if it continues to outperform expectations and clock better-than-expected growth on the back of new catalysts such as AI. Should you invest $1,000 in Advanced Micro Devices right now? Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Advanced Micro Devices wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Meta Platforms, Microsoft, Nvidia, Oracle, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends Super Micro Computer. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

So, if AMD manages to get its hands on a healthy supply of AI chips to fulfill the robust end-market demand and indeed takes away some share from Nvidia, it could grow at a faster pace than Wall Street's expectations. Two companies that stand to win big from AI adoption in two distinct industries are Advanced Micro Devices (NASDAQ: AMD) and SentinelOne (NYSE: S). While shares of AMD have jumped 113%, SentinelOne has shot up 83%, with a big chunk of that jump coming since the beginning of November.

Two companies that stand to win big from AI adoption in two distinct industries are Advanced Micro Devices (NASDAQ: AMD) and SentinelOne (NYSE: S). While shares of AMD have jumped 113%, SentinelOne has shot up 83%, with a big chunk of that jump coming since the beginning of November. The company reportedly controls between 80% and 95% of this lucrative market, which is going to be worth an estimated $45 billion this year as per AMD's estimates.

Two companies that stand to win big from AI adoption in two distinct industries are Advanced Micro Devices (NASDAQ: AMD) and SentinelOne (NYSE: S). The company is currently forecasting that it could sell at least $2 billion worth of AI chips next year, but that figure could be much higher considering that AMD could get its hands on a big chunk of supply from its foundry partner next year. While shares of AMD have jumped 113%, SentinelOne has shot up 83%, with a big chunk of that jump coming since the beginning of November.

Two companies that stand to win big from AI adoption in two distinct industries are Advanced Micro Devices (NASDAQ: AMD) and SentinelOne (NYSE: S). While shares of AMD have jumped 113%, SentinelOne has shot up 83%, with a big chunk of that jump coming since the beginning of November. The company reportedly controls between 80% and 95% of this lucrative market, which is going to be worth an estimated $45 billion this year as per AMD's estimates.

170321.0

2023-12-22 00:00:00 UTC

3 Stocks Poised to Reach Trillion-Dollar Valuation by 2030

AMD

https://www.nasdaq.com/articles/3-stocks-poised-to-reach-trillion-dollar-valuation-by-2030

InvestorPlace - Stock Market News, Stock Advice & Trading Tips The relentless march of technology’s behemoths toward trillion-dollar valuations by 2030 paints a portrait of innovative prowess, strategic agility, and financial resilience. Within the dynamic realm of the semiconductor and software industries, three prominent companies stand poised for astronomical growth. Software, processors, and semiconductors are the key themes for promising stocks poised to reach trillion-dollar valuations by 2030. This article delves into the crux of their strategies, encapsulating pivotal facets that steer their trajectories. Discover what makes these stocks promising opportunities. Broadcom (AVGO) Source: Sasima / Shutterstock.com Broadcom’s (NASDAQ:AVGO) infrastructure software segment showcases steady growth. For example, in Q4 fiscal 2023, revenue reached $9.3 billion, marking a 4% year-on-year increase. This segment comprises significant acquisitions like CA, Symantec Enterprise, and Brocade, showcasing Broadcom’s strategic expansion in software solutions. Additionally, renewal rates average 116% over expiring contracts in fiscal 2023, and the projection of 4% year-on-year revenue growth to $8 billion in fiscal 2024 indicates stable performance. Moreover, the VMware acquisition’s expected contribution is $12 billion in fiscal 2024, demonstrating Broadcom’s strategic pivot towards private and hybrid cloud solutions. Fundamentally, the decision to divest non-core assets like end-user computing and Carbon Black reflects Broadcom’s focus on streamlining its software portfolio. By repositioning VMware and emphasizing a richer catalog of microservices tools for global enterprises, Broadcom aims to drive substantial revenue growth within the infrastructure software segment. At the bottom line, Broadcom focuses on commendable financial efficiency, maintaining strong operating margins, and generating substantial free cash flow. There is a projected operating margin of 62% of revenue in Q4 fiscal 2023 and the expected adjusted EBITDA of approximately 60% in fiscal 2024. This highlights the company’s solid operational efficiency and profitability. Regarding its liquidity, there is robust free cash flow growth to $17.6 billion in fiscal 2023, representing 49% of revenue. Hence, this indicates the company’s ability to convert a significant portion of its revenue into free cash flow. Finally, Broadcom’s guidance for fiscal 2024 anticipates significant revenue growth, targeting $50 billion in consolidated revenues. Also, there is projected mid- to high-single-digit growth in semiconductor revenue. Lastly, an expected revenue of $20 billion in the infrastructure software segment, including a substantial contribution from VMware, implies the company’s ambitious yet achievable growth targets. AMD (AMD) Source: Pamela Marciano / Shutterstock.com AMD’s (NASDAQ:AMD) client segment displayed significant growth trends in revenue, marking a notable increase of 42% year-over-year and 46% sequentially. The impressive growth was primarily fueled by robust sales of Ryzen mobile processors and Ryzen 7000 Series processors for notebooks and desktops. This surge in demand highlights the segment’s success in capturing consumer interest and gaining market share. Beyond the consumer market, AMD’s lead extended to the commercial sector. The company has reported expanded revenue driven by multiple new wins across various industries. The launch of Threadripper Pro workstation CPUs leverages the Zen 4 core architecture and targets professional design, rendering, and simulation applications. At its core, this strategic move aimed to tap into the high-performance computing needs of professionals across diverse fields. Therefore, this suggests AMD’s focus on addressing specific market niches with specialized offerings. AMD’s forward-looking approach in the client segment emphasizes a multi-year roadmap centered on Ryzen AI. The focus is delivering leadership compute capabilities built on Microsoft’s (NASDAQ:MSFT) Windows software ecosystem to enable the next generation of AI PCs. This represents AMD’s edge through advancements in AI-driven computing. The intent to redefine the computing experience over the coming years signals a visionary perspective for aligning product development with evolving technological paradigms. Looking forward, AMD’s outlook for Q4 2023 predicts revenue to reach approximately $6.1 billion. This is based on an expected increase of approximately 9% year-over-year and 5% sequentially. Therefore, the outlook is based on strong double-digit percentage growth in the data center and client segments, reflecting continued momentum in these areas. Overall, the Client segment’s robust revenue growth, successful forays into commercial markets, and future-oriented innovation strategies position AMD favorably to capitalize on consumer and professional computing demands, setting a trajectory for sustained growth and market leadership. TSMC (TSM) Source: sdx15 / Shutterstock.com TSMC (NYSE:TSM) relentlessly pursues advancing nanometer technologies. These include 3-nanometer (N3), N3E, N3P, and N3X, demonstrating its continual efforts to push the boundaries of semiconductor manufacturing. Also, the successful development and ramp-up of N3 technology and its variants reflect TSMC’s focus on delivering cutting-edge solutions to its customers. Focusing on N2 technology, TSMC strategically focuses on developing N2 technology, leveraging nanosheet transistor structures for increased power efficiency. This signifies its forward-looking approach to addressing the increasing demand for energy-efficient computing solutions. Also, the innovation and advancement in N2 technology demonstrates the company’s focus on long-term technological leadership. Fundamentally, the continuous enhancement and development of semiconductor technologies, such as N3 and N2, exemplifies TSMC’s focus on providing sustainable solutions for the semiconductor industry. Hence, these innovations cater to current market demands and solidify the way for future breakthroughs. At its core, there is a strategic allocation of capital. It is 70% for advanced process technologies, 20% for specialty technologies, and 10% for advanced packaging, testing, mask-making, and other crucial areas. Thus, this demonstrates the company’s focus on enhancing its technological capabilities and readiness to address evolving market demands. Finally, TSMC’s strategic expansion initiatives across different regions reinforce its focus on meeting customer needs, expanding its global presence, and leveraging government support for sustained growth. The company’s plans to establish factories in Europe (Dresden, Germany), Arizona, Japan, and China highlight its global expansion strategy. Overall, these initiatives are aligned with customer needs, tap into regional markets, and leverage government partnerships to bolster its manufacturing capabilities. As of this writing, Yiannis Zourmpanos held a long position in TSM. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. More From InvestorPlace Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Stocks Poised to Reach Trillion-Dollar Valuation by 2030 appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source: Pamela Marciano / Shutterstock.com AMD’s (NASDAQ:AMD) client segment displayed significant growth trends in revenue, marking a notable increase of 42% year-over-year and 46% sequentially. Beyond the consumer market, AMD’s lead extended to the commercial sector. Therefore, this suggests AMD’s focus on addressing specific market niches with specialized offerings.

Overall, the Client segment’s robust revenue growth, successful forays into commercial markets, and future-oriented innovation strategies position AMD favorably to capitalize on consumer and professional computing demands, setting a trajectory for sustained growth and market leadership. Source: Pamela Marciano / Shutterstock.com AMD’s (NASDAQ:AMD) client segment displayed significant growth trends in revenue, marking a notable increase of 42% year-over-year and 46% sequentially. Beyond the consumer market, AMD’s lead extended to the commercial sector.

Source: Pamela Marciano / Shutterstock.com AMD’s (NASDAQ:AMD) client segment displayed significant growth trends in revenue, marking a notable increase of 42% year-over-year and 46% sequentially. Overall, the Client segment’s robust revenue growth, successful forays into commercial markets, and future-oriented innovation strategies position AMD favorably to capitalize on consumer and professional computing demands, setting a trajectory for sustained growth and market leadership. Beyond the consumer market, AMD’s lead extended to the commercial sector.

Overall, the Client segment’s robust revenue growth, successful forays into commercial markets, and future-oriented innovation strategies position AMD favorably to capitalize on consumer and professional computing demands, setting a trajectory for sustained growth and market leadership. Source: Pamela Marciano / Shutterstock.com AMD’s (NASDAQ:AMD) client segment displayed significant growth trends in revenue, marking a notable increase of 42% year-over-year and 46% sequentially. Beyond the consumer market, AMD’s lead extended to the commercial sector.

170322.0

2023-12-22 00:00:00 UTC

Validea Detailed Fundamental Analysis - AMD

AMD

https://www.nasdaq.com/articles/validea-detailed-fundamental-analysis-amd-23

Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum. ADVANCED MICRO DEVICES, INC. (AMD) is a large-cap growth stock in the Semiconductors industry. The rating using this strategy is 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. FUNDAMENTAL MOMENTUM: PASS TWELVE MINUS ONE MOMENTUM: PASS FINAL RANK: PASS Detailed Analysis of ADVANCED MICRO DEVICES, INC. AMD Guru Analysis AMD Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance. Additional Research Links Top NASDAQ 100 Stocks Top Technology Stocks Top Large-Cap Growth Stocks High Momentum Stocks High Insider Ownership Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). ADVANCED MICRO DEVICES, INC. (AMD) is a large-cap growth stock in the Semiconductors industry. Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.

Detailed Analysis of ADVANCED MICRO DEVICES, INC. AMD Guru Analysis AMD Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.

Detailed Analysis of ADVANCED MICRO DEVICES, INC. AMD Guru Analysis AMD Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.

Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). ADVANCED MICRO DEVICES, INC. (AMD) is a large-cap growth stock in the Semiconductors industry.

170323.0

2023-12-22 00:00:00 UTC

Why AMD Stock Is a Buy Even Though It Won’t Beat Nvidia in AI

AMD

https://www.nasdaq.com/articles/why-amd-stock-is-a-buy-even-though-it-wont-beat-nvidia-in-ai

InvestorPlace - Stock Market News, Stock Advice & Trading Tips The debut of ChatGPT last year didn’t mark the start of artificial intelligence technology, but it got everyone thinking about just how far it could go. Like other semiconductor stocks, Advanced Micro Devices (NASDAQ:AMD) rode the wave of interest to new heights this year. Shares of AMD stock more than doubled in 2023. However, rival Nvidia (NASDAQ:NVDA) is the clear winner so far. Its advanced chips were almost purpose built for AI’s complex computing power. Yet AMD is quickly making up for lost time. Its new AI accelerator chip, the Instinct MI300X, gave AMD the chance to steal market share. Although this tech matchup is being covered like a horse race, that’s not the right way for investors to think about it. AI is still a nascent technology with broad applications across almost every industry. We’re still in the first inning of its growth that will play out over multiple years. The opportunity is so large there are going to be several winners if not many. Investors should ignore the oneupmanship going on right now and look at where AMD stock will be five or 10 years down the road. The AI Universe Expansion There are many facets of how AMD can win without ever actually “beating” Nvidia. Or looked at differently, AMD will excel in certain markets but lag in others. It will still profit from all of them. According to a recent Deloitte analysis, the market for specialized AI chips is massive. From a conservative $110 billion total addressable marketing to a more aggressive $400 billion, they also admit we could be in a bubble. We may see large sales of AI chips for the next year or so before demand collapses. Still, there are pockets of opportunity. The market for accelerator chips is especially large. AMD CEO Lisa Su thinks Deloitte isn’t thinking big enough. She sees AI accelerator chips in data centers surging 70% annually to hit $400 billion by 2027. Previously AMD forecast a $150 billion TAM. AMD’s Profits Expand Bank of America (NYSE:BAC) analysts are somewhere between those extremes. They forecast a $100 billion market but see AMD growing revenue to $5.5 billion in that segment by 2025. That’s an increase from their prior estimates of $3 billion in sales and they say it should grow to $8 billion in 2026. Yet that will still have AMD with a relatively small mid-single-digit share of the market. Nvidia will still dominate with a 75% share and Broadcom (NASDAQ:AVGO) will be second at 10%. Perhaps disappointing for some, but it would put revenue on par with where AMD’s data center CPUs currently sit. Going from nothing to that size in the space of a few years is a tremendous advance. It will also allow AMD to make inroads into Intel‘s (NASDAQ:INTC) hold on the server CPU market. But importantly, Bank of America estimates every $1 billion in accelerator sales translates into $0.25 per share in earnings. The analysts say it will be the single biggest driver of earnings growth for AMD going forward. The next leg up AMD already stole a few large Nvidia customers out of the gate. Meta Platforms (NASDAQ:META), Microsoft (NASDAQ:MSFT), Oracle (NYSE:ORCL), and OpenAI all said they will adopt AMD’s MI300X chip. It could win even more and significantly add to its profit margins if it prices the new chips right. Cathie Woord’s Ark Invest estimates pricing the MI300X in the $18,000 to $19,000 per chip range would capture even more share as customers switched from Nvidia’s pricey $25,000 to $40,000 chips. AMD’s MI300X offers substantial performance enhancement compared to NVDA’s H100. Customers who switched would realize both cost savings and greater efficiency. Of course, Nvidia has its H200 chip out and that is even faster, albeit considerably more expensive. But the industry leader’s software offers seamless integration with its hardware, making it a difficult combination to beat. AMD Stock Is a Winner It’s why Advanced Micro Devices doesn’t need to take down Nvidia, Intel, or Broadcom everywhere. Just capturing a very small share of the market can provide a tremendous boost to profit margins and ultimately shareholder returns. Investors may cheer on AMD becoming the unquestionable industry leader but it’s not necessary. Right now there is more demand than any one company can satisfy. Advanced Micro Devices stock remains a high-octane, long-term investment. On the date of publication, Rich Duprey did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L’Express, and numerous other news outlets. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Why AMD Stock Is a Buy Even Though It Won’t Beat Nvidia in AI appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Like other semiconductor stocks, Advanced Micro Devices (NASDAQ:AMD) rode the wave of interest to new heights this year. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Why AMD Stock Is a Buy Even Though It Won’t Beat Nvidia in AI appeared first on InvestorPlace. Shares of AMD stock more than doubled in 2023.

Like other semiconductor stocks, Advanced Micro Devices (NASDAQ:AMD) rode the wave of interest to new heights this year. They forecast a $100 billion market but see AMD growing revenue to $5.5 billion in that segment by 2025. Shares of AMD stock more than doubled in 2023.

Its new AI accelerator chip, the Instinct MI300X, gave AMD the chance to steal market share. They forecast a $100 billion market but see AMD growing revenue to $5.5 billion in that segment by 2025. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Why AMD Stock Is a Buy Even Though It Won’t Beat Nvidia in AI appeared first on InvestorPlace.

AMD Stock Is a Winner It’s why Advanced Micro Devices doesn’t need to take down Nvidia, Intel, or Broadcom everywhere. Like other semiconductor stocks, Advanced Micro Devices (NASDAQ:AMD) rode the wave of interest to new heights this year. Shares of AMD stock more than doubled in 2023.

170318.0

2023-12-23 00:00:00 UTC

Best AI Stocks 2024: 3 to Add to Your Must-Buy List

AMD

https://www.nasdaq.com/articles/best-ai-stocks-2024%3A-3-to-add-to-your-must-buy-list

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Artificial intelligence has attracted plenty of attention as new tools challenge our abilities. AI tools allow businesses to make better product recommendations and enhance productivity. Then, consumers can use AI to create customized learning plans, access information sooner, and save time. In fact, forward-thinking investors can capitalize on the technology. Some artificial intelligence stocks have doubled in value over the past year and will likely continue to reward shareholders in 2024. One of the great highlights for companies in this sector is their profitability. It’s rare to find an industry with many high growth stocks that aren’t burning through cash to gain market share. Therefore, investors looking for promising AI stocks for 2024 may want to consider these top picks. Microsoft (MSFT) Source: The Art of Pics / Shutterstock.com It’s hard to go wrong with Microsoft (NASDAQ:MSFT). The stock is a core component of several index funds like the S&P 500 and the Nasdaq 100. Shares have gained more than 50% year to date (YTD) and are up by 272% over the past five years. Also, Microsoft has beaten the market repeatedly and is likely to continue this trend. The company’s big investment into OpenAI places it in a prime position to benefit from the rise of AI. Additionally, MSFT is diversifying its AI presence by working on its own smaller AI models. Further, the company uses AI to power cloud-computing Azure, a key revenue and earnings driver. The platform remains a key component in the company’s 13% year-over-year (YOY) revenue growth in the first quarter of fiscal 2024. Additionally, net income jumped by 27% YOY. And Microsoft isn’t just using artificial intelligence for its cloud solutions. The company also recently unveiled Copilot, an AI assistant that integrates with various Microsoft Office products. MSFT continues working on various AI solutions that can increase product retention and open up new business segments, reinforcing its title as a tech giant. Supermicro (SMCI) Source: Connect world / Shutterstock.com Supermicro (NASDAQ:SMCI) creates servers that can handle the intense workload of AI. The firm has a healthy partnership with Nvidia (NASDAQ:NVDA) which recently expanded to include Nvidia’s upcoming GPU. The company also has partnerships with other chipmakers like AMD (NASDAQ:AMD) and Intel (NASDAQ:INTC). Supermicro’s data center and server solutions have driven significant demand. In a press release for Q1 2024 earnings, leadership stated that Supermicro has experienced “continued record demand for AI-related systems at rack scale.” Also, the company grew revenue by 14% YOY in that quarter, an unexpected figure from a small growth stock in the AI space. SMCI’s guidance for Q2 paints a better picture of the opportunity. The company expects to generate $2.7 billion to $2.9 billion. That translates into revenue growth rate ranging from 50% to 61% YOY. Therefore, with that growth rate on the horizon, it’s easier to see why Supermicro stock has gained 251% YTD and is up by 2,000% over the past five years. A $16 billion market cap, 27 P/E ratio, and tremendous runway suggest more gains are ahead. Broadcom (AVGO) Source: Sasima / Shutterstock.com Broadcom (NASDAQ:AVGO)seems to have something for everyone. Shares have doubled YTD and are up by 351% over the past five years. The stock has been hitting all-time highs based on the finalized VMware acquisition and a chorus of praises from analysts, including a $1,250 price target. Also, AVGO comes with a juicy 1.90% dividend yield and an astonishing history of dividend growth. While many dividend-paying corporations raise yearly dividends by low-single-digits, Broadcom regularly raises by over 10% each year. Recently, the firm hiked its quarterly dividend from $4.60 per share to $5.25 per share, marking a 14% YOY increase. Despite a massive rally in the works, AVGO can potentially march higher. The stock recently formed a golden cross which is a bullish technical indicator. Truly, technicals and fundamentals are on the semiconductor giant’s side. Also, the VMware acquisition gives it exposure to cloud computing and cybersecurity which can propel revenue and earnings growth in future quarters. Broadcom trades at a 23 forward P/E ratio which seems reasonable for a company with its growth opportunities. And AVGO’s market cap is closing in on $500 billion. Thus, the stock can realistically eclipse a $1 trillion market cap in the next 1-3 years. On this date of publication, Marc Guberti held long positions in MSFT, SMCI, and AVGO. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Best AI Stocks 2024: 3 to Add to Your Must-Buy List appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The company also has partnerships with other chipmakers like AMD (NASDAQ:AMD) and Intel (NASDAQ:INTC). MSFT continues working on various AI solutions that can increase product retention and open up new business segments, reinforcing its title as a tech giant. In a press release for Q1 2024 earnings, leadership stated that Supermicro has experienced “continued record demand for AI-related systems at rack scale.” Also, the company grew revenue by 14% YOY in that quarter, an unexpected figure from a small growth stock in the AI space.

The company also has partnerships with other chipmakers like AMD (NASDAQ:AMD) and Intel (NASDAQ:INTC). InvestorPlace - Stock Market News, Stock Advice & Trading Tips Artificial intelligence has attracted plenty of attention as new tools challenge our abilities. Supermicro (SMCI) Source: Connect world / Shutterstock.com Supermicro (NASDAQ:SMCI) creates servers that can handle the intense workload of AI.

The company also has partnerships with other chipmakers like AMD (NASDAQ:AMD) and Intel (NASDAQ:INTC). Supermicro (SMCI) Source: Connect world / Shutterstock.com Supermicro (NASDAQ:SMCI) creates servers that can handle the intense workload of AI. In a press release for Q1 2024 earnings, leadership stated that Supermicro has experienced “continued record demand for AI-related systems at rack scale.” Also, the company grew revenue by 14% YOY in that quarter, an unexpected figure from a small growth stock in the AI space.

The company also has partnerships with other chipmakers like AMD (NASDAQ:AMD) and Intel (NASDAQ:INTC). Microsoft (MSFT) Source: The Art of Pics / Shutterstock.com It’s hard to go wrong with Microsoft (NASDAQ:MSFT). Broadcom (AVGO) Source: Sasima / Shutterstock.com Broadcom (NASDAQ:AVGO)seems to have something for everyone.

170314.0

2023-12-24 00:00:00 UTC

Guru Fundamental Report for AMD

AMD

https://www.nasdaq.com/articles/guru-fundamental-report-for-amd-60

Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum. ADVANCED MICRO DEVICES, INC. (AMD) is a large-cap growth stock in the Semiconductors industry. The rating using this strategy is 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. FUNDAMENTAL MOMENTUM: PASS TWELVE MINUS ONE MOMENTUM: PASS FINAL RANK: PASS Detailed Analysis of ADVANCED MICRO DEVICES, INC. AMD Guru Analysis AMD Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance. Additional Research Links Top NASDAQ 100 Stocks Top Technology Stocks Top Large-Cap Growth Stocks High Momentum Stocks High Insider Ownership Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). ADVANCED MICRO DEVICES, INC. (AMD) is a large-cap growth stock in the Semiconductors industry. Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.

Detailed Analysis of ADVANCED MICRO DEVICES, INC. AMD Guru Analysis AMD Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.

Detailed Analysis of ADVANCED MICRO DEVICES, INC. AMD Guru Analysis AMD Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.

Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). ADVANCED MICRO DEVICES, INC. (AMD) is a large-cap growth stock in the Semiconductors industry.

170315.0

2023-12-24 00:00:00 UTC

3 Reasons to Buy AMD Stock in 2024

AMD

https://www.nasdaq.com/articles/3-reasons-to-buy-amd-stock-in-2024

2023 was an exciting year for technology investors. The launch of ChatGPT in late 2022 opened the floodgates of interest in generative artificial intelligence (AI), and Advanced Micro Devices (NASDAQ: AMD) was a big beneficiary of the trend -- with its share price more than doubling year to date. Going into 2024, the legendary chipmaker is on track to prove itself worthy of the recent bull run. Let's discuss three reasons why its shares are still a long-term buy. 1. New AI chips can supercharge growth According to AMD's CEO, Lisa Su, the data center AI chip industry could surge from its current value of $45 billion to a jaw-dropping $400 billion by 2027. AMD's rival, Nvidia, currently dominates the opportunity with a market share of 80% because of its advanced graphics processing units (GPUs) like the h100 and a100, which trained ChatGPT. But AMD aims to capture a slice of this fast-growing pie. The company is positioning itself to compete through its new MI300 family of chips, which it claims can outperform Nvidia's flagship h100 in training and inference -- the process of running generative AI models. AMD has already secured big-name clients like Meta Platforms, OpenAI, and Microsoft, and these early adopters serve as a convincing vote of confidence in the MI300's quality. Investors should expect the new products to start lifting AMD sales significantly in 2024 and beyond. While Nvidia will likely reestablish its technical lead over AMD with new chip releases of its own, there is still plenty of room for both players in the market because of its rapid expansion and high prices. According to CNN, the AI chip market faces widespread shortages and bottlenecks. And AMD's MI300 can help solve this problem for consumers. 2. The legacy businesses are in recovery mode While AMD's burgeoning AI business is taking the spotlight, investors shouldn't lose sight of the company's legacy operations related to consumer and enterprise processors and graphics. The company faced challenges in 2022 from the post-pandemic slowdown in PC sales, inflation, and rising interest rates, which crushed people's purchasing power. Like many U.S. tech companies, it also faced ongoing challenges in China, where government policy restricts the export of America's most advanced computer hardware. The good news is that many of these headwinds seem to be in the rearview mirror. Image source: Getty Images. While AMD's total revenue only grew by 4% year over year to $5.8 billion, it enjoyed a sharp recovery in the client segment, which refers to chips for PCs and laptop makers. Sales in this business rose 42% to $1.5 billion because of the popularity of AMD's new Ryzen 7000 processors for PCs. The company has also stabilized its bottom line. Third-quarter operating income surged from a loss of $64 million to a gain of $224 million through cost-cutting and increasing sales of its higher-margin hardware. And while China remains an overhang, the company is considering making specific, less advanced chips for the country to comply with U.S. export controls. 3. Shares may be a cheaper alternative to Nvidia When it comes to AI chips, Nvidia remains the elephant in the room. With its advantages in market share and development speed, the GPU specialist will likely remain the biggest winner in the long-term opportunity. But that doesn't mean investors should ignore other options. With its price-to-sales (P/S) multiple of 9.9 compared to Nvidia's 26.7, AMD is cheaper than its rival based on backward-looking metrics. To be fair, both companies' "true" valuations may have to do more with how they are expected to perform in the future. And with a much faster growth rate, Nvidia still has the edge. But as the upstart, AMD boasts the potential to exceed analysts' expectations with its new AI chips, making it an under-the-radar way to bet on this fast-growing market in 2024 and beyond. Should you invest $1,000 in Advanced Micro Devices right now? Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Advanced Micro Devices wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of the S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Will Ebiefung has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Meta Platforms, Microsoft, and Nvidia. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The launch of ChatGPT in late 2022 opened the floodgates of interest in generative artificial intelligence (AI), and Advanced Micro Devices (NASDAQ: AMD) was a big beneficiary of the trend -- with its share price more than doubling year to date. AMD has already secured big-name clients like Meta Platforms, OpenAI, and Microsoft, and these early adopters serve as a convincing vote of confidence in the MI300's quality. New AI chips can supercharge growth According to AMD's CEO, Lisa Su, the data center AI chip industry could surge from its current value of $45 billion to a jaw-dropping $400 billion by 2027.

The launch of ChatGPT in late 2022 opened the floodgates of interest in generative artificial intelligence (AI), and Advanced Micro Devices (NASDAQ: AMD) was a big beneficiary of the trend -- with its share price more than doubling year to date. New AI chips can supercharge growth According to AMD's CEO, Lisa Su, the data center AI chip industry could surge from its current value of $45 billion to a jaw-dropping $400 billion by 2027. AMD's rival, Nvidia, currently dominates the opportunity with a market share of 80% because of its advanced graphics processing units (GPUs) like the h100 and a100, which trained ChatGPT.

The launch of ChatGPT in late 2022 opened the floodgates of interest in generative artificial intelligence (AI), and Advanced Micro Devices (NASDAQ: AMD) was a big beneficiary of the trend -- with its share price more than doubling year to date. New AI chips can supercharge growth According to AMD's CEO, Lisa Su, the data center AI chip industry could surge from its current value of $45 billion to a jaw-dropping $400 billion by 2027. AMD's rival, Nvidia, currently dominates the opportunity with a market share of 80% because of its advanced graphics processing units (GPUs) like the h100 and a100, which trained ChatGPT.

The launch of ChatGPT in late 2022 opened the floodgates of interest in generative artificial intelligence (AI), and Advanced Micro Devices (NASDAQ: AMD) was a big beneficiary of the trend -- with its share price more than doubling year to date. New AI chips can supercharge growth According to AMD's CEO, Lisa Su, the data center AI chip industry could surge from its current value of $45 billion to a jaw-dropping $400 billion by 2027. AMD's rival, Nvidia, currently dominates the opportunity with a market share of 80% because of its advanced graphics processing units (GPUs) like the h100 and a100, which trained ChatGPT.

170316.0

2023-12-24 00:00:00 UTC

A Bull Market Is Coming: 2 Stock-Split Stocks to Buy as Part of Your 2024 New Year's Resolution

AMD

https://www.nasdaq.com/articles/a-bull-market-is-coming%3A-2-stock-split-stocks-to-buy-as-part-of-your-2024-new-years

Technically speaking, the benchmark S&P 500 index has been in a bear market since falling more than 20% from its all-time high in 2022. Some Wall Street analysts have already called it the beginning of a new bull market because the S&P 500 since climbed more than 20% from its October 2022 low point. But a consensus won't be reached until the index logs a new all-time high. Here's the good news: It only has to gain another 0.5% to get there. With that in mind, history suggests 2024 is almost certain to be another positive year for the S&P 500, which would all but guarantee a new bull market by every definition. Here's why investors might want to welcome the new year with shares of Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) and Advanced Micro Devices (NASDAQ: AMD). Image source: Alphabet. 1. Alphabet (Google) Google was founded in 1998, and it came public in 2004 valued at $23 billion. It began trading under Alphabet in 2015 because the company had essentially become a conglomerate, following several acquisitions like YouTube and Waymo, and the important internal expansion into cloud computing. Today, Alphabet is worth nearly $1.8 trillion, and that incredible value creation prompted management to execute two stock splits since 2014 to ensure its stock remained accessible to small investors. Those investors might be thankful this year, because Alphabet gained 60%, which is more than twice the return of the S&P 500 -- and 2024 could be another strong year. Google search remains Alphabet's largest source of revenue. It struggled over the last 18 months with a challenging economic environment, but with interest rates poised to fall next year, businesses will likely ramp up their advertising spending once again. That could reignite Google's search revenue and drive growth for Alphabet overall. But artificial intelligence (AI) has been another challenge. Alphabet entered 2023 on the back foot as Microsoft acquired a $10 billion stake in leading start-up OpenAI. Microsoft immediately integrated ChatGPT into its Bing search engine, and it threatened to change the way people find information on the internet -- prompting a chatbot and receiving direct answers is far more convenient than sifting through web pages. But Alphabet rose to the occasion and launched its own chatbot called Bard. It also embedded AI into the traditional Google search experience, and users will now find the information they seek at the top of the search results without having to click through to any web pages. But December marked Alphabet's biggest leap forward in AI so far with the release of its new Gemini model. Gemini's multimodal capabilities -- like creating and understanding text, images, videos, and computer code -- appear to outperform OpenAI's latest GPT-4 models, according to statistics released by Alphabet. It could be a game changer for the company, especially for Google Cloud because it faces fierce competition from the highly successful Microsoft Azure OpenAI Service, and Amazon Web Services, which features a growing number of models. But valuation might be the biggest story for Alphabet heading into the new year. The company is on track to deliver $5.74 in earnings per share for 2023, and based on its stock price of $140.42, it trades at a price-to-earnings (P/E) ratio of just 24. That's a 17% discount to the Nasdaq-100 technology index, and it's also 32% cheaper than Microsoft's P/E of 36. I think Alphabet has the pedigree to trade alongside its AI rival, so investors might enjoy another year of strong upside in 2024. 2. Advanced Micro Devices Advanced Micro Devices was founded in 1969, and it went public in 1972. Its stock has since delivered a blockbuster gain of 24,150%, prompting management to execute six stock splits since 1978 to ensure it remains accessible to smaller investors. But it could be set for substantial gains going forward, too, as it races to catch its rival Nvidia (NASDAQ: NVDA) in the race to develop AI data center chips. AMD is one of the largest chip companies in the world. Its hardware powers some of the most popular consumer electronics, including the Sony PlayStation 5, which just crossed 50 million units sold. AMD's chips can also be found in the infotainment centers inside Tesla's electric vehicles. But the company's largest-ever opportunity will likely be in the data center. Nvidia CEO Jensen Huang says there is $1 trillion worth of existing data center infrastructure that needs upgrading to support accelerated computing and AI. His company has a dominant share in that market thanks to its powerful H100 graphics processor (GPU) and the upcoming H200. But AMD is launching a challenge with its new lineup of data center chips designed for AI workloads, called the MI300. It comes in a few configurations; the MI300X is a pure GPU, whereas the MI300A combines GPU and central processor (CPU) chips to create the world's first accelerated processing unit (APU) for data centers. AMD has already started shipping the MI300A to the Lawrence Livermore National Laboratory for its new El Capitan supercomputer, which is expected to be the most powerful in the world when it comes online next year. In fact, 2024 could be the biggest year ever for AMD's data center segment, because it expects to exceed $2 billion in sales from GPUs alone. AMD delivered a lackluster financial performance in 2023, as consumers spent less on computers and devices under the weight of high inflation and rising interest rates. But Wall Street is forecasting $3.73 in earnings per share in 2024, representing 40% growth at the bottom line. That would place AMD stock at a forward P/E ratio of 37.4, which is a premium to the current 29.6 P/E of the Nasdaq-100. However, AMD estimates the market for its AI data center chips will grow to $400 billion by 2027, so next year's sales will barely scratch the surface of its opportunity. Paying a premium for AMD stock today might actually seem like a total bargain looking back on this moment a few years from now. Should you invest $1,000 in Alphabet right now? Before you buy stock in Alphabet, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Alphabet wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Microsoft, Nvidia, and Tesla. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

AMD has already started shipping the MI300A to the Lawrence Livermore National Laboratory for its new El Capitan supercomputer, which is expected to be the most powerful in the world when it comes online next year. Here's why investors might want to welcome the new year with shares of Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) and Advanced Micro Devices (NASDAQ: AMD). AMD is one of the largest chip companies in the world.

Here's why investors might want to welcome the new year with shares of Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) and Advanced Micro Devices (NASDAQ: AMD). AMD is one of the largest chip companies in the world. AMD's chips can also be found in the infotainment centers inside Tesla's electric vehicles.

Here's why investors might want to welcome the new year with shares of Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) and Advanced Micro Devices (NASDAQ: AMD). AMD is one of the largest chip companies in the world. AMD's chips can also be found in the infotainment centers inside Tesla's electric vehicles.

But AMD is launching a challenge with its new lineup of data center chips designed for AI workloads, called the MI300. Here's why investors might want to welcome the new year with shares of Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) and Advanced Micro Devices (NASDAQ: AMD). AMD is one of the largest chip companies in the world.

170317.0

2023-12-24 00:00:00 UTC

3 Reasons to Buy Intel Stock in 2024

AMD

https://www.nasdaq.com/articles/3-reasons-to-buy-intel-stock-in-2024

It's been a rough few years for chip giant Intel (NASDAQ: INTC). The post-pandemic PC market has been a disaster, and the company has lost market share to rival Advanced Micro Devices in PC and server CPUs. As revenue and profits were collapsing, Intel forged ahead with its expensive plan to build out its own foundry business. Until recently, the market was not optimistic. Investors appear to be warming up to Intel's comeback story. Intel stock has soared about 80% this year, albeit from a depressed level. Looking ahead to 2024 and beyond, Intel stock could continue to reward investors as multiple components of the company's turnaround start to bear fruit. 1. A manufacturing comeback Up until around 2017, Intel faced no real competition in the PC or server CPU markets. AMD was struggling, weighed down by bad decisions made in the early 2010s. Intel was having trouble bringing its 10nm manufacturing process to volume production, but it barely mattered. The 10nm process was originally set to be ready by 2016, but it eventually got pushed back multiple times and by multiple years. These delays finally caught up to Intel once AMD got its act together. With its Ryzen PC CPUs and EPYC server CPUs, both built using advanced manufacturing processes from Taiwan Semiconductor, AMD would chip away at Intel's market share and eventually surpass the market leader in terms of performance and efficiency. For Intel to make the manufacturing investments necessary to catch up with TSMC and AMD, it needed to radically change its business model. The company is now full steam ahead with building out its own foundry business, aiming to become a major player in the business of making chips for others. Intel is pulling out all the stops. An aggressive roadmap is so far on track, with the Intel 4 process now being used for the company's Meteor Lake laptop chips, Intel 3 set to be used for 2024's server CPU lineup, Intel 20A planned for Arrow Lake PC CPUs later in 2024, and Intel 18A expected to be ready to go by the end of next year. Intel 20A and Intel 18A will bring a host of innovations, including a new transistor design and backside power delivery. Intel believes the 18A process will be more advanced than TSMC's upcoming N2 process, which isn't scheduled to arrive until a year later. If Intel's claims hold water, chip designers needing the most advanced manufacturing tech will be knocking on Intel's door. The foundry market is worth more than $100 billion today and is expected to more than double in size by 2032. While it will take years to play out, the foundry business could one day generate more revenue for Intel than anything else the company does. 2. A PC recovery After two years of relentless declines, global PC shipments are expected to return to growth in the fourth quarter of this year. 2024 is unlikely to be a blockbuster year for the PC industry, but Gartner is predicting 4.9% shipment growth. That's a welcome reprieve from a brutal post-pandemic environment for PC and component makers. The PC recovery is lined up perfectly with Intel's Meteor Lake laptop CPUs, which officially launched earlier this month. Meteor Lake brings multiple innovations to the table, including a tiled architecture that allows Intel to mix and match manufacturing processes, and built-in AI hardware. It will take some doing on the marketing front to convince consumers that they need an "AI PC." Offloading AI inference tasks, like blurring the background in a Zoom call, to dedicated AI hardware frees up the CPU and GPU, resulting in a snappier experience and better battery life. But that's not the kind of whiz-bang, must-have feature that necessarily gets consumers excited. Even so, Intel's new chips will show up in more than 230 systems over the next year. Intel plans to launch Arrow Lake chips later in 2024, which should find its way into desktop systems as well. And looking further ahead to 2025, the planned end-of-life for Windows 10 could trigger a major PC upgrade cycle. While Intel's PC business is still struggling today, a solid recovery in 2024 and 2025 looks likely for the chip giant. 3. Taking back the server CPU market While Intel has remained competitive in the PC CPU market over the past few years, it's struggling mightily against AMD's latest server CPUs. Intel's heavily delayed Sapphire Rapids chips finally launched last January, but in terms of raw performance and efficiency, AMD's Genoa chips reigned supreme. Intel has gained some ground with Emerald Rapids, launched earlier this month, but the company is still playing from behind. Intel's comeback should begin in earnest next year when the company launches two families of server CPUs built on its Intel 3 process. Granite Rapids will be focused on power, and it will likely boost the core count to better compete with AMD. Sierra Forest will be focused on efficiency, with massive quantities of lower-performance cores tuned for cloud workloads. This is a case where Intel's manufacturing gains should pay off. Intel 3, a 3nm-class node that uses extreme ultraviolet lithography, should bring significant performance and efficiency improvements over both Sapphire Rapids and Emerald Rapids, which are made using Intel's aging Intel 7 process. In 2025, Clearwater Forest will succeed Sierra Forest and move to the Intel 18A process. Nothing is known about the follow-up to Granite Rapids, but it will likely make the same jump. If Intel succeeds in regaining its manufacturing edge over TSMC in late 2024, the company will be in a great position to win back some lost market share from AMD. Should you invest $1,000 in Intel right now? Before you buy stock in Intel, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Intel wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Timothy Green has positions in Intel. The Motley Fool has positions in and recommends Advanced Micro Devices, Taiwan Semiconductor Manufacturing, and Zoom Video Communications. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

If Intel succeeds in regaining its manufacturing edge over TSMC in late 2024, the company will be in a great position to win back some lost market share from AMD. AMD was struggling, weighed down by bad decisions made in the early 2010s. These delays finally caught up to Intel once AMD got its act together.

With its Ryzen PC CPUs and EPYC server CPUs, both built using advanced manufacturing processes from Taiwan Semiconductor, AMD would chip away at Intel's market share and eventually surpass the market leader in terms of performance and efficiency. AMD was struggling, weighed down by bad decisions made in the early 2010s. These delays finally caught up to Intel once AMD got its act together.

AMD was struggling, weighed down by bad decisions made in the early 2010s. These delays finally caught up to Intel once AMD got its act together. With its Ryzen PC CPUs and EPYC server CPUs, both built using advanced manufacturing processes from Taiwan Semiconductor, AMD would chip away at Intel's market share and eventually surpass the market leader in terms of performance and efficiency.

Intel's heavily delayed Sapphire Rapids chips finally launched last January, but in terms of raw performance and efficiency, AMD's Genoa chips reigned supreme. AMD was struggling, weighed down by bad decisions made in the early 2010s. These delays finally caught up to Intel once AMD got its act together.

170313.0

2023-12-25 00:00:00 UTC

Turn $50,000 into $100,000: 3 Tech Giants Set to Skyrocket in 2025

AMD

https://www.nasdaq.com/articles/turn-%2450000-into-%24100000%3A-3-tech-giants-set-to-skyrocket-in-2025

InvestorPlace - Stock Market News, Stock Advice & Trading Tips As the tech landscape evolves, investors seek lucrative avenues for maximizing their investments. In 2025, the trajectories of key tech giants will beckon attention, promising substantial growth and innovation in AI and interactive media. The first pioneering endeavors in leveraging AI for advertising and business interactions. Whereas the second one’s strides in AI-centric solutions through acquisitions and GPU advancements. Lastly, the third one’s multifaceted dominance spanning gaming, professional visualization, and automotive sectors outlines a compelling narrative of technological prowess and market potential. The article delves into the pivotal advancements and strategic maneuvers propelling these titans, unraveling the investment prospects and technological breakthroughs shaping the future of these industry leaders. Meta (META) Source: Chinnapong / Shutterstock.com Meta’s (NASDAQ:META) significant investment in AI (including generative AI) has released new consumer experiences and AI-powered tools. For instance, leveraging AI tools for advertisers resulted in Advantage+ shopping campaigns reaching a $10 billion run rate (during Q3 2023). This demonstrates Meta’s use of AI to enhance advertising effectiveness. Additionally, integrating AI into various services, especially business messaging, has yielded positive outcomes. Meta’s platforms had over 600 million daily conversations between people and businesses. This integration of AI-driven business messaging tools showcases the company’s efforts to revolutionize business interactions. Therefore, the potential for cost-effective, AI-driven customer interactions across different economies indicates Meta’s focus on enhancing user experiences. On the other hand, Threads, a relatively new platform, gained nearly 100 million monthly active users within three months. This indicates the potential for further growth and community expansion. Meta’s ability to swiftly attract a substantial user base to a new platform suggests its capability to innovate. The company also capitalizes by diversifying its product portfolio, catering to various user preferences and behaviors. Moreover, the Family of Apps segment has a substantial ad revenue growth of 24% year-over-year, reaching $33.6 billion, representing the effectiveness of Meta’s advertising monetization strategies. Notably, specific verticals like online commerce, consumer packaged goods (CPG), and gaming were major contributors to this growth. This diversification in ad revenue sources showcases Meta’s ability to attract advertising spend from various industry segments, reducing dependency on a single market. Finally, Meta’s Family of Apps generated $293 million in other revenue beyond ad revenue (Q3 2023). This magnitude is primarily driven by solid business messaging revenue growth on the WhatsApp Business Platform. Therefore, the diversified revenue stream beyond traditional advertising revenue sources highlights Meta’s efforts to explore and capitalize on various avenues for monetization within its platforms. AMD (AMD) Source: JHVEPhoto / Shutterstock.com AMD’s (NASDAQ:AMD) relentless pursuit of executing its AI roadmap and strategic acquisitions has fortified its position in the AI domain. The company represents significant progress in executing its AI roadmap by advancing its next-gen Turin server processors. These processors are based on the Zen 5 core, delivering substantial performance and efficiency gains. Also, the positive customer feedback during the testing phase underscores the potential impact of Turin, which is slated for launch in 2024. Thus, AMD has a solid focus on continuous innovation and developing cutting-edge AI-centric solutions. Furthermore, AMD’s strategic acquisitions of Mipsology and Nod.AI have augmented its AI software capabilities and technological expertise. Mipsology’s AI software and solutions expertise aligns with AMD’s adaptive System-on-Chip (SOCs) for data centers, edge, and embedded markets. Meanwhile, Nod.ai brings in a highly experienced team with expertise in AI compilers and software. These acquisitions strengthen AMD’s capabilities to deploy high-performance AI models optimized for various processors. As a result, these acquisitions fortify AMD’s AI ecosystem, enhancing its competitive edge in delivering optimized AI solutions across multiple market segments. Fundamentally, there is a notable momentum witnessed in AMD’s Data Center GPU business. Notably, the business anticipates exceeding $2 billion in revenue in 2024. This signifies the company’s rapid growth potential in the burgeoning AI-focused GPU market. Here, AMD’s progress in the MI300 accelerated ramp, combined with commitments from hyperscalers and customers, indicates the substantial traction and demand for AI solutions. Overall, the company’s shift towards AI-centric workloads, especially for large language model inference. This positions MI300 as a significant player in the AI domain. At a broader level, strong engagements across the cloud, enterprise, and startup sectors validate the market’s acceptance and readiness for AMD’s AI solutions. NVIDIA (NVDA) Source: Michael Vi / Shutterstock.com NVIDIA’s (NASDAQ:NVDA) collaborations and partnerships, particularly with Microsoft’s (NASDAQ:MSFT) Azure, signify a concerted effort to expand cloud-based AI solutions and develop comprehensive enterprise-grade offerings. The AI Foundry service introduced in collaboration with Microsoft Azure represents NVIDIA’s focus on aiding enterprises in developing custom generative AI applications. Additionally, NVIDIA’s robust performance extends beyond the Data Center segment. This is evident in its success across diverse sectors, including gaming, professional visualization (Pro Vis), and automotive industries. Notably, there is a remarkable surge in gaming revenue, with a 15% sequential increase and an impressive 80% year-on-year growth (Q3 fiscal 2024). This underscores NVIDIA’s dominant position in the gaming ecosystem. Moreover, the company’s innovations, particularly integrating RTX ray tracing and deep learning super sampling (DLSS) technology, have propelled strong demand among gamers and content creators. The extensive RTX ecosystem, boasting over 475 RTX-enabled games and applications, further cements NVIDIA’s stronghold as the preferred platform for high-performance gaming and AI applications. Furthermore, the Pro Vis and Automotive sectors have also experienced substantial growth, driven by NVIDIA’s RTX platform and AI-related applications. In Pro Vis, NVIDIA’s RTX platform has emerged as the preferred choice for professional design, engineering, and simulation use cases. Additionally, integrating AI applications in healthcare imaging, smart spaces, and the public sector highlights the expanding applications and demand for NVIDIA’s technology beyond traditional sectors. Finally, NVIDIA’s leads in diversifying revenue streams across gaming, Pro Vis, and automotive sectors underscore its market penetration, technological prowess, and versatility in catering to diverse industry verticals. Therefore, the company’s dominance in these sectors solidifies its position as an industry leader. As of this writing, Yiannis Zourmpanos held a long position in META. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Turn $50,000 into $100,000: 3 Tech Giants Set to Skyrocket in 2025 appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source: JHVEPhoto / Shutterstock.com AMD’s (NASDAQ:AMD) relentless pursuit of executing its AI roadmap and strategic acquisitions has fortified its position in the AI domain. Thus, AMD has a solid focus on continuous innovation and developing cutting-edge AI-centric solutions. Furthermore, AMD’s strategic acquisitions of Mipsology and Nod.AI have augmented its AI software capabilities and technological expertise.

As a result, these acquisitions fortify AMD’s AI ecosystem, enhancing its competitive edge in delivering optimized AI solutions across multiple market segments. Source: JHVEPhoto / Shutterstock.com AMD’s (NASDAQ:AMD) relentless pursuit of executing its AI roadmap and strategic acquisitions has fortified its position in the AI domain. Thus, AMD has a solid focus on continuous innovation and developing cutting-edge AI-centric solutions.

Source: JHVEPhoto / Shutterstock.com AMD’s (NASDAQ:AMD) relentless pursuit of executing its AI roadmap and strategic acquisitions has fortified its position in the AI domain. As a result, these acquisitions fortify AMD’s AI ecosystem, enhancing its competitive edge in delivering optimized AI solutions across multiple market segments. Thus, AMD has a solid focus on continuous innovation and developing cutting-edge AI-centric solutions.

As a result, these acquisitions fortify AMD’s AI ecosystem, enhancing its competitive edge in delivering optimized AI solutions across multiple market segments. Source: JHVEPhoto / Shutterstock.com AMD’s (NASDAQ:AMD) relentless pursuit of executing its AI roadmap and strategic acquisitions has fortified its position in the AI domain. Thus, AMD has a solid focus on continuous innovation and developing cutting-edge AI-centric solutions.

170309.0

2023-12-26 00:00:00 UTC

The $3.2 Billion Reason Intel (INTC) Stock Is Higher Today

AMD

https://www.nasdaq.com/articles/the-%243.2-billion-reason-intel-intc-stock-is-higher-today

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Shares of tech powerhouse Intel (NASDAQ:INTC) popped higher on Tuesday following an announcement that the government of Israel agreed to give the company a $3.2 billion grant. On the other end of the deal, Intel will build a new $25 billion chip plant in the southern region of the nation. Subsequently, INTC stock popped higher on the underlying win-win prospect. According to a Reuters report, the deal represents the largest investment ever by a company in Israel. Notably, a bit under 10% of Intel’s global workforce operate in Israel, thus demonstrating a long history of cooperation. Under the latest agreement, Intel will expand at the Kiryat Gat site, where the tech firm already runs an existing chip plant. Per the company’s statement, the deal is an “important part of Intel’s efforts to foster a more resilient global supply chain, alongside the company’s ongoing and planned manufacturing investments in Europe and the United States.” Ofir Yosefi, deputy director general of Israel’s Investments Authority, noted that Israel chose a higher grant and tax rate over an offer for a lower grant and tax rate. Following an extensive review and independent analysis to determine economic viability, the assessment concluded that Israel would reap greater fiscal and economic benefits. INTC Stock May Benefit from a Mutually Agreeable Deal Naturally, one of the biggest benefits to Israel is the expectation for the deal to yield several thousand jobs. Intel first started a presence in the country in 1974 and now operates four development and production sites. In total, the tech giant employs nearly 12,000 people there while indirectly employing another 42,000 more. However, the positives don’t just run along a one-way street. For INTC stock, the deal should provide fuel for the underlying company’s competition in the global chip race. Many other semiconductor specialists – including Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) – have jumped ahead in the race as innovations such as generative artificial intelligence bolster demand for advanced chips. Why It Matters Currently, Wall Street analysts within the past three months have pegged INTC stock a consensus hold. This assessment breaks down as five buys, 20 holds and three sells. The average price target sits at $40.42, implying more than 19% downside risk. On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post The $3.2 Billion Reason Intel (INTC) Stock Is Higher Today appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Many other semiconductor specialists – including Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) – have jumped ahead in the race as innovations such as generative artificial intelligence bolster demand for advanced chips. Per the company’s statement, the deal is an “important part of Intel’s efforts to foster a more resilient global supply chain, alongside the company’s ongoing and planned manufacturing investments in Europe and the United States.” Ofir Yosefi, deputy director general of Israel’s Investments Authority, noted that Israel chose a higher grant and tax rate over an offer for a lower grant and tax rate. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires.

Many other semiconductor specialists – including Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) – have jumped ahead in the race as innovations such as generative artificial intelligence bolster demand for advanced chips. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Shares of tech powerhouse Intel (NASDAQ:INTC) popped higher on Tuesday following an announcement that the government of Israel agreed to give the company a $3.2 billion grant. Subsequently, INTC stock popped higher on the underlying win-win prospect.

Many other semiconductor specialists – including Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) – have jumped ahead in the race as innovations such as generative artificial intelligence bolster demand for advanced chips. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Shares of tech powerhouse Intel (NASDAQ:INTC) popped higher on Tuesday following an announcement that the government of Israel agreed to give the company a $3.2 billion grant. Per the company’s statement, the deal is an “important part of Intel’s efforts to foster a more resilient global supply chain, alongside the company’s ongoing and planned manufacturing investments in Europe and the United States.” Ofir Yosefi, deputy director general of Israel’s Investments Authority, noted that Israel chose a higher grant and tax rate over an offer for a lower grant and tax rate.

Many other semiconductor specialists – including Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) – have jumped ahead in the race as innovations such as generative artificial intelligence bolster demand for advanced chips. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Shares of tech powerhouse Intel (NASDAQ:INTC) popped higher on Tuesday following an announcement that the government of Israel agreed to give the company a $3.2 billion grant. However, the positives don’t just run along a one-way street.

170310.0

2023-12-26 00:00:00 UTC

Notable Tuesday Option Activity: MU, AMD, ADBE

AMD

https://www.nasdaq.com/articles/notable-tuesday-option-activity%3A-mu-amd-adbe

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Micron Technology Inc. (Symbol: MU), where a total of 83,692 contracts have traded so far, representing approximately 8.4 million underlying shares. That amounts to about 48.9% of MU's average daily trading volume over the past month of 17.1 million shares. Particularly high volume was seen for the $90 strike call option expiring March 15, 2024, with 14,271 contracts trading so far today, representing approximately 1.4 million underlying shares of MU. Below is a chart showing MU's trailing twelve month trading history, with the $90 strike highlighted in orange: Advanced Micro Devices Inc (Symbol: AMD) saw options trading volume of 293,850 contracts, representing approximately 29.4 million underlying shares or approximately 48.8% of AMD's average daily trading volume over the past month, of 60.2 million shares. Especially high volume was seen for the $140 strike call option expiring December 29, 2023, with 18,348 contracts trading so far today, representing approximately 1.8 million underlying shares of AMD. Below is a chart showing AMD's trailing twelve month trading history, with the $140 strike highlighted in orange: And Adobe Inc (Symbol: ADBE) options are showing a volume of 15,939 contracts thus far today. That number of contracts represents approximately 1.6 million underlying shares, working out to a sizeable 42.5% of ADBE's average daily trading volume over the past month, of 3.7 million shares. Particularly high volume was seen for the $585 strike put option expiring December 29, 2023, with 523 contracts trading so far today, representing approximately 52,300 underlying shares of ADBE. Below is a chart showing ADBE's trailing twelve month trading history, with the $585 strike highlighted in orange: For the various different available expirations for MU options, AMD options, or ADBE options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » Also see: • Institutional Holders of TTP • Target Stock Split History • Funds Holding DTCK The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Especially high volume was seen for the $140 strike call option expiring December 29, 2023, with 18,348 contracts trading so far today, representing approximately 1.8 million underlying shares of AMD. Below is a chart showing MU's trailing twelve month trading history, with the $90 strike highlighted in orange: Advanced Micro Devices Inc (Symbol: AMD) saw options trading volume of 293,850 contracts, representing approximately 29.4 million underlying shares or approximately 48.8% of AMD's average daily trading volume over the past month, of 60.2 million shares. Below is a chart showing AMD's trailing twelve month trading history, with the $140 strike highlighted in orange: And Adobe Inc (Symbol: ADBE) options are showing a volume of 15,939 contracts thus far today.

Below is a chart showing MU's trailing twelve month trading history, with the $90 strike highlighted in orange: Advanced Micro Devices Inc (Symbol: AMD) saw options trading volume of 293,850 contracts, representing approximately 29.4 million underlying shares or approximately 48.8% of AMD's average daily trading volume over the past month, of 60.2 million shares. Especially high volume was seen for the $140 strike call option expiring December 29, 2023, with 18,348 contracts trading so far today, representing approximately 1.8 million underlying shares of AMD. Below is a chart showing AMD's trailing twelve month trading history, with the $140 strike highlighted in orange: And Adobe Inc (Symbol: ADBE) options are showing a volume of 15,939 contracts thus far today.

Below is a chart showing MU's trailing twelve month trading history, with the $90 strike highlighted in orange: Advanced Micro Devices Inc (Symbol: AMD) saw options trading volume of 293,850 contracts, representing approximately 29.4 million underlying shares or approximately 48.8% of AMD's average daily trading volume over the past month, of 60.2 million shares. Especially high volume was seen for the $140 strike call option expiring December 29, 2023, with 18,348 contracts trading so far today, representing approximately 1.8 million underlying shares of AMD. Below is a chart showing AMD's trailing twelve month trading history, with the $140 strike highlighted in orange: And Adobe Inc (Symbol: ADBE) options are showing a volume of 15,939 contracts thus far today.

Below is a chart showing MU's trailing twelve month trading history, with the $90 strike highlighted in orange: Advanced Micro Devices Inc (Symbol: AMD) saw options trading volume of 293,850 contracts, representing approximately 29.4 million underlying shares or approximately 48.8% of AMD's average daily trading volume over the past month, of 60.2 million shares. Especially high volume was seen for the $140 strike call option expiring December 29, 2023, with 18,348 contracts trading so far today, representing approximately 1.8 million underlying shares of AMD. Below is a chart showing ADBE's trailing twelve month trading history, with the $585 strike highlighted in orange: For the various different available expirations for MU options, AMD options, or ADBE options, visit StockOptionsChannel.com.

170311.0

2023-12-26 00:00:00 UTC

1 Magnificent Artificial Intelligence (AI) Stock to Buy Enthusiastically for 2024

AMD

https://www.nasdaq.com/articles/1-magnificent-artificial-intelligence-ai-stock-to-buy-enthusiastically-for-2024

Fool.com contributor Parkev Tatevosian discusses why the AI market has a long runway and highlights one stock that could benefit from the trend. *Stock prices used were the afternoon prices of Dec. 24, 2023. The video was published on Dec. 26, 2023. Should you invest $1,000 in Advanced Micro Devices right now? Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Advanced Micro Devices wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Fool.com contributor Parkev Tatevosian discusses why the AI market has a long runway and highlights one stock that could benefit from the trend. The 10 stocks that made the cut could produce monster returns in the coming years. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia.

Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Advanced Micro Devices wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia.

Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Advanced Micro Devices wasn't one of them. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned.

Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Advanced Micro Devices wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services.

170312.0

2023-12-26 00:00:00 UTC

3 AI Stocks Ripe to Be One of the Next Magnificent 7

AMD

https://www.nasdaq.com/articles/3-ai-stocks-ripe-to-be-one-of-the-next-magnificent-7

InvestorPlace - Stock Market News, Stock Advice & Trading Tips The emergence of artificial intelligence in 2023 was incredibly important to the markets. In fact, it’s reasonable to assume that AI may have saved the economy in 2023. 2022 was an incredibly difficult year for the markets. The Federal Reserve went on an austere march to bring inflation down with higher rates. Marcus tumbled, and recession fears were very high. And then something changed. The emergence of AI sent markets on a reverse course, with the Magnificent 7 leading the way. Those companies continue to do much of the heavy lifting today. Investors now seek to understand which firms could become similarly important moving forward due to AI. Three in particular stick out in my mind. AMD (AMD) Source: JHVEPhoto / Shutterstock.com AMD (NASDAQ:AMD) is currently the 44th most valuable stock globally. It has a long way to go if it is indeed going to crack the ranks of the Magnificent 7. That said, AMD has made some serious waves of late that suggest its opportunity is just beginning. The company recently made waves with the launch of its MI300 AI accelerator. The technology comprises both data center-grade GPUs and accelerators and has been very well received by the markets. Enterprise customers and Cloud vendors are a vital battleground for the next iteration of AI evolution. Importantly, both Meta (NASDAQ:META) and Microsoft (NASDAQ:MSFT) have said that they will buy AMD’s newest AI chip. Here’s what’s really important in that regard: Each of those firms purchased 150,000 of Nvidia’s h100 chips in Q3. There were roughly 500,000 sold in total. The fact that meta and Microsoft are willing to switch speaks volumes about Nvidia’s pricing and the belief of those firms in AMD’s newest chips. Adobe (ADBE) Source: Shutterstock Adobe (NASDAQ:ADBE) continues to be a very strong AI company and tech stock but also seemingly always just outside the top echelon. Regardless, it’s a strong firm with AI offerings, including Sensei and Firefly. Adobe is currently the 32nd most valuable firm globally based on market cap putting it in the top spot among firms discussed here. The company recently released its 4th quarter earnings, which were quite strong. The company posted earnings per share of $4.27 which exceeded analyst expectations overall. Revenues exceeded $5 billion in the quarter, settling at $5.05 billion. That figure was roughly 30 million dollars above what Wall Street was expecting. That strongly implies that Adobe’s AI Investments are having their intended effect. 2023 has been dominated by AI, in particular, generative AI. That’s an area where Adobe particularly shines due to its strong offerings in all things related to graphics. The company currently sits far Outside The Magnificent Seven in terms of market cap but if generative AI can produce greater revenues in relation to graphics moving forward, then Adobe will be a winner. Salesforce (CRM) Source: IgorGolovniov / Shutterstock.com Salesforce (NYSE:CRM), Like the other two stocks on this list, lies well outside the market cap levels of the Magnificent 7. It is just a few slots behind Adobe and is currently the 37th most valuable company globally based on market cap. I think there are two primary reasons for investors to consider Salesforce at the moment. First of all, the company is doing well on a fundamental basis. During the most recent quarter, the company’s earnings per share exceeded expectations on revenues that increased by 11.5%. Further, Salesforce has invested in AI and includes services such as Salesforce Einstein and Einstein GPT. Investors should be aware that macroeconomic factors favor the company at the moment. Over the next few months the cost of lending is likely to decline leading firms to invest more heavily in customer relationship management. Salesforce dominates the sector and is likely to only get stronger as business spending spikes as a result of future rate cuts. On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 AI Stocks Ripe to Be One of the Next Magnificent 7 appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source: JHVEPhoto / Shutterstock.com AMD (NASDAQ:AMD) is currently the 44th most valuable stock globally. That said, AMD has made some serious waves of late that suggest its opportunity is just beginning. Importantly, both Meta (NASDAQ:META) and Microsoft (NASDAQ:MSFT) have said that they will buy AMD’s newest AI chip.

Source: JHVEPhoto / Shutterstock.com AMD (NASDAQ:AMD) is currently the 44th most valuable stock globally. That said, AMD has made some serious waves of late that suggest its opportunity is just beginning. Importantly, both Meta (NASDAQ:META) and Microsoft (NASDAQ:MSFT) have said that they will buy AMD’s newest AI chip.

Importantly, both Meta (NASDAQ:META) and Microsoft (NASDAQ:MSFT) have said that they will buy AMD’s newest AI chip. Source: JHVEPhoto / Shutterstock.com AMD (NASDAQ:AMD) is currently the 44th most valuable stock globally. That said, AMD has made some serious waves of late that suggest its opportunity is just beginning.

Source: JHVEPhoto / Shutterstock.com AMD (NASDAQ:AMD) is currently the 44th most valuable stock globally. That said, AMD has made some serious waves of late that suggest its opportunity is just beginning. Importantly, both Meta (NASDAQ:META) and Microsoft (NASDAQ:MSFT) have said that they will buy AMD’s newest AI chip.

170305.0

2023-12-27 00:00:00 UTC

3 Semiconductor Stocks Set to Capitalize on Generative AI

AMD

https://www.nasdaq.com/articles/3-semiconductor-stocks-set-to-capitalize-on-generative-ai

InvestorPlace - Stock Market News, Stock Advice & Trading Tips The semiconductor landscape stands on the precipice of transformative innovation, driven by technological prowess and market dynamism. Three key players are carving paths toward groundbreaking advancements in generative AI and emerging technologies. The first one has its strategic market penetrations. Meanwhile, the second has comprehensive AI solutions, and the third has a relentless pursuit of technological milestones. These companies are redefining the semiconductor industry’s trajectory. These giants showcase a tapestry of innovations, from powering cutting-edge smartphones to enabling electric vehicles (EVs) and revolutionizing data centers. The first focuses on GaN and SiC technologies for multiple sectors, the second one’s diverse AI platforms and the third’s ambitious node development underscores a commitment to shaping the future. This article delves into these semiconductor stocks regarding strategies, market positioning and technological leaps, illuminating the intricate dance between innovation and market demand and highlighting their pivotal roles in shaping the semiconductor industry’s landscape. Navitas (NVTS) Source: Shutterstock Navitas‘ (NASDAQ:NVTS) effective partnerships and market penetrations reinforce its growth potential. Samsung Sandstone adopted the company’s integrated gallium nitride (GaN) to power the latest Galaxy S-23 and other models. That signifies a vital market win and immediate contribution to revenue ramp-up in Q3 and Q4. Additionally, Navitas focuses on mobile and consumer segments, evident from over a dozen customer projects in development. The company is targeting the fastest charging segment of 100 watts or more, projected to contribute over $10 million annually in revenue. In the solar and energy storage markets, macroeconomic factors led to some near-term market softness impacting Navitas’ silicon carbide (SiC) business. The company foresees robust growth in its customer pipeline, aligning with the anticipated market recovery in H2 2024. Similarly, Navitas observed significant increases in its customer pipeline for onboard and roadside chargers in the electric vehicle market. A 6.6 kilowatt, 800-volt onboard charger platform has been developed, integrating Gen 3 fast silicon carbide devices and GaN safe IC. That indicates Navitas’ focus on innovation and its ability to cater to evolving market demands. The company responded to the increasing power demands of AI and edge computing in the data center sector with a new alternating current (AC) to direct current (DC) platform design. Thus, it is showcasing superior energy efficiencies and power density. As a result, these efficiencies attract many projects in its customer pipeline. Finally, Navitas’ customer pipeline is expanding in the appliance and industrial sectors. That drives regulatory requirements for energy efficiency and consumer demands for power density improvements, demonstrating the company’s market traction. Super Micro (SMCI) Source: Owlie Productions / Shutterstock.com Super Micro’s (NASDAQ:SMCI) comprehensive AI solution portfolio encompasses various platforms, including the Nvidia (NASDAQ:NVDA) HGX-H100, Intel (NASDAQ:INTC) Gaudi 2 and AMD (NASDAQ:AMD) MI250, MI300X and MI300A-based platforms. That diverse range of offerings allows the company to enhance its market competitiveness and potentially increase its market share in the accelerated computing space. Additionally, the company’s focus on continuous innovation is evident from its consistent efforts to launch new AI-optimized platforms. Introducing products like the Nvidia CG1, CG2 Grace Hopper Superchip, and Nvidia Grace CPU Superchip highlights Super Micro’s agility in responding to market demands and staying ahead in the rapidly evolving AI technology. To be specific, Super Micro focuses on enhancing storage solutions. That includes PCIe Gen 5-based E1.S and E3.S Petascale All-Flash storage servers, suggesting its focus on catering to evolving storage needs. That innovation aligns with the increasing demand for high-performance storage solutions to handle massive datasets. It expands Super Micro’s offerings further and addresses clients’ requirements comprehensively. Moving to operating leverage and the bottom line, the company can maintain substantial operating leverage during a traditionally soft quarter. That is evident from its non-GAAP earnings hitting $3.43 per share (Q1 fiscal 2024), indicating operational efficiency and cost management. Hence, this stability in earnings suggests Super Micro’s ability to generate consistent profits even amidst challenging market conditions. Finally, Super Micro has a positive cash flow generation of $271 million and a debt reduction of $144 million, highlighting its robust financial position and effective debt management strategies. Lastly, the company’s expansion plans include surpassing the current capacity of 4000 racks per month and expanding revenue capacity beyond $20 billion. Therefore, this represents its confidence in sustained growth and preparedness for scaling operations. Intel (INTC) Intel’s progression in achieving notable process and product milestones reflects its focus on innovation and technological advancement. The company’s emphasis on node development and manufacturing efficiency is reflected in various achievements. Fundamentally, the strategic goal of achieving five nodes within a four-year timeline underscores Intel’s ambition and dedication to technological progression. The milestone of completing Intel 7 and delivering nearly 150 million units (Alder Lake, Raptor Lake and Sapphire Rapids) to the market, demonstrates the company’s execution capabilities. Furthermore, initiating shipments for Meteor Lake on Intel 4 during Q3 2023 was a crucial step forward. The company has aggressively ramped up highly productive Extreme Ultraviolet Lithography (EUV) tools. That provides over a 20% capital efficiency advantage compared to earlier tools, highlighting Intel’s focus on enhancing manufacturing efficiency. Additionally, high-volume EUV manufacturing is expanding in Oregon and Ireland. That shows Intel’s geographic diversification and resilience in establishing itself as a leading semiconductor manufacturer across major regions globally. Similarly, Intel’s focus on advancing semiconductor technology is evident through its pioneering developments in transistor architecture, specifically RibbonFET and PowerVia. These innovations mark significant milestones in the pursuit of industry-leading process technology. Specifically, the progression into the angstrom era with Intel 20A and Intel 18A indicates a forward leap in Intel’s technological edge. Also, milestones like the 0.9 release of the Process Design Kit (PDK) for Intel 18A indicate readiness for commercial production. Lastly, completing the invention phase for RibbonFET and PowerVIA marks a critical step forward. Intel’s move towards production-ready, industry-leading process technology underscores the company’s pursuit of innovation and ability to push technological boundaries. As of this writing, Yiannis Zourmpanos held a long position in INTC. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Semiconductor Stocks Set to Capitalize on Generative AI appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Super Micro (SMCI) Source: Owlie Productions / Shutterstock.com Super Micro’s (NASDAQ:SMCI) comprehensive AI solution portfolio encompasses various platforms, including the Nvidia (NASDAQ:NVDA) HGX-H100, Intel (NASDAQ:INTC) Gaudi 2 and AMD (NASDAQ:AMD) MI250, MI300X and MI300A-based platforms. The first focuses on GaN and SiC technologies for multiple sectors, the second one’s diverse AI platforms and the third’s ambitious node development underscores a commitment to shaping the future. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires.

Super Micro (SMCI) Source: Owlie Productions / Shutterstock.com Super Micro’s (NASDAQ:SMCI) comprehensive AI solution portfolio encompasses various platforms, including the Nvidia (NASDAQ:NVDA) HGX-H100, Intel (NASDAQ:INTC) Gaudi 2 and AMD (NASDAQ:AMD) MI250, MI300X and MI300A-based platforms. Finally, Super Micro has a positive cash flow generation of $271 million and a debt reduction of $144 million, highlighting its robust financial position and effective debt management strategies. Intel (INTC) Intel’s progression in achieving notable process and product milestones reflects its focus on innovation and technological advancement.

Super Micro (SMCI) Source: Owlie Productions / Shutterstock.com Super Micro’s (NASDAQ:SMCI) comprehensive AI solution portfolio encompasses various platforms, including the Nvidia (NASDAQ:NVDA) HGX-H100, Intel (NASDAQ:INTC) Gaudi 2 and AMD (NASDAQ:AMD) MI250, MI300X and MI300A-based platforms. This article delves into these semiconductor stocks regarding strategies, market positioning and technological leaps, illuminating the intricate dance between innovation and market demand and highlighting their pivotal roles in shaping the semiconductor industry’s landscape. Intel (INTC) Intel’s progression in achieving notable process and product milestones reflects its focus on innovation and technological advancement.

Super Micro (SMCI) Source: Owlie Productions / Shutterstock.com Super Micro’s (NASDAQ:SMCI) comprehensive AI solution portfolio encompasses various platforms, including the Nvidia (NASDAQ:NVDA) HGX-H100, Intel (NASDAQ:INTC) Gaudi 2 and AMD (NASDAQ:AMD) MI250, MI300X and MI300A-based platforms. That indicates Navitas’ focus on innovation and its ability to cater to evolving market demands. To be specific, Super Micro focuses on enhancing storage solutions.

170306.0

2023-12-27 00:00:00 UTC

Advanced Micro Devices (AMD) Exceeds Market Returns: Some Facts to Consider

AMD

https://www.nasdaq.com/articles/advanced-micro-devices-amd-exceeds-market-returns%3A-some-facts-to-consider

Advanced Micro Devices (AMD) closed the most recent trading day at $146.07, moving +1.85% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.14%. Meanwhile, the Dow experienced a rise of 0.3%, and the technology-dominated Nasdaq saw an increase of 0.16%. Coming into today, shares of the chipmaker had gained 17.54% in the past month. In that same time, the Computer and Technology sector gained 4.87%, while the S&P 500 gained 4.89%. Market participants will be closely following the financial results of Advanced Micro Devices in its upcoming release. The company is expected to report EPS of $0.77, up 11.59% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $6.11 billion, reflecting a 9.2% rise from the equivalent quarter last year. For the full year, the Zacks Consensus Estimates project earnings of $2.65 per share and a revenue of $22.63 billion, demonstrating changes of -24.29% and -4.13%, respectively, from the preceding year. It's also important for investors to be aware of any recent modifications to analyst estimates for Advanced Micro Devices. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Advanced Micro Devices is currently a Zacks Rank #3 (Hold). Looking at its valuation, Advanced Micro Devices is holding a Forward P/E ratio of 54.14. This expresses a premium compared to the average Forward P/E of 28.63 of its industry. Investors should also note that AMD has a PEG ratio of 4.22 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Electronics - Semiconductors industry currently had an average PEG ratio of 4.2 as of yesterday's close. The Electronics - Semiconductors industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 205, placing it within the bottom 19% of over 250 industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.0% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Advanced Micro Devices (AMD) closed the most recent trading day at $146.07, moving +1.85% from the previous trading session. Investors should also note that AMD has a PEG ratio of 4.22 right now. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report To read this article on Zacks.com click here.

Advanced Micro Devices (AMD) closed the most recent trading day at $146.07, moving +1.85% from the previous trading session. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report To read this article on Zacks.com click here. Investors should also note that AMD has a PEG ratio of 4.22 right now.

Advanced Micro Devices (AMD) closed the most recent trading day at $146.07, moving +1.85% from the previous trading session. Investors should also note that AMD has a PEG ratio of 4.22 right now. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report To read this article on Zacks.com click here.

Advanced Micro Devices (AMD) closed the most recent trading day at $146.07, moving +1.85% from the previous trading session. Investors should also note that AMD has a PEG ratio of 4.22 right now. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report To read this article on Zacks.com click here.

170307.0

2023-12-27 00:00:00 UTC

2 No-Brainer Artificial Intelligence (AI) Stocks to Buy Before 2024

AMD

https://www.nasdaq.com/articles/2-no-brainer-artificial-intelligence-ai-stocks-to-buy-before-2024

All eyes have been on artificial intelligence (AI) stocks in 2023, with the market almost singlehandedly triggering a recovery for the Nasdaq Composite after it plunged more than 30% last year. Macroeconomic headwinds curbed consumer and commercial spending in 2022, leading to a sell-off. However, the launch of OpenAI's ChatGPT in November 2022 made Wall Street bullish about tech stocks again, with countless companies restructuring their businesses to focus on the technology. As a result, the index has soared 43% since Jan. 1. According to Grand View Research, the AI market is valued at $137 billion, but is projected to exceed $1 trillion by the end of the decade, expanding at a compound annual growth rate of 37%. The significant growth potential suggests it's not too late to invest in this budding industry and profit from its long-term development. Here are two no-brainer AI stocks to buy before 2024. 1. Advanced Micro Devices Shares of Advanced Micro Devices (NASDAQ: AMD) have soared 115% year to date. Chipmakers enjoyed the most stock growth amid the AI excitement, as their hardware is crucial for training and running AI models. In fact, AMD's biggest competitor, Nvidia, has seen its shares rise more than 200% this year alongside a spike in chip sales. AMD's financials have yet to reflect its potential in the sector, with its data center revenue actually dipping just under 1% year over year in the third quarter of 2023. However, that could all change in 2024, when the company will begin shipping what it calls its most powerful graphics processing unit (GPU) ever, designed specifically to compete with Nvidia's offerings. AMD's new AI GPU, the MI300X, comes at a time when the market has grown desperate for alternatives to Nvidia, with companies looking forward to increased competition reducing the cost of chips. As a result, if the chipmaker can deliver better price-to-performance, it could have a real shot at taking a significant chunk out of Nvidia's estimated 90% market share in AI chips. The MI300X is already off to a promising start, with Microsoft's Azure announcing in November that it would become the first cloud platform to use the GPU to expand its AI capabilities. Meanwhile, AMD has partnered with Meta, Cisco, and Broadcom to build advanced AI systems. AMD's soaring stock price, alongside earnings that have yet to see a return on its investment in AI, has made its shares expensive, illustrated by the company's forward price-to-earnings ratio (P/E) of about 52. However, EPS estimates suggest the company still has much to offer new investors. Data by YCharts This chart shows AMD's earnings could hit $5 per share over the next two fiscal years. Multiplying that figure by the chipmaker's forward P/E yields a stock price of $265, projecting growth of 90% over the next two fiscal years. Consequently, AMD's stock is attractive ahead of 2024, and a no-brainer for anyone looking to invest in AI. 2. Alphabet While AMD looks likely to shake up the AI chip market next year, Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) could be poised to see big gains from the software side of the industry. In early December the company unveiled its highly anticipated large language model, Gemini. According to CEO Sundar Pichai, the new model "represents one of the biggest science and engineering efforts we've undertaken as a company." The new model is expected to be competitive with OpenAI's ChatGPT-4, and capable of crunching various forms of data such as text, video, and audio. Gemini will likely open the door to countless growth opportunities in AI. The advanced model and in-house brands like Google, Android, and YouTube could prove a powerful combination. Alphabet will have the tech to offer more efficient advertising through Google Search and YouTube, create a Search experience closer to ChatGPT, introduce AI features on its various productivity platforms, expand its range of AI tools on Google Cloud, and more. Data by YCharts These charts display the forward price-to-earnings ratios (P/E) and price-to-free cash flow for some of the most prominent names in AI right now. Alphabet has the lowest figures for both metrics, indicating its stock is currently offering the most value. Alongside free cash flow that topped $78 billion this year and a newly launched AI model, Alphabet is an exciting way to invest in the burgeoning sector. It has the funds to fuel R&D, and is potentially the biggest bargain in AI. The company's stock is a screaming buy ahead of the new year. Should you invest $1,000 in Advanced Micro Devices right now? Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Advanced Micro Devices wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Dani Cook has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Cisco Systems, Meta Platforms, Microsoft, and Nvidia. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

AMD's new AI GPU, the MI300X, comes at a time when the market has grown desperate for alternatives to Nvidia, with companies looking forward to increased competition reducing the cost of chips. AMD's soaring stock price, alongside earnings that have yet to see a return on its investment in AI, has made its shares expensive, illustrated by the company's forward price-to-earnings ratio (P/E) of about 52. Advanced Micro Devices Shares of Advanced Micro Devices (NASDAQ: AMD) have soared 115% year to date.

Advanced Micro Devices Shares of Advanced Micro Devices (NASDAQ: AMD) have soared 115% year to date. In fact, AMD's biggest competitor, Nvidia, has seen its shares rise more than 200% this year alongside a spike in chip sales. AMD's financials have yet to reflect its potential in the sector, with its data center revenue actually dipping just under 1% year over year in the third quarter of 2023.

AMD's soaring stock price, alongside earnings that have yet to see a return on its investment in AI, has made its shares expensive, illustrated by the company's forward price-to-earnings ratio (P/E) of about 52. Advanced Micro Devices Shares of Advanced Micro Devices (NASDAQ: AMD) have soared 115% year to date. In fact, AMD's biggest competitor, Nvidia, has seen its shares rise more than 200% this year alongside a spike in chip sales.

AMD's soaring stock price, alongside earnings that have yet to see a return on its investment in AI, has made its shares expensive, illustrated by the company's forward price-to-earnings ratio (P/E) of about 52. Advanced Micro Devices Shares of Advanced Micro Devices (NASDAQ: AMD) have soared 115% year to date. In fact, AMD's biggest competitor, Nvidia, has seen its shares rise more than 200% this year alongside a spike in chip sales.

170308.0

2023-12-27 00:00:00 UTC

AMD Factor-Based Stock Analysis

AMD

https://www.nasdaq.com/articles/amd-factor-based-stock-analysis-21

Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum. ADVANCED MICRO DEVICES, INC. (AMD) is a large-cap growth stock in the Semiconductors industry. The rating using this strategy is 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. FUNDAMENTAL MOMENTUM: PASS TWELVE MINUS ONE MOMENTUM: PASS FINAL RANK: PASS Detailed Analysis of ADVANCED MICRO DEVICES, INC. AMD Guru Analysis AMD Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance. Additional Research Links Top NASDAQ 100 Stocks Top Technology Stocks Top Large-Cap Growth Stocks High Momentum Stocks High Insider Ownership Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). ADVANCED MICRO DEVICES, INC. (AMD) is a large-cap growth stock in the Semiconductors industry. Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.

Detailed Analysis of ADVANCED MICRO DEVICES, INC. AMD Guru Analysis AMD Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.

Detailed Analysis of ADVANCED MICRO DEVICES, INC. AMD Guru Analysis AMD Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.

Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). ADVANCED MICRO DEVICES, INC. (AMD) is a large-cap growth stock in the Semiconductors industry.

170295.0

2023-12-28 00:00:00 UTC

XNTK: Up Nearly 70% YTD, Don’t Overlook this Tech ETF

AMD

https://www.nasdaq.com/articles/xntk%3A-up-nearly-70-ytd-dont-overlook-this-tech-etf

When many investors think of tech stocks, they think of the NASDAQ (NDX), and with good reason: the exchange is home to many of the world’s top tech companies. While the New York Stock Exchange (NYSE) doesn’t necessarily get as much attention from tech investors, it's not to be overlooked, as the ETF that invests in the NYSE Technology Index, the SPDR NYSE Technology ETF (NYSEARCA:XNTK), quietly outperformed the NASDAQ this year by a significant margin. There’s no question that the NASDAQ had a great year, gaining an incredible 54.5% year-to-date as we head into the close of 2023. But XNTK did even better, posting a jaw-dropping 71.3% gain year-to-date. I’m bullish on XNTK going forward based on the compelling group of high-powered tech stocks that it owns and its strong performance track record. I also view it as a good way for people investing in NASDAQ ETFs to gain additional exposure to some tech stocks they may miss out on by only investing in the NASDAQ. Let’s take a closer look at this under-the-radar but high-flying tech ETF. What is the XNTK ETF’s Strategy? Fund sponsor State Street explains that XNTK “seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the NYSE Technology Index," an “index composed of 35 leading US-listed technology-related companies.” This index includes companies in the Information Technology sector and technology-related stocks from the Consumer Discretionary sector. Unlike many other ETFs, XNTK is equal-weighted at its annual rebalance. This is why it isn’t dominated by a handful of mega-cap tech stocks like many other popular tech ETFs, as discussed below. What Stocks Does XNTK Own? XNTK only owns 37 stocks, but its top 10 holdings only account for 30.1% of its assets. Below is an overview of XNTK’s top 10 holdings from TipRanks’ holdings tool. As you can see, semiconductor stocks account for many of XNTK’s top 10 holdings. The top seven holdings are all related to the semiconductor industry, and this has helped to drive XNTK’s strong performance in 2023 as semiconductor stocks have soared based on advances in artificial intelligence. Top holding Broadcom (NASDAQ:AVGO) has gained over 105.5% year-to-date, while other prominent holdings like Advanced Micro Devices (NASDAQ:AMD), Intel (NASDAQ:INTC), and Lam Research (NASDAQ:LRCX) gained 127.6%, 95.2%, and 91.5%, respectively. While semiconductor stocks are heavily represented and have driven much of XNTK’s strong 2023 performance, many other types of technology stocks are represented: Intuit (NASDAQ:INTU), Netflix (NASDAQ:NFLX), and Booking Holdings (NASDAQ:BKNG) round out the top 10. Outside of its top holdings, XNTK owns some of China’s largest tech stocks, such as Alibaba (NYSE:BABA) and PDD Holdings (NASDAQ:PDD). While Alibaba struggled this year, PDD surged to a year-to-date gain of 78.9%. Uber (NYSE:UBER) was another one of XNTK's big winners, with a 150.6% gain. TipRanks’ Smart Score system rates XNTK’s portfolio highly. The Smart Score is a proprietary quantitative stock scoring system created by TipRanks. It gives stocks a score from 1 to 10 based on eight market key factors. A score of 8 or above is equivalent to an Outperform rating. Seven of XNTK’s top 10 holdings feature Outperform-equivalent Smart Scores of 8 or higher, including Broadcom, Advanced Micro Devices, and Intel, which all boast perfect 10 Smart Scores. XNTK itself features an ETF Smart Score of 8. Because XNTK rebalances to an equal weighting annually, it isn’t dominated by a small handful of mega-cap tech stocks, making it a less concentrated option than popular tech ETFs like the Invesco QQQ Trust (NASDAQ:QQQ) or the Technology Select Sector SPDR Fund (NYSEARCA:XLK). For example, QQQ’s top 10 holdings account for 45.7% of the fund, with its top two positions, Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT), making up 17.8% of assets. Meanwhile, XLK’s top 10 holdings make up 69.2% of the fund, with Apple and Microsoft combining to make up 44.5% of assets. XNTK owns these stocks, too, but as discussed above, its top 10 holdings make up just 30.5% of the fund, and Microsoft and Apple combine to make up just 5.4% of holdings. Long-Term Performance Over the past three years, XNTK has delivered an underwhelming annualized return of 5.8% (as of November 30). But over the long term, it has generated excellent returns. As of November 30, XNTK has produced a five-year annualized return of 19.3% and a 10-year return of 17.4%. These five- and 10-year returns compare favorably to the broader market. For example, as of November 30, the Vanguard S&P 500 ETF (NYSEARCA:VOO) has produced annualized returns of 12.5% and 11.8% over the five- and 10-year time frames, respectively. XNTK’s performance puts it in the same conversation as QQQ and XLK, the popular tech ETFs mentioned above. As of November 30, QQQ has generated annualized returns of 18.9% over the past five years and 17.4% over the past 10. Meanwhile, over the same time frame, XLK has produced annualized five- and 10-year returns of 23.5% and 19.9%, respectively. While XNTK has slightly lagged XLK, its performance aligns with QQQ, which is widely perceived as one of the market’s top ETFs. Ultimately, all three tech-focused powerhouses have delivered phenomenal returns over the past decade. What is XNTK’s Expense Ratio? XNTK charges an expense ratio of 0.35%, which is reasonable. This means an investor in the fund will pay $35 annually on a $10,000 investment. While this is cheaper than the expense ratios of many other ETFs, it should be noted that both QQQ and XLK are cheaper, with expense ratios of 0.20% and 0.10%, respectively. Is XNTK Stock a Buy, According to Analysts? Turning to Wall Street, XNTK earns a Moderate Buy consensus rating based on 31 buys, six Holds, and zero Sell ratings assigned in the past three months. The average XNTK stock price target of $172.38 implies 5.4% upside potential. Takeaway: XNTK is an Underrated ETF XNTK is an underrated ETF that put up a performance for the ages in 2023, besting the more popular QQQ in the process. Going forward, I’m bullish on XNTK based on its strong long-term performance and its strong collection of highly-rated blue chip tech stocks. The ETF has certainly already had quite a run. However, over the long term, it still looks promising as it gives investors exposure to themes that have plenty of growth potential, like semiconductors, artificial intelligence, and the cloud. While XNTK is a worthwhile investment in its own right, it also looks like a good way for investors to gain some tech exposure that’s a bit different than what the likes of XLK and QQQ offer, making it a good complement to these funds as well. Disclosure The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Top holding Broadcom (NASDAQ:AVGO) has gained over 105.5% year-to-date, while other prominent holdings like Advanced Micro Devices (NASDAQ:AMD), Intel (NASDAQ:INTC), and Lam Research (NASDAQ:LRCX) gained 127.6%, 95.2%, and 91.5%, respectively. I’m bullish on XNTK going forward based on the compelling group of high-powered tech stocks that it owns and its strong performance track record. Because XNTK rebalances to an equal weighting annually, it isn’t dominated by a small handful of mega-cap tech stocks, making it a less concentrated option than popular tech ETFs like the Invesco QQQ Trust (NASDAQ:QQQ) or the Technology Select Sector SPDR Fund (NYSEARCA:XLK).

Top holding Broadcom (NASDAQ:AVGO) has gained over 105.5% year-to-date, while other prominent holdings like Advanced Micro Devices (NASDAQ:AMD), Intel (NASDAQ:INTC), and Lam Research (NASDAQ:LRCX) gained 127.6%, 95.2%, and 91.5%, respectively. While the New York Stock Exchange (NYSE) doesn’t necessarily get as much attention from tech investors, it's not to be overlooked, as the ETF that invests in the NYSE Technology Index, the SPDR NYSE Technology ETF (NYSEARCA:XNTK), quietly outperformed the NASDAQ this year by a significant margin. Seven of XNTK’s top 10 holdings feature Outperform-equivalent Smart Scores of 8 or higher, including Broadcom, Advanced Micro Devices, and Intel, which all boast perfect 10 Smart Scores.

Top holding Broadcom (NASDAQ:AVGO) has gained over 105.5% year-to-date, while other prominent holdings like Advanced Micro Devices (NASDAQ:AMD), Intel (NASDAQ:INTC), and Lam Research (NASDAQ:LRCX) gained 127.6%, 95.2%, and 91.5%, respectively. While the New York Stock Exchange (NYSE) doesn’t necessarily get as much attention from tech investors, it's not to be overlooked, as the ETF that invests in the NYSE Technology Index, the SPDR NYSE Technology ETF (NYSEARCA:XNTK), quietly outperformed the NASDAQ this year by a significant margin. While semiconductor stocks are heavily represented and have driven much of XNTK’s strong 2023 performance, many other types of technology stocks are represented: Intuit (NASDAQ:INTU), Netflix (NASDAQ:NFLX), and Booking Holdings (NASDAQ:BKNG) round out the top 10.

Top holding Broadcom (NASDAQ:AVGO) has gained over 105.5% year-to-date, while other prominent holdings like Advanced Micro Devices (NASDAQ:AMD), Intel (NASDAQ:INTC), and Lam Research (NASDAQ:LRCX) gained 127.6%, 95.2%, and 91.5%, respectively. While the New York Stock Exchange (NYSE) doesn’t necessarily get as much attention from tech investors, it's not to be overlooked, as the ETF that invests in the NYSE Technology Index, the SPDR NYSE Technology ETF (NYSEARCA:XNTK), quietly outperformed the NASDAQ this year by a significant margin. What Stocks Does XNTK Own?

170296.0

2023-12-28 00:00:00 UTC

The Zacks Analyst Blog Highlights Novo Nordisk, Walmart, Advanced Micro Devices, Caterpillar and Union Pacific

AMD

https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-novo-nordisk-walmart-advanced-micro-devices-caterpillar

For Immediate Release Chicago, IL – December 28, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Novo Nordisk A/S NVO, Walmart Inc. WMT, Advanced Micro Devices, Inc. AMD, Caterpillar Inc. CAT and Union Pacific Corp. UNP. Here are highlights from Wednesday’s Analyst Blog: Top Analyst Reports for Novo Nordisk, Walmart and AMD The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Novo Nordisk A/S, Walmart Inc. and Advanced Micro Devices, Inc. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. You can see all of today's research reports here >>> Shares of Novo Nordisk have outperformed the Zacks Large-Cap Pharmaceuticals industry over the past year (+55.5% vs. +9.1%). The company beat earnings and revenue estimates in third-quarter 2023 due to higher GLP-1 product sales. It has one of the broadest diabetes portfolios in the industry. Ozempic and Rybelsus have been performing well in the diabetes market. Obesity drug Wegovy has been enjoying increasing demand. Label expansions of diabetes and obesity care drugs in cardiovascular and other indications will likely boost sales. Novo Nordisk raised its 2023 view due to higher demand for Ozempic and Wegovy. Its diversifying efforts to develop new treatments are encouraging. To tackle the supply constraints of Wegovy in international markets, Novo recently announced initiating a €2.1 billion project to expand its current manufacturing facility in Chartres, France. (You can read the full research report on Novo Nordisk here >>>) Walmart's shares have outperformed the Zacks Retail - Supermarkets industry over the past year (+10.4% vs. +9.3%). The company's performance was driven by its robust omnichannel operations aimed at improving the overall shopping experience. Walmart's strategic focus on enhancing delivery services has been especially rewarding. This is evident from the constant increase in the market share for groceries, which boosted U.S. comparable sales in the second quarter of fiscal 2024. During the quarter, the top and bottom lines grew year over year, encouraging management to raise its guidance for fiscal 2024. Strong comp sales growth globally and e-commerce growth across all units were upsides. While the gross margin increased year over year, it was partly hurt by an adverse category mix, which is likely to linger in the third quarter. Management also expects variable pay expenses to increase year over year in the third quarter. (You can read the full research report on Walmart here >>>) Shares of AMD have outperformed the Zacks Electronics - Semiconductors industry over the past year (+129.2% vs. +102.9%). The company is benefiting from portfolio strength and an expanding partner base. Strong demand for EPYC processors has been a growth driver. The launch of the Ryzen 8040 series processor with Ryzen AI and Instinct MI300 Series data center AI accelerators bodes well for top-line growth. AMD continues to benefit from acquisitions, including Xilinx and Pensando, which has diversified its business. For fourth-quarter 2023, AMD expects to witness year-over-year growth in the Data Center and Client segments by double-digit percentage. Sequentially, the Data Center segment's revenues are expected to grow on a double-digit percentage, while Client is expected to increase. However, weakness in the Gaming and Embedded segment revenues are expected to hurt top-line growth. (You can read the full research report on AMD here >>>) Other noteworthy reports we are featuring today include Caterpillar Inc. and Union Pacific Corp.. Why Haven't You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@zacks.com https://www.zacks.com Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release. Zacks Naming Top 10 Stocks for 2024 Want to be tipped off early to our 10 top picks for the entirety of 2024? History suggests their performance could be sensational. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Caterpillar Inc. (CAT) : Free Stock Analysis Report Novo Nordisk A/S (NVO) : Free Stock Analysis Report Walmart Inc. (WMT) : Free Stock Analysis Report Union Pacific Corporation (UNP) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks recently featured in the blog include: Novo Nordisk A/S NVO, Walmart Inc. WMT, Advanced Micro Devices, Inc. AMD, Caterpillar Inc. CAT and Union Pacific Corp. UNP. Here are highlights from Wednesday’s Analyst Blog: Top Analyst Reports for Novo Nordisk, Walmart and AMD The Zacks Research Daily presents the best research output of our analyst team. Shares of AMD have outperformed the Zacks Electronics - Semiconductors industry over the past year (+129.2% vs. +102.9%).

Stocks recently featured in the blog include: Novo Nordisk A/S NVO, Walmart Inc. WMT, Advanced Micro Devices, Inc. AMD, Caterpillar Inc. CAT and Union Pacific Corp. UNP. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Caterpillar Inc. (CAT) : Free Stock Analysis Report Novo Nordisk A/S (NVO) : Free Stock Analysis Report Walmart Inc. (WMT) : Free Stock Analysis Report Union Pacific Corporation (UNP) : Free Stock Analysis Report To read this article on Zacks.com click here. Here are highlights from Wednesday’s Analyst Blog: Top Analyst Reports for Novo Nordisk, Walmart and AMD The Zacks Research Daily presents the best research output of our analyst team.

Here are highlights from Wednesday’s Analyst Blog: Top Analyst Reports for Novo Nordisk, Walmart and AMD The Zacks Research Daily presents the best research output of our analyst team. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Caterpillar Inc. (CAT) : Free Stock Analysis Report Novo Nordisk A/S (NVO) : Free Stock Analysis Report Walmart Inc. (WMT) : Free Stock Analysis Report Union Pacific Corporation (UNP) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include: Novo Nordisk A/S NVO, Walmart Inc. WMT, Advanced Micro Devices, Inc. AMD, Caterpillar Inc. CAT and Union Pacific Corp. UNP.

Stocks recently featured in the blog include: Novo Nordisk A/S NVO, Walmart Inc. WMT, Advanced Micro Devices, Inc. AMD, Caterpillar Inc. CAT and Union Pacific Corp. UNP. Here are highlights from Wednesday’s Analyst Blog: Top Analyst Reports for Novo Nordisk, Walmart and AMD The Zacks Research Daily presents the best research output of our analyst team. Shares of AMD have outperformed the Zacks Electronics - Semiconductors industry over the past year (+129.2% vs. +102.9%).

170297.0

2023-12-28 00:00:00 UTC

Millennial Money Movers: 3 Stocks Resonating with Young Investors

AMD

https://www.nasdaq.com/articles/millennial-money-movers%3A-3-stocks-resonating-with-young-investors

InvestorPlace - Stock Market News, Stock Advice & Trading Tips As of 2023, the United States economy has successfully navigated challenges, managing to cool down inflation and avoid a recession. Policymakers have worked to achieve a “soft landing,” aiming to further slow inflation without triggering a downturn that could lead to mass layoffs. Despite a generally positive outlook among economists. Inflation has shown signs of improvement, and the U.S. economy continues to grow, but caution remains as policymakers strive to maintain stability. With this currently rebounding economy, now is the time to invest in stocks that are on a strong growth tangent. Invest in these three key companies that young investors have in their crosshairs. Stocks Resonating with Young Investors Block Incorporated (SQ) Source: Sergei Elagin / Shutterstock Block Incorporated (NYSE:SQ) is a multinational American technology conglomerate, Block has a solid portfolio and extensive growth possibilities. Exhibiting great financials, Block has beat earnings projections for the last three quarters and currently has a low ESG Risk Score of 19.8. Additionally, 39 Yahoo Finance! investors give it a price range of $40 to $100, with an average of $76.01. The company reports $20.79 billion in revenue in Q3 2023, with a YoY quarterly revenue growth of 24.40%. While currently making a loss, this is due to R&D expenditures towards fintech hardware with Bitcoin as a payment option. It sells these point-of-sale (POS) units at a loss but is likely to profit with increased cryptocurrency transactions. The company expands its customer base by partnering with Canadian cannabis firm, Jane Technologies. Additionally, Block makes a great margin through CashApp and Square transactions and subscriptions, amounting to 42%. Block is a buy stock for millennials who want to invest in what they use, along with its great financials, developing an innovative fintech payment service, and more mentioned above. Make like the young investors and start investing. Advanced Micro (AMD) Source: Pamela Marciano / Shutterstock.com Advanced Micro (NASDAQ:AMD), specializes in semiconductor manufacturing. The company designs computer processing components, including microprocessors, graphics processors, and programmable gate arrays, catering to diverse industries. Year-to-date, AMD stocks have surged by an impressive 130%. Currently priced at $146, analysts have provided price targets ranging from $54 to $182, with an average target of $121. Analysts recommend AMD as both a “Buy” and a “Strong Buy” option. AMD has unveiled its latest offerings, the AMD Instinct MI300X accelerators and the AMD Instinct MI300A accelerated processing unit (APU), signaling a significant catalyst for the semiconductor giant. These cutting-edge solutions boast industry-leading memory bandwidth for generative AI, delivering breakthrough performance for large language model (LLM) training and inferencing. The AMD Instinct MI300 Series accelerators, featuring advanced technologies, are poised for widespread adoption in large-scale cloud and enterprise deployments. With key partnerships established with industry leaders such as Microsoft, Dell, HPE, Lenovo and Supermicro, AMD’s innovative hardware and open ecosystem approach position it at the forefront of the burgeoning AI solutions market. As a result, AMD’s strategic advancements underscore its commitment to empowering enterprises with state-of-the-art AI technologies, setting the stage for continued growth and leadership in the semiconductor industry. In summary, AMD’s capacity to innovate and thrive across diverse industries positions it as a compelling investment opportunity for those seeking stocks with substantial growth potential for millennials. There’s a reason why young investors want to add this one to their portfolios. Okta (OKTA) Source: Poetra.RH / Shutterstock.com Okta Inc (NASDAQ:OKTA) is an American business focused on web services and network security. With the prevalence of the internet in the modern day, cybersecurity has jumped into a forefront concern, leading to the recent success of Okta. Valued at $90.60, OKTA saw a strong year-over-year growth of 39.47%. The global information technology industry has been subject to recent surges in success, growing from $8.2 trillion in 2022 up to 8.9 trillion in 2023. This figure is expected to compound to nearly $12 trillion by 2027, marking a five-year CAGR of 7.9% With Okta being one of the largest players, expect for its market cap to increase by the year. Largely, Okta has seen recent surges in business attributed to its heavy research and development into artificial intelligence and machine learning for its products. Recently, the company introduced the adoption of Okta AI, a cybersecurity protection using the power of AI for companies’ web pages. Results have been shown through the introduction, as seen by the 90% reduction of bot traffic and fake users. Overall, OKTA’s business strategy of adapting to the changing industry has proven to improve its business and give great forecasts for 2024. On the date of publication, Michael Que did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. The researchers contributing to this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Michael Que is a financial writer with extensive experience in the technology industry, with his work featured on Seeking Alpha, Benzinga and MSN Money. He is the owner of Que Capital, a research firm that combines fundamental analysis with ESG factors to pick the best sustainable long-term investments. More From InvestorPlace Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Millennial Money Movers: 3 Stocks Resonating with Young Investors appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

With key partnerships established with industry leaders such as Microsoft, Dell, HPE, Lenovo and Supermicro, AMD’s innovative hardware and open ecosystem approach position it at the forefront of the burgeoning AI solutions market. As a result, AMD’s strategic advancements underscore its commitment to empowering enterprises with state-of-the-art AI technologies, setting the stage for continued growth and leadership in the semiconductor industry. Advanced Micro (AMD) Source: Pamela Marciano / Shutterstock.com Advanced Micro (NASDAQ:AMD), specializes in semiconductor manufacturing.

AMD has unveiled its latest offerings, the AMD Instinct MI300X accelerators and the AMD Instinct MI300A accelerated processing unit (APU), signaling a significant catalyst for the semiconductor giant. Advanced Micro (AMD) Source: Pamela Marciano / Shutterstock.com Advanced Micro (NASDAQ:AMD), specializes in semiconductor manufacturing. Year-to-date, AMD stocks have surged by an impressive 130%.

Advanced Micro (AMD) Source: Pamela Marciano / Shutterstock.com Advanced Micro (NASDAQ:AMD), specializes in semiconductor manufacturing. Year-to-date, AMD stocks have surged by an impressive 130%. Analysts recommend AMD as both a “Buy” and a “Strong Buy” option.

The AMD Instinct MI300 Series accelerators, featuring advanced technologies, are poised for widespread adoption in large-scale cloud and enterprise deployments. Advanced Micro (AMD) Source: Pamela Marciano / Shutterstock.com Advanced Micro (NASDAQ:AMD), specializes in semiconductor manufacturing. Year-to-date, AMD stocks have surged by an impressive 130%.

170298.0

2023-12-28 00:00:00 UTC

Top 3 Large-Cap Growth Stock Picks for the New Year

AMD

https://www.nasdaq.com/articles/top-3-large-cap-growth-stock-picks-for-the-new-year

InvestorPlace - Stock Market News, Stock Advice & Trading Tips In late November 2022, I highlighted three large-cap growth stocks heading into 2023. Those included Advanced Micro Devices (NASDAQ:AMD), which ran from $73 to $146 a share; Apple (NASDAQ:AAPL), which ran from $146 to $193.70; and Nvidia (NASDAQ:NVDA), which ran from $152 to $497. Today, I was asked for my top large-cap growth stocks for 2024. To start, I still like AMD, AAPL, and NVDA with the artificial intelligence boom. In fact, in 2024, I’d like to see AMD closer to $200, AAPL near $550; and NVDA closer to $600 a share. Aside from those three, I like the following three large-cap growth stocks for 2024. Nike Inc. (NKE) Source: mimohe / Shutterstock.com Crisis is creating opportunity for large-cap growth stocks, like Nike (NYSE:NKE). After rocketing from about $92 to about $122.50, Nike gapped to about $107.13 after saying it expected softer sales for the second half of its fiscal year. However, it appears most of the negativity has been priced into the stock. Plus, according to Goldman Sachs, which rates Nike a buy, margins did come in better than expected. Despite the weak forecast, the company beat profit and revenue expectations. Profits jumped 21% year over year (YOY) to $1.03, with revenues up 1% YOY to $13.4 billion. Analysts expected 84 cents on $13.4 billion in revenues. So, numbers weren’t too shabby. Plus, NKE is looking to cut about $2 billion over the next three years. And while NKE may not be firing on all cylinders again just yet thanks to macro headwinds, analysts are more bullish these days. For example, Citi upgraded NKE to a buy recently, noting that NKE is an “attractive margin recovery story,” as noted by Barron’s. Coca-Cola (KO) Source: Jonathan Weiss / Shutterstock Coca-Cola (NYSE:KO) delivers growth, reliability, and dividends. With a yield of 3.13%, the company just announced a quarterly dividend of 46 cents per common share, payable Dec. 15 to share owners of record as of the close of business Dec. 1. It’s been paying out dividends for 61 years. Earnings have been strong, too. Its third-quarter EPS of 74 cents beat estimates by five cents. Revenues of $12 billion were up 8% YOY and beat estimates by $580 million. Also, the company raised its outlook again, with profits likely to rise 7% to 8%. Additionally, Citi analysts just raised their price target on KO to $67, with a buy rating. “Citi sees a return to historical growth levels in 2024, with a few exceptions, the analyst tells investors in a research note. 2024, the firm believes the key theme will be mean reversion, with names able to retain above-average and above-peer trends likely to outperform,” noted by TheFly.com. Vanguard Growth ETF (VUG) Source: shutterstock.com/Imagentle Or, if you want to diversify among large-cap growth stocks, there’s always an exchange-traded fund, such as the Vanguard Growth ETF (NYSEARCA:VUG). With an expense ratio of just 0.04%, the ETF tracks the performance of the CRSP U.S. Large Cap Growth Index. While the VUG ETF did run from about $210 to $312 since the start of the year, it could see higher highs. This is thanks to some of its top holdings in Apple, Microsoft (NASDAQ:MSFT), Amazon.com (NASDAQ:AMZN), Nvidia Corp., Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), Eli Lilly (NYSE:LLY), and Visa (NYSE:V). On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Top 3 Large-Cap Growth Stock Picks for the New Year appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Those included Advanced Micro Devices (NASDAQ:AMD), which ran from $73 to $146 a share; Apple (NASDAQ:AAPL), which ran from $146 to $193.70; and Nvidia (NASDAQ:NVDA), which ran from $152 to $497. To start, I still like AMD, AAPL, and NVDA with the artificial intelligence boom. In fact, in 2024, I’d like to see AMD closer to $200, AAPL near $550; and NVDA closer to $600 a share.

Those included Advanced Micro Devices (NASDAQ:AMD), which ran from $73 to $146 a share; Apple (NASDAQ:AAPL), which ran from $146 to $193.70; and Nvidia (NASDAQ:NVDA), which ran from $152 to $497. To start, I still like AMD, AAPL, and NVDA with the artificial intelligence boom. In fact, in 2024, I’d like to see AMD closer to $200, AAPL near $550; and NVDA closer to $600 a share.

Those included Advanced Micro Devices (NASDAQ:AMD), which ran from $73 to $146 a share; Apple (NASDAQ:AAPL), which ran from $146 to $193.70; and Nvidia (NASDAQ:NVDA), which ran from $152 to $497. To start, I still like AMD, AAPL, and NVDA with the artificial intelligence boom. In fact, in 2024, I’d like to see AMD closer to $200, AAPL near $550; and NVDA closer to $600 a share.

Those included Advanced Micro Devices (NASDAQ:AMD), which ran from $73 to $146 a share; Apple (NASDAQ:AAPL), which ran from $146 to $193.70; and Nvidia (NASDAQ:NVDA), which ran from $152 to $497. To start, I still like AMD, AAPL, and NVDA with the artificial intelligence boom. In fact, in 2024, I’d like to see AMD closer to $200, AAPL near $550; and NVDA closer to $600 a share.

170299.0

2023-12-28 00:00:00 UTC

A Year in Stocks: What Worked and What Didn’t in 2023

AMD

https://www.nasdaq.com/articles/a-year-in-stocks%3A-what-worked-and-what-didnt-in-2023

InvestorPlace - Stock Market News, Stock Advice & Trading Tips With just a couple of days left in the trading year, all the major markets are posting significant gains. At this time in 2022, not many investors would have taken that side of the bet. So, what lessons should investors take away after a volatile and unpredictable year in stocks? For starters, 2023 was a good reminder to invest in the market that is, not what you think it should be. To put that in terms that any parent with a teenager will understand: Trust but verify. At more than one point this past year, you would have believed a stock market crash not seen since 1929 was around the corner. Yet, every time, equities got off the mat, dusted themselves off and moved higher. And as the year comes to an end, there are billions, if not trillions of dollars re-entering the market. But are those dollars chasing overpriced stocks, or are they going after small-cap stocks with a lot of potential but no proven track record? And where should investors be thinking about putting their money in 2024? Here are some thoughts on the lessons a year in stocks can teach us. There’s a Reason Why Nvidia Is Just Getting Started Many investors aren’t sure what to make of the artificial intelligence (AI) boom. On the one hand, to paraphrase writer Alan Saunders, AI is an example of life happening while we are busy making other plans. That is, we’ve known about AI for some time, yet the ChatGPT phenomenon made it impossible to ignore. The question is: Will it be friend or foe? Like all technological advances, it will likely be a little of both. As much as well-intentioned regulators will try, there will be bad actors with equally bad intentions. That’s troublesome. But on balance, AI will be transformative in how we interact with technology. And by we, I mean many who find today’s technology limiting. That means, like the internet, it’s a net win. That’s why companies are rushing to get in on AI. It’s not going to be a nice-to-have, it will be a must-have. And it’s also why companies like Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD) and other chip companies will flourish. This is the beginning of a super cycle, and there’s still a lot of runway ahead. The Death of the Consumer Was (Mildly) Exaggerated Part of analyzing a year in stocks is identifying the best and worst sectors. At the beginning of the year, conventional wisdom was that consumer staples would do well and consumer discretionary stocks would struggle. In fact, the opposite occurred. Consumer staples have been the second-worst-performing sector. The companies performed well enough, but investors starving for growth shifted to high-flying tech stocks. Meanwhile, consumer discretionary stocks are up nearly 20% as demand for travel and recreation remains strong. Is this demand being fueled by reckless spending that will come crashing down when the credit card bills come due? That’s been predicted for some time, and it hasn’t happened yet. The takeaway for investors is two-fold. One, don’t bet against the consumer. And two, be selective. Just because the consumer staples sector underperformed doesn’t mean there were no winners. Conversely, many consumer discretionary stocks really did face some tough times. Demand Delayed Is Not Demand Denied The energy sector did not perform as expected. For starters, the renewable energy movement is still struggling to get off the starting blocks. The solar sector is a good example of why even government subsidies can’t change the basics of supply and demand. The same could be said of electric vehicles. Yet, oil and gas stocks have been laggards as well. In September and October, crude oil prices near $100 were considered a certainty. But as the year comes to an end, crude oil is closer to $70. In both cases, investors should look at this as a case of demand delayed, not denied. In December, the Federal Reserve all but ensured interest rates would be cut in 2024, more than once — most likely. When that happens, oil demand will rise and, with it, the price of crude oil. An improving economy will also be a boost for renewable energy companies, which will benefit from lower capital costs. On the date of publication, Chris Markoch did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post A Year in Stocks: What Worked and What Didn’t in 2023 appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

And it’s also why companies like Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD) and other chip companies will flourish. The Death of the Consumer Was (Mildly) Exaggerated Part of analyzing a year in stocks is identifying the best and worst sectors. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires.

And it’s also why companies like Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD) and other chip companies will flourish. InvestorPlace - Stock Market News, Stock Advice & Trading Tips With just a couple of days left in the trading year, all the major markets are posting significant gains. At the beginning of the year, conventional wisdom was that consumer staples would do well and consumer discretionary stocks would struggle.

And it’s also why companies like Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD) and other chip companies will flourish. InvestorPlace - Stock Market News, Stock Advice & Trading Tips With just a couple of days left in the trading year, all the major markets are posting significant gains. The Death of the Consumer Was (Mildly) Exaggerated Part of analyzing a year in stocks is identifying the best and worst sectors.

And it’s also why companies like Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD) and other chip companies will flourish. At this time in 2022, not many investors would have taken that side of the bet. That’s why companies are rushing to get in on AI.

170300.0

2023-12-28 00:00:00 UTC

This AI News Could Be the Confirmation Nvidia and AMD Stock Investors Needed for 2024

AMD

https://www.nasdaq.com/articles/this-ai-news-could-be-the-confirmation-nvidia-and-amd-stock-investors-needed-for-2024

In today's video, I discuss recent updates impacting Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the market prices of Dec. 27, 2023. The video was published on Dec. 27, 2023. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Jose Najarro has positions in Advanced Micro Devices and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In today's video, I discuss recent updates impacting Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD). Check out the short video to learn more, consider subscribing, and click the special offer link below. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia.

In today's video, I discuss recent updates impacting Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD). Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Jose Najarro has positions in Advanced Micro Devices and Nvidia.

In today's video, I discuss recent updates impacting Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD). Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Jose Najarro has positions in Advanced Micro Devices and Nvidia.

In today's video, I discuss recent updates impacting Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD). The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Jose Najarro has positions in Advanced Micro Devices and Nvidia.

170301.0

2023-12-28 00:00:00 UTC

AI Assimilation: 7 Stocks Leading in Artificial Intelligence Adoption

AMD

https://www.nasdaq.com/articles/ai-assimilation%3A-7-stocks-leading-in-artificial-intelligence-adoption

InvestorPlace - Stock Market News, Stock Advice & Trading Tips The AI stocks landscape has undergone a seismic shift, emerging as one of the most critical sectors for growth in 2023. After a challenging 2022, a broad spectrum of tech stocks experienced a rejuvenating uplift amidst the integration of artificial intelligence (AI). As we transition into a new year, expectations are high for lower rates and more advanced generative AI technologies. This evolving landscape presents a golden opportunity for investors to effectively diversify their portfolios with AI stocks, especially as valuations continue to rise. The AI market, currently valued at over $200 billion, is projected to skyrocket to $1.85 trillion by 2030. While the spotlight remains on well-known AI stocks, savvy investors know the importance of staying ahead of the curve. Paying the right price for the right company is key. AI has become a buzzword in numerous conference calls, signaling its massive influence. As companies ramp up their AI investments, a broader range of AI picks will emerge, some of which may not be immediately recognizable as AI players. Nvidia (NVDA) Source: Evolf / Shutterstock.com Nvidia (NASDAQ:NVDA) remains a titan in the tech realm which continues its impressive stride, fueled by groundbreaking AI advancements. This dynamism isn’t just about staying ahead; it’s about effectively reshaping the sector. As the demand for its H100 chips skyrockets, clients are showing remarkable patience, waiting weeks to harness these AI powerhouses. Hence, the pivot to AI for Nvidia has been incredible, a move mirrored by its stellar financial performance over the last three quarters, consistently outpacing analyst estimates. In a striking showcase of market dominance, Nvidia has sold over half a million chips, with forecasts pointing to a sustained surge in sales. In the face of such overwhelming success, Nvidia stands not just as a market leader but as a visionary force, continually pushing the boundaries of tech innovation. Their journey, marked by strategic pivots and financial triumphs, paints a picture of a company not just riding the wave of AI evolution but steering it with unmatched expertise. Microsoft (MSFT) Source: The Art of Pics / Shutterstock.com Microsoft (NASDAQ:MSFT) remains a formidable force in the tech world, with its shares surging more than 50% year-to-date. The firm’s strategic investment in OpenAI places it at the forefront of the AI revolution. Furthermore, Microsoft 2023 effectively claimed an early lead in the generative AI race thanks to its massive investment in OpenAI. This move not only cements its position as a leader in AI but highlights the company’s keen insight into future tech trends. But Microsoft’s AI ambitions extend beyond cloud solutions. The recent introduction of Copilot, an AI assistant integrated with multiple Microsoft Office products, demonstrates the enterprise’s innovative approach to enhancing user experience. MSFT’s ongoing development of diverse AI solutions is poised to bolster product retention and unlock new business avenues, reaffirming its status as a titan. CEO Satya Nadella’s vision of propelling Microsoft to $500 billion in annual revenues by 2030 is ambitious but achievable, given the company’s aggressive AI investment. Therefore, as it stands, Microsoft’s trajectory in the AI landscape continues to be one of immense growth and influential leadership in the tech sphere. Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD), cited as the runner-up to Nvidia in the AI stock arena, trails in chip technology. However, it’s imperative to note the significant strides AMD has made, particularly with regard to MI300 chips. These advancements are fueling an uptick in its share prices, a signal of the market’s recognition of its progress. While some analysts could potentially downplay the impact of these chips in the face of Nvidia’s market dominance, the real-world response from top Silicon Valley companies paints a unique picture. These tech giants are increasingly opting for AMD’s MI300 chips over Nvidia’s H100 chips, a decision that speaks volumes about their confidence in AMD’s offerings. This shift is primarily attributed to Nvidia’s premium pricing, positioning AMD as an attractive alternative. As AMD continues to innovate and offer cost-effective solutions, it’s carving out a niche for itself in the AI sector. Additionally, this emerging preference among Silicon Valley’s elite for AMD’s technology could mark the beginning of a more balanced playing field in the AI chip market. UiPath (PATH) Source: dennizn / Shutterstock.com UiPath (NYSE:PATH), based in New York City, is making significant waves in the AI sphere with its autonomous solutions. The company, known for its AI-enabled software, caters to a wide array of industries, including healthcare, finance, IT and government, demonstrating its broad applicability. Over the past year, UiPath has seen its share price more than double, reflecting the market’s positive response to the integration of AI solutions in user interface management. In their latest financial report released on Nov. 30, the company revealed a robust 24% increase in total revenue, with a 45% decrease in net loss, underscoring its operational efficiency and financial health. Furthermore, UiPath has shown impressive growth in its customer base, especially among high-value clients. There was a 31% increase in customers with $1 million or more in annual recurring revenue (ARR), totaling 264 customers. This customer expansion highlights UiPath’s ability to attract and retain important clients, which is critical for sustained growth and revenue generation in the competitive AI sphere. SoundHound (SOUN) Source: Tada Images / Shutterstock.com SoundHound (NASDAQ:SOUN) is a prominent name in conversational AI and is capturing investor attention as the focus shifts from generative to conversational AI. Its most recent innovation, ‘Employee Assist,’ has effectively revolutionized fast-food service by providing real-time AI support to employees and building on customer service. Additionally, the company’s strategic acquisition of SYNQ3 Restaurant Solutions marks a significant expansion in the voice AI sector, particularly in U.S. restaurants, extending its reach to over 10,000 locations. Financially, SoundHound remains on an upward trajectory. In the third quarter, the firm reported revenue of $13.3 million, a massive 52% increase sequentially and 19% year-over-year. Impressively, SoundHound boasts a 73% gross margin and has made notable improvements across its bottom line with a 57% increase in adjusted EBITDA. These solid financials, combined with innovative products, including Employee Assist, position SoundHound as a notable player in the AI stock market. Alphabet (GOOG, GOOGL) Source: Koshiro K / Shutterstock.com Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) is a tech giant known for its revenue dominance, cementing its status as a top-tier tech stock with significant advancements in AI. This leap forward is marked by the debut of Gemini, its innovative AI model. Gemini not only establishes Alphabet as a strong contender against OpenAI but also highlights its central role in technological innovation. In the third quarter, the company’s earnings surpassed forecasts by 10 cents, reaching $1.55 per share. Additionally, revenue soared to $76.79 billion, an 11.1% increase year-over-year, exceeding expectations by a notable $980 million. A key factor in this financial success is Google Cloud, which reported a 22.6% year-over-year bump in sales, reaching $8.41 billion. The launch of Gemini is set to propel Alphabet’s AI capabilities further, aiming to rival Microsoft’s OpenAI. Gemini boasts speed advantages over OpenAI’s new model and offers three distinct versions. However, Alphabet’s appeal to investors extends beyond Gemini, with the company boasting a solid history, impressive fundamentals, and a dominant market share through Google Search, making it a compelling long-term investment choice. Adobe (ADBE) Source: JHVEPhoto / Shutterstock Adobe (NASDAQ:ADBE), a significant player in the AI and tech landscape, continues to make waves, though it often feels shy of reaching the pinnacle of industry leaders. Yet, its firm footing in AI, with innovations like Sensei and Firefly, remains undeniable. Moreover, its recent release of its 4th quarter earnings is a testament to its powerful performance. Its EPS stood at a remarkable $4.27, with the company surpassing overall analyst expectations, signaling a robust financial position. The revenue figures are equally impressive, clocking in at $5.05 billion for the quarter, surpassing Wall Street’s forecast by about $30 million. This achievement not only underscores Adobe’s financial health but also suggests that its investments in AI are yielding fruitful results. Furthermore, Adobe’s stock has seen a remarkable upsurge in 2023, soaring by more than 70% year-to-date. This robust positioning not only demonstrates Adobe’s innovative edge but also indicates its potential for sustained growth and shareholder value enhancement in the evolving digital landscape. On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. More From InvestorPlace Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post AI Assimilation: 7 Stocks Leading in Artificial Intelligence Adoption appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD), cited as the runner-up to Nvidia in the AI stock arena, trails in chip technology. However, it’s imperative to note the significant strides AMD has made, particularly with regard to MI300 chips. These tech giants are increasingly opting for AMD’s MI300 chips over Nvidia’s H100 chips, a decision that speaks volumes about their confidence in AMD’s offerings.

Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD), cited as the runner-up to Nvidia in the AI stock arena, trails in chip technology. However, it’s imperative to note the significant strides AMD has made, particularly with regard to MI300 chips. These tech giants are increasingly opting for AMD’s MI300 chips over Nvidia’s H100 chips, a decision that speaks volumes about their confidence in AMD’s offerings.

Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD), cited as the runner-up to Nvidia in the AI stock arena, trails in chip technology. However, it’s imperative to note the significant strides AMD has made, particularly with regard to MI300 chips. These tech giants are increasingly opting for AMD’s MI300 chips over Nvidia’s H100 chips, a decision that speaks volumes about their confidence in AMD’s offerings.

Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD), cited as the runner-up to Nvidia in the AI stock arena, trails in chip technology. However, it’s imperative to note the significant strides AMD has made, particularly with regard to MI300 chips. These tech giants are increasingly opting for AMD’s MI300 chips over Nvidia’s H100 chips, a decision that speaks volumes about their confidence in AMD’s offerings.

170302.0

2023-12-28 00:00:00 UTC

ITOT, AMD, ACN, INTC: Large Inflows Detected at ETF

AMD

https://www.nasdaq.com/articles/itot-amd-acn-intc%3A-large-inflows-detected-at-etf

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Total U.S. Stock Market ETF (Symbol: ITOT) where we have detected an approximate $169.0 million dollar inflow -- that's a 0.3% increase week over week in outstanding units (from 466,900,000 to 468,500,000). Among the largest underlying components of ITOT, in trading today Advanced Micro Devices Inc (Symbol: AMD) is up about 2.1%, Accenture plc (Symbol: ACN) is off about 0.3%, and Intel Corp (Symbol: INTC) is lower by about 1.1%. For a complete list of holdings, visit the ITOT Holdings page » The chart below shows the one year price performance of ITOT, versus its 200 day moving average: Looking at the chart above, ITOT's low point in its 52 week range is $83.77 per share, with $105.83 as the 52 week high point — that compares with a last trade of $105.81. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ». Free Report: Top 8%+ Dividends (paid monthly) Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs had notable inflows » Also see: • Institutional Holders of CBTC • AUUD Videos • LGTO Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Among the largest underlying components of ITOT, in trading today Advanced Micro Devices Inc (Symbol: AMD) is up about 2.1%, Accenture plc (Symbol: ACN) is off about 0.3%, and Intel Corp (Symbol: INTC) is lower by about 1.1%. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.

Among the largest underlying components of ITOT, in trading today Advanced Micro Devices Inc (Symbol: AMD) is up about 2.1%, Accenture plc (Symbol: ACN) is off about 0.3%, and Intel Corp (Symbol: INTC) is lower by about 1.1%. For a complete list of holdings, visit the ITOT Holdings page » The chart below shows the one year price performance of ITOT, versus its 200 day moving average: Looking at the chart above, ITOT's low point in its 52 week range is $83.77 per share, with $105.83 as the 52 week high point — that compares with a last trade of $105.81. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».

Among the largest underlying components of ITOT, in trading today Advanced Micro Devices Inc (Symbol: AMD) is up about 2.1%, Accenture plc (Symbol: ACN) is off about 0.3%, and Intel Corp (Symbol: INTC) is lower by about 1.1%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Total U.S. Stock Market ETF (Symbol: ITOT) where we have detected an approximate $169.0 million dollar inflow -- that's a 0.3% increase week over week in outstanding units (from 466,900,000 to 468,500,000). For a complete list of holdings, visit the ITOT Holdings page » The chart below shows the one year price performance of ITOT, versus its 200 day moving average: Looking at the chart above, ITOT's low point in its 52 week range is $83.77 per share, with $105.83 as the 52 week high point — that compares with a last trade of $105.81.

Among the largest underlying components of ITOT, in trading today Advanced Micro Devices Inc (Symbol: AMD) is up about 2.1%, Accenture plc (Symbol: ACN) is off about 0.3%, and Intel Corp (Symbol: INTC) is lower by about 1.1%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Total U.S. Stock Market ETF (Symbol: ITOT) where we have detected an approximate $169.0 million dollar inflow -- that's a 0.3% increase week over week in outstanding units (from 466,900,000 to 468,500,000). For a complete list of holdings, visit the ITOT Holdings page » The chart below shows the one year price performance of ITOT, versus its 200 day moving average: Looking at the chart above, ITOT's low point in its 52 week range is $83.77 per share, with $105.83 as the 52 week high point — that compares with a last trade of $105.81.

170303.0

2023-12-28 00:00:00 UTC

Rambus (RMBS) Introduces Industry's First Gen4 DDR5 RCD

AMD

https://www.nasdaq.com/articles/rambus-rmbs-introduces-industrys-first-gen4-ddr5-rcd

Rambus RMBS introduced the Gen4 DDR5 Registering Clock Driver (RCD) with data rate capabilities of up to 7200 MT/s. The company has leveraged its three decades of experience in delivering the new DDR5 that outranks its predecessors running at 4800 MT/s. The chipset performs seamlessly on Dual Inline Memory Modules (DIMMs) while enabling substantial memory augmentation. Together with Rambus’ other innovative components integrated into Server DDR5 Registered DIMMs, the Gen4 DDR5 RCD enhances bandwidth, performance and capacity. It can also be integrated into Non-volatile Memory DIMMs with a similar effect. The recently introduced chipset is rolled out in the market with the aim to support the rising demands of generative artificial intelligence-based operations and other advanced data center tasks that demand high bandwidth. Rambus, Inc. Price and Consensus Rambus, Inc. price-consensus-chart | Rambus, Inc. Quote Rambus specializes in memory interface chips and silicon intellectual properties (IP) and provides the patent license for these products. The Gen4 DDR5 Registering Clock Driver is part of its memory interface chip portfolio that includes Serial Presence Detect Hubs, Temperature Sensors and DDR4 chipsets. RMBS’ Silicon IP division, on the other hand, comprises high-speed memory and chip-to-chip interconnect technologies, including physical interface and digital controller IP, crypto cores, hardware roots of trust, high-speed protocol engines and chip provisioning technologies. The company leverages its diverse portfolio of products to enable its customers to manufacture their own electronic and digital products while using specified portions of its patented inventions. Companies like Advanced Micro Devices AMD, Broadcom, Cisco, CXMT, IBM, Marvell, MediaTek, Micron, NVIDIA NVDA, Qualcomm and STMicroelectronics use RMBS’ patents. Rambus and Advanced Micro Devices signed their first Patent License Agreement in the mid-2000s. The initial agreement allowed AMD to use RMBS’ patents in various technologies, including those used in DDR2, DDR3, FB-DIMM, PCI Express and XDR controllers. NVIDIA has been using Rambus technology for more than a decade now. With a broad portfolio of offerings and industry leaders subscribing to its patents, RMBS is poised to grow amid the expanding demand, driven by the rising competition in the artificial intelligence market and the increasing need for data center workloads. Zacks Rank & A Stock to Consider Currently, Rambus and AMD carry a Zacks Rank #3 (Hold) each, while NVDA carries a Zacks Rank #2 (Buy). Shares of Rambus, AMD and NVIDIA have returned 91.2%, 125.5% and 238.1% year to date, respectively. A better-ranked stock from the broader technology sector is CommVault Systems CVLT, which sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for CommVault Systems’ third-quarter 2024 earnings has remained unchanged over the past 90 days at 73 cents per share. Shares of CVLT have surged 28.2% year to date. Zacks Naming Top 10 Stocks for 2024 Want to be tipped off early to our 10 top picks for the entirety of 2024? History suggests their performance could be sensational. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Rambus, Inc. (RMBS) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report CommVault Systems, Inc. (CVLT) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Companies like Advanced Micro Devices AMD, Broadcom, Cisco, CXMT, IBM, Marvell, MediaTek, Micron, NVIDIA NVDA, Qualcomm and STMicroelectronics use RMBS’ patents. The initial agreement allowed AMD to use RMBS’ patents in various technologies, including those used in DDR2, DDR3, FB-DIMM, PCI Express and XDR controllers. Zacks Rank & A Stock to Consider Currently, Rambus and AMD carry a Zacks Rank #3 (Hold) each, while NVDA carries a Zacks Rank #2 (Buy).

Zacks Rank & A Stock to Consider Currently, Rambus and AMD carry a Zacks Rank #3 (Hold) each, while NVDA carries a Zacks Rank #2 (Buy). Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Rambus, Inc. (RMBS) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report CommVault Systems, Inc. (CVLT) : Free Stock Analysis Report To read this article on Zacks.com click here. Companies like Advanced Micro Devices AMD, Broadcom, Cisco, CXMT, IBM, Marvell, MediaTek, Micron, NVIDIA NVDA, Qualcomm and STMicroelectronics use RMBS’ patents.

Zacks Rank & A Stock to Consider Currently, Rambus and AMD carry a Zacks Rank #3 (Hold) each, while NVDA carries a Zacks Rank #2 (Buy). Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Rambus, Inc. (RMBS) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report CommVault Systems, Inc. (CVLT) : Free Stock Analysis Report To read this article on Zacks.com click here. Companies like Advanced Micro Devices AMD, Broadcom, Cisco, CXMT, IBM, Marvell, MediaTek, Micron, NVIDIA NVDA, Qualcomm and STMicroelectronics use RMBS’ patents.

Companies like Advanced Micro Devices AMD, Broadcom, Cisco, CXMT, IBM, Marvell, MediaTek, Micron, NVIDIA NVDA, Qualcomm and STMicroelectronics use RMBS’ patents. The initial agreement allowed AMD to use RMBS’ patents in various technologies, including those used in DDR2, DDR3, FB-DIMM, PCI Express and XDR controllers. Zacks Rank & A Stock to Consider Currently, Rambus and AMD carry a Zacks Rank #3 (Hold) each, while NVDA carries a Zacks Rank #2 (Buy).

170304.0

2023-12-28 00:00:00 UTC

2024 Market Predictions: 2 Trends Destined to Crash, One Set to Soar

AMD

https://www.nasdaq.com/articles/2024-market-predictions%3A-2-trends-destined-to-crash-one-set-to-soar

InvestorPlace - Stock Market News, Stock Advice & Trading Tips One of the biggest surprises of 2023 was the rise of a handful of tech giants that came to be known as the Magnificent 7. Their performance this year carried the Nasdaq 100 index to an all-time high and was responsible for virtually all the gains of the S&P 500. Yet what was hot this year may turn cold in 2024. In fact, if history is any guide, it almost surely will be the opposite. Trends investors latched onto last year will fall out of favor as the market migrates to the next new thing. What follows are my 2024 market predictions for two hottest trends that will crash in the coming year and one that will soar no matter what. 2024 Market Predictions – Trend Crash No. 1: Artificial Intelligence The biggest news story of 2023 was artificial intelligence (AI). ChatGPT’s release was a monumental breakthrough in bringing generative AI to the forefront of investor consciousness. However, it might not be sustainable. It promises to be a great equalizer, but questions persist about whether it can achieve all that’s promised. Graphics chipmaker Nvidia (NASDAQ:NVDA) is the AI leader because its GPUs were almost purpose-built for the complex computing tasks AI requires. It was the best-performing stock of the Magnificent 7, as shares more than tripled in value this year. But investors shouldn’t expect next year to be the same. Competition for AI chips is growing. Advanced Micro Devices (NASDAQ:AMD) just unveiled its MI300X chip that offers better performance than Nvidia’s popular H100 chip. Intel (NASDAQ:INTC) is also in the running with its new Gaudi3 chip. Yet Nvidia responded with its H200, which is more powerful but has a hefty price tag. Export controls on computer chips and technology to China are another wildcard. Not even the chipmakers themselves can see the long-term impact. A second concern is the capacity constraints on chip manufacturing. Taiwan Semiconductor Manufacturing (NYSE:TSM) is the foundry the semiconductor stocks turn to produce their AI chips, but it’s hitting a wall on chip-on-wafer-on-substrate (CoWoS) capacity. Although its capacity is increasing by 20% next year, that may not be enough. Chip shortages could be a reality. Third is whether the greater efficiency, lower costs, or whatever yardstick AI promises will ever pan out. AI demand will dry up if the gains fail to materialize to justify the cost. That might not happen next year, but the reckoning is coming. Investors might not see today’s AI winners in the running tomorrow. Trend Crash No. 2: Electric Vehicles Electric vehicles (EVs) are the second investing trend that may skid off the road in 2024. Tesla (NASDAQ:TSLA) was a Magnificent seven stock that had a bumpy ride this year but still doubled in value. Next year could be even more jarring. As with AI, EV competition is becoming more intense just as demand cools. Not only are there more manufacturers globally chasing fewer car buyer dollars, but several manufacturers appear ready to flame out. Lucid (NASDAQ:LCID) and Nikola (NASDAQ:NKLA) may get bought out or fail before gaining traction. The main problem is price. EVs are just too expensive compared to fossil fuel-powered vehicles. Manufacturers are resorting to price-cutting to make them more affordable, which erodes profit margins. The industry isn’t so mature, and companies aren’t so profitable they can afford that. And the limitations of the current technology don’t make simple price parity a large enough incentive to move buyers to them. Moreover, the Federal Reserve’s aggressive interest-rate hikes pushed the cost of financing EVs beyond the range of buyers. It’s just too expensive to purchase an EV when an internal combustion engine car costs less, goes further and takes only minutes to refill. Battery makers are working on extending the travel range and lowering the charge time for EVs, but that’s a future goal. In the meantime, vehicles are piling up on dealer lots. Both Ford (NYSE:F) and GM(NYSE:GM) have also suspended production on certain models due to slack demand. The market rush into EV stocks this year could readily short-circuit next year even if the long-term trend may be in the industry’s favor. 2024 Market Predictions – Trend Winner: Cybersecurity Protecting online data wasn’t much of a headline grabber this year, but it’s an inevitable trend that will have staying power for years to come. The Identity Theft Resource Center says there were 2,116 data breaches in the first three quarters of 2023. That makes it the worst year ever for cybercrime. It’s not going to stop, either. It’s why cybersecurity stocks had an impressive year. CrowdStrike (NASDAQ:CRWD) is one of the leading players as its Falcon platform quickly sifts through trillions of events weekly, looking for threats. Annual recurring revenue (ARR) more than doubled over the past two years. It grew from $1.1 billion in fiscal 2021 to $2.6 billion in fiscal 2023. It also pries more money out of each customer. For every $1.00 a customer initially spent in 2021, CrowdStrike realizes $6.07 in ARR today. Yet it’s not alone. Palo Alto Networks (NASDAQ:PANW), Sentinel One (NYSE:S), and Snowflake (NASDAQ:SNOW) all had impressive years this year as well. Like death and taxes, cybercrime is going to be with us forever. The industry is expected to grow from $156 billion last year to $425 billion in 2030. That’s a near-14% compounded annual growth rate. It’s not the meteoric rise you see in some industries, but it will be a steady growth business. It will fuel the creation of millionaires who invest in it today. On the date of publication, Rich Duprey did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 2024 Market Predictions: 2 Trends Destined to Crash, One Set to Soar appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Advanced Micro Devices (NASDAQ:AMD) just unveiled its MI300X chip that offers better performance than Nvidia’s popular H100 chip. And the limitations of the current technology don’t make simple price parity a large enough incentive to move buyers to them. CrowdStrike (NASDAQ:CRWD) is one of the leading players as its Falcon platform quickly sifts through trillions of events weekly, looking for threats.

Advanced Micro Devices (NASDAQ:AMD) just unveiled its MI300X chip that offers better performance than Nvidia’s popular H100 chip. InvestorPlace - Stock Market News, Stock Advice & Trading Tips One of the biggest surprises of 2023 was the rise of a handful of tech giants that came to be known as the Magnificent 7. 2: Electric Vehicles Electric vehicles (EVs) are the second investing trend that may skid off the road in 2024.

Advanced Micro Devices (NASDAQ:AMD) just unveiled its MI300X chip that offers better performance than Nvidia’s popular H100 chip. The market rush into EV stocks this year could readily short-circuit next year even if the long-term trend may be in the industry’s favor. 2024 Market Predictions – Trend Winner: Cybersecurity Protecting online data wasn’t much of a headline grabber this year, but it’s an inevitable trend that will have staying power for years to come.

Advanced Micro Devices (NASDAQ:AMD) just unveiled its MI300X chip that offers better performance than Nvidia’s popular H100 chip. Competition for AI chips is growing. A second concern is the capacity constraints on chip manufacturing.

170287.0

2023-12-29 00:00:00 UTC

2 Overheated Stocks That Could Tumble in 2024

AMD

https://www.nasdaq.com/articles/2-overheated-stocks-that-could-tumble-in-2024

No one can predict what the stock market, or any individual stock, will do in 2024. The stock market surged in 2023, which was probably not on many investors' bingo cards in January. But one thing investors can do is avoid investments where the odds are stacked against them. Paying too high a price for even the best company can lead to subpar results. Two stocks that look far too expensive going into 2024 are Nvidia (NASDAQ: NVDA) and Apple (NASDAQ: AAPL). Nvidia Nvidia is the leader of artificial intelligence. The company's data center GPUs are selling faster than they can be made. Training advanced large language models, like those that power ChatGPT, requires incredible computational horsepower. Nvidia's proprietary CUDA compute platform has been around since 2007, pairing with its world-class hardware to create a competitive advantage that has been difficult for anyone to overcome so far. While Nvidia may appear untouchable, its days of absolute dominance won't last. If estimates for how big the AI accelerator market will become are close to accurate, there will be mammoth incentives for the tech industry to ensure that there are options beyond Nvidia. AMD expects the market for AI chips to grow nearly tenfold by 2027 to $400 billion. Nvidia's market share is almost certain to shrink as alternatives balloon, and as buyers of AI accelerators optimize for total cost of ownership. Nvidia's growth has been incredible in 2023, and its profits have soared even faster than revenue. The company's profit margins are the highest they've ever been. But the shortage of AI chips won't last forever as competitors race to bring alternatives to market, and neither will the gold rush mentality surrounding AI. Nvidia's software advantage will be chipped away, although that process may take a while. Nvidia is valued at around $1.22 trillion. That's about 40 times the average analyst estimate for earnings. That valuation doesn't seem unreasonable at first glance, but you must be willing to assume that Nvidia's incredible profit margins and growth rate will persist. What if they don't? What if the companies spending big to train large language models find that turning those models into sustainable businesses is tougher than expected? What if competing chips from AMD, Intel, and others provide viable alternatives to Nvidia's pricey products? Taking current growth rates and extrapolating out years is a dangerous thing to do, especially in a very new market. ChatGPT, which kicked off the AI frenzy, has only existed for about a year. If there's any sign that Nvidia is running into trouble in 2024, the stock has a long way to fall. Apple What's Apple's growth story? After a big surge during the pandemic's height, revenue has essentially stagnated in the post-pandemic period. Revenue slipped 1% year over year in the fiscal fourth quarter, which ended on Sept. 30, and an import ban on the Apple Watch isn't going to help matters. The iPhone still represents more than half of Apple's revenue, and it's hard to imagine the smartphone market being a major source of growth for the company in the long run. Refresh cycles have been stretching out, and each year's models offer minimal improvements. The iPhone is an incredible business for Apple, but it's no longer a growth engine for the company. The services business generated $85 billion of revenue during fiscal 2023, but growth was sluggish. Services revenue rose by about 9%, not enough to offset slumping sales of iPhones, Macs, iPads, and wearables. While earnings per share edged up for the year thanks to share buybacks, net income declined slightly. The big problem for Apple stock is its valuation. The company's market capitalization now tops $3 trillion, putting the price-to-earnings ratio above 30. Given Apple's anemic growth and the lack of a clear catalyst that could accelerate growth, that valuation seems high. The company's Vision Pro headset is its next big swing, but a $3,499 price tag will be tough for customers to swallow. Apple stock has soared nearly 50% in 2023, but don't expect a repeat in 2024. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of the S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Timothy Green has positions in Intel. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, and Nvidia. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

AMD expects the market for AI chips to grow nearly tenfold by 2027 to $400 billion. What if competing chips from AMD, Intel, and others provide viable alternatives to Nvidia's pricey products? If estimates for how big the AI accelerator market will become are close to accurate, there will be mammoth incentives for the tech industry to ensure that there are options beyond Nvidia.

AMD expects the market for AI chips to grow nearly tenfold by 2027 to $400 billion. What if competing chips from AMD, Intel, and others provide viable alternatives to Nvidia's pricey products? That valuation doesn't seem unreasonable at first glance, but you must be willing to assume that Nvidia's incredible profit margins and growth rate will persist.

AMD expects the market for AI chips to grow nearly tenfold by 2027 to $400 billion. What if competing chips from AMD, Intel, and others provide viable alternatives to Nvidia's pricey products? Two stocks that look far too expensive going into 2024 are Nvidia (NASDAQ: NVDA) and Apple (NASDAQ: AAPL).

AMD expects the market for AI chips to grow nearly tenfold by 2027 to $400 billion. What if competing chips from AMD, Intel, and others provide viable alternatives to Nvidia's pricey products? Nvidia's growth has been incredible in 2023, and its profits have soared even faster than revenue.

170288.0

2023-12-29 00:00:00 UTC

Can Nvidia Repeat Its Incredible 2023 Performance in 2024?

AMD

https://www.nasdaq.com/articles/can-nvidia-repeat-its-incredible-2023-performance-in-2024

InvestorPlace - Stock Market News, Stock Advice & Trading Tips This year was certainly one for the books for Nvidia (NASDAQ:NVDA) stock. The graphics processing unit maker seized upon artificial intelligence like no one’s business and didn’t let go. NVDA stock soared 237% in 2023 and was the best-performing stock amongst the so-called Magnificent 7 stocks. Yet 2024 might be more of a challenge. Investors will want to use caution before buying shares. There’s no question Nvidia stock is a good, long-term pick, but at these levels the chipmaker is priced for perfection. AI and NVDA Stock AI set Nvidia’s business soaring. Revenue is up 85% year to date and growth is accelerating. Sales tripled in the third quarter and profits increased even more. Net income is up six-fold over the first nine months of the year but rose 13 times from the year ago period. Nvidia’s performance is mind boggling at times. CEO Jensen Huang told investors that all aspects of its business “are all growth engines in full throttle.” It all comes down to the power of AI. Or rather, the power needed by AI to process the trillions of complex bits of data it crunches. Nvidia’s chip were made for the task. Gaming computers where Nvidia cut its teeth required the robust computational power of the semiconductor stock’s chips. Bitcoin mining found Nvidia chips had the muscle to handle the gargantuan tasks its mandated. It was a natural leap with the advent of generative AI that Nvidia had the chops (and the chips) to perform the calculations. The H100 chip is Nvidia’s most popular AI processor and is now available on every major cloud services platform. In response to the outsized demand, Nvidia boosted production of the processor. Now it’s developed the H200 chip. The new design doubles the inference speed for running large-language models on them and increases it 18 times for ChatGPT-3-type models. Too Good to Last? The massive profits are attracting competitors. Advanced Micro Devices (NASDAQ:AMD) introduced its MI300X chip and Intel (NASDAQ:INTC) is bringing out its Gaudi3 version. Both are reportedly faster and more robust than Nvidia’s H100 and presumably will be offered at much lower cost. That could siphon customers away from Nvidia. There are a few other headwinds as we move into 2024. Because it only designs the chips but doesn’t manufacture them, it outsources their production to Taiwan Semiconductor Manufacturing (NYSE:TSM). But it’s not alone in demanding TSM produce AI chips. AMD, Marvell Technology (NASDAQ:MRVL), and a host of other chipmakers need chips produced as well. TSM is running into capacity constraints. It’s only been able to meet about 80% of demand. Although it will be increasing capacity by 20% next year that’s only a stopgap measure. Another chip shortage is real possibility as demand increases to meet the new load. How to price quality For a stock like Nvidia that trades at 65 times earnings, 27 times sales, and 70x free cash flow, that’s a rich valuation. It assumes Nvidia can keep growing as it has. Any hiccups in the AI race could send the chipmaker’s stock tumbling. CEO Huang also warned the impact of the export controls on chips and technology to China is murky at best. Nvidia has little visibility into how long or how deep the ban will affect its operations. China represents 20% of its data center revenue which is one of its fastest growing businesses. Investors and analysts heap accolades onto Nvidia, considering it a top-tier stock. But not at any price. Investors will find that 2024 will bring much better opportunities to buy NVDA stock than what the market is offering today. On the date of publication, Rich Duprey did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. More From InvestorPlace Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Can Nvidia Repeat Its Incredible 2023 Performance in 2024? appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Advanced Micro Devices (NASDAQ:AMD) introduced its MI300X chip and Intel (NASDAQ:INTC) is bringing out its Gaudi3 version. AMD, Marvell Technology (NASDAQ:MRVL), and a host of other chipmakers need chips produced as well. CEO Jensen Huang told investors that all aspects of its business “are all growth engines in full throttle.” It all comes down to the power of AI.

Advanced Micro Devices (NASDAQ:AMD) introduced its MI300X chip and Intel (NASDAQ:INTC) is bringing out its Gaudi3 version. AMD, Marvell Technology (NASDAQ:MRVL), and a host of other chipmakers need chips produced as well. InvestorPlace - Stock Market News, Stock Advice & Trading Tips This year was certainly one for the books for Nvidia (NASDAQ:NVDA) stock.

Advanced Micro Devices (NASDAQ:AMD) introduced its MI300X chip and Intel (NASDAQ:INTC) is bringing out its Gaudi3 version. AMD, Marvell Technology (NASDAQ:MRVL), and a host of other chipmakers need chips produced as well. InvestorPlace - Stock Market News, Stock Advice & Trading Tips This year was certainly one for the books for Nvidia (NASDAQ:NVDA) stock.

Advanced Micro Devices (NASDAQ:AMD) introduced its MI300X chip and Intel (NASDAQ:INTC) is bringing out its Gaudi3 version. AMD, Marvell Technology (NASDAQ:MRVL), and a host of other chipmakers need chips produced as well. InvestorPlace - Stock Market News, Stock Advice & Trading Tips This year was certainly one for the books for Nvidia (NASDAQ:NVDA) stock.

170289.0

2023-12-29 00:00:00 UTC

AMD Stock: A Solid AI Play; Valuation Appears Expensive

AMD

https://www.nasdaq.com/articles/amd-stock%3A-a-solid-ai-play-valuation-appears-expensive

Advanced Micro Devices (NASDAQ:AMD) is a solid AI (Artificial Intelligence) play, thanks to its growing generative AI offerings. This is reflected in a significant year-to-date gain in AMD’s stock price, which has appreciated by about 130%. Although AMD is expected to benefit from opportunities in AI, it seems that the positives are already reflected in its current market price. Further, its expensive valuation could limit the upside potential. It’s worth highlighting that AMD stock trades at a forward price-to-earnings multiple of 54.97, much higher than the sector median of 25.16. Further, its price /sales ratio of 10.41 is also higher than the sector median of 3.08 and its five-year average of 6.99. With this background, let’s look at the Street’s forecast for AMD stock. Is AMD a Buy, Sell, or Hold? Wall Street is bullish about AMD stock, driven by substantial growth opportunities presented by AI. For instance, the company’s CEO, Lisa Su, expects the data center accelerator TAM (total addressable market) to grow at a CAGR of over 70% over the next four years and reach $400 billion in 2027. This opens up abundant avenues of growth for the company. Goldman Sachs analyst Toshiya Hari raised AMD’s price target to $157 from $137 on December 17. The analyst reiterated his Buy rating on AMD stock, citing higher adoption of its “MI300 Data Center GPU offering across the cloud and enterprise markets.” AMD stock has 26 Buy and eight Hold recommendations for a Strong Buy consensus rating. However, analysts’ average price target of $132.41 implies a downside potential of 10.99% from current levels. Bottom Line The solid adoption of AMD’s new AI GPU, its focus on broadening its product portfolio, and a large addressable market presents significant growth opportunities. However, its expensive valuation remains a concern, as reflected by analysts’ average price target, suggesting a potential downside from current levels. Disclosure The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Bottom Line The solid adoption of AMD’s new AI GPU, its focus on broadening its product portfolio, and a large addressable market presents significant growth opportunities. Advanced Micro Devices (NASDAQ:AMD) is a solid AI (Artificial Intelligence) play, thanks to its growing generative AI offerings. This is reflected in a significant year-to-date gain in AMD’s stock price, which has appreciated by about 130%.

The analyst reiterated his Buy rating on AMD stock, citing higher adoption of its “MI300 Data Center GPU offering across the cloud and enterprise markets.” AMD stock has 26 Buy and eight Hold recommendations for a Strong Buy consensus rating. Bottom Line The solid adoption of AMD’s new AI GPU, its focus on broadening its product portfolio, and a large addressable market presents significant growth opportunities. Advanced Micro Devices (NASDAQ:AMD) is a solid AI (Artificial Intelligence) play, thanks to its growing generative AI offerings.

Although AMD is expected to benefit from opportunities in AI, it seems that the positives are already reflected in its current market price. The analyst reiterated his Buy rating on AMD stock, citing higher adoption of its “MI300 Data Center GPU offering across the cloud and enterprise markets.” AMD stock has 26 Buy and eight Hold recommendations for a Strong Buy consensus rating. Advanced Micro Devices (NASDAQ:AMD) is a solid AI (Artificial Intelligence) play, thanks to its growing generative AI offerings.

Although AMD is expected to benefit from opportunities in AI, it seems that the positives are already reflected in its current market price. Advanced Micro Devices (NASDAQ:AMD) is a solid AI (Artificial Intelligence) play, thanks to its growing generative AI offerings. This is reflected in a significant year-to-date gain in AMD’s stock price, which has appreciated by about 130%.

170290.0

2023-12-29 00:00:00 UTC

7 Cutting-Edge Tech Stocks That Will Define 2024

AMD

https://www.nasdaq.com/articles/7-cutting-edge-tech-stocks-that-will-define-2024

InvestorPlace - Stock Market News, Stock Advice & Trading Tips After the massive gains artificial intelligence companies saw in 2023, there are additional gains to realize by investing in AI in 2024. You can use the Portfolio Grader to find the best AI stock picks for the new year. The AI space will be worth roughly $207.9 billion in 2023. That’s a huge number. But when you look ahead you see it’s only a drop in the bucket. But by 2025, AI should be a $420.4 opportunity, doubling in just two years. By 2030, we’re looking at a projected $1.84 trillion market size for AI. Clearly, there are massive opportunities in investing in these AI stock picks. Artificial intelligence is a disruptive technology that is changing how the world operates as we speak. There are great AI stock picks across the board in customer service and healthcare, or transportation, manufacturing and finance. Companies are scrambling to incorporate AI into their platforms to operate more efficiently, automate processes and serve customers better. AI also leads to even more transformative technologies such as robotics, the Internet of Things, machine learning and blockchain. There are hundreds of companies that either have or are developing AI processes. But the Portfolio Grader is your best option to pick those that have the best chance to profit in 2024. These are seven stocks that are highly ranked as we head into 2024. Nvidia (NVDA) Source: Poetra.RH / Shutterstock.com Any list of AI stocks to buy for 2024 has to start with Nvidia (NASDAQ:NVDA). The Wall Street darling soared in 2023, rising 237% to reach a market capitalization of $1.2 trillion. That makes Nvidia the sixth-largest company in the world by market capitalization. Nvidia is one of the top AI stock picks because AI wouldn’t be possible today without its graphics processing chips. I mean, you could have AI, but it wouldn’t be taking the form and function that you see today. Nvidia’s A100 chip has provided the computational power that drives many AI programs. According to Citigroup, Nvidia has roughly a 90% market share in the AI GPU market, and that’s expected to remain stable for the next couple of years. Consider Nvidia’s massive revenue growth, up 206% in the last year, to $18.12 billion in the most recent quarter. I’m not worried at all about Nvidia topping out any time soon. It gets an “A” rating in the Portfolio Grader Advanced Micro Devices (AMD) Source: Sundry Photography / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD) is on a good run, with the stock price up 125% this year, including a 43% charge higher since late October. Its new Instinct MI300X accelerators look to rival Nvidia, able to handle the power required of today’s AI workloads. The MI300X series is expected to be useful for large-scale cloud computing projects. AMD CEO Lisa Su says that the company has an adequate supply of chips on hand, with a market value of more than $2 billion. So there shouldn’t be any supply chain issues for AMD to get these chips to customers. And there is reasonable concern that AMD stock may be fully valued at this point, I think there’s some reason for bullishness. AMD recently increased its total addressable market estimate for its AI processors from $30 billion to $45 billion. That’s a huge jump. Earnings for the third quarter were $5.8 billion in revenue, up from $5.5 billion a year ago. Income was $299 million and 18 cents per share, versus $66 million and 4 cents per share in the same quarter last year. AMD stock gets an “A” rating in the Portfolio Grader. Microsoft (MSFT) Source: The Art of Pics / Shutterstock.com Microsoft (NASDAQ:MSFT) is another huge company that’s gotten even bigger through AI. Just more than a year ago, Microsoft’s investment and partnership in OpenAI opened the world’s eyes to the potential of generative AI through ChatGPT. The company’s partnership with OpenAI is even drawing the attention of regulators in the U.S. and the U.K., who are looking at Microsoft’s role in the firing and rehiring this fall of OpenAI founder Sam Altman. But I’m not concerned. Nor am I overly concerned about the New York Times’ lawsuit against OpenAI and Microsoft over copyright infringement, even though Microsoft is entitled to 49% of OpenAI’s profits through its investment. Microsoft stock is up 55% in 2023. Its revenue for the first quarter of fiscal 2024 (ending September 30, 2023) was $56.5 billion, up 13% from a year ago. “We are rapidly infusing AI across every layer of the tech stack and for every role and business process to drive productivity gains for our customers,” CEO Satya Nadella said. MSFT stock gets an “A” rating in the Portfolio Grader. Coinbase Global (COIN) Source: Sergei Elagin / Shutterstock.com Coinbase Global (NASDAQ:COIN) is a top digital wallet. It allows users to buy, sell or hold 230 different cryptocurrencies and manages billions in trades of digital assets every quarter. Coinbase uses AI and machine learning to validate users and recognize anomalies that show fraud. For instance, it uses a face-similarity algorithm that extracts faces from previously loaded IDs and compares them to new applicants. Since scammers often use the same photo for multiple IDs, Coinbase is able to detect a forged ID more effectively. Coinbase also has products like Coinbase Advanced, allowing users to use AI and automated strategies to trade and evaluate digital assets. If you’re looking to invest in blockchain and cryptocurrencies without actually buying a token, there are few better choices than a company like Coinbase. COIN stock is up an astounding 420% this year, including a gain of 159% in the last three months. It gets an “A” rating in the Portfolio Grader. Riot Platforms (RIOT) Source: rafapress / Shutterstock.com Riot Platforms (NASDAQ:RIOT) is another way to dive into the crypto market through the back door. The Texas-based company is a top Bitcoin (BTC-USD) mining company. It has over 95,900 miners and a hash rate of 10.7 exahashes per second (an exahash is 1 quintillion hashes, or 1,000,000,000,000,000,000 hash computations). As a result, Riot owns and operates the largest Bitcoin mining facility in the U.S. In November alone it produced 552 Bitcoin, up from 458 in the previous month and up from 521 in November 2022. The company now holds over 7,350 Bitcoin, and that’s after selling 540 of the tokens in November at a price of $19.6 million, up 142% from a year ago. Riot is profiting handsomely from Bitcoin’s advance in price. It sold the tokens at an average price of $36,278 in November, up from $18,000 a year ago. The company’s RiotX algorithm uses AI and machine learning to optimize mining and increase profits by automatically adjusting mining parameters according to network conditions and resources. RIOT stock is up 411% this year. It gets an “A” rating in the Portfolio Grader. Meta Platforms (META) Source: MR Neon / Shutterstock Meta Platforms (NASDAQ:META) is one of the biggest turnaround stories of 2023. After falling 64% in 2022, Meta jumped by nearly 200% this year and is closing in on an all-time high set in September 2021. AI has a lot to do with it. Artificial intelligence is helping Meta monetize its mammoth Facebook and Instagram platforms. It’s rolling out products like Imagine, a standalone AI image generator. Its Meta AI product is an advanced conversational assistant that’s usable in the WhatsApp, Messenger and Instagram platforms. It’s also launching 28 additional AI programs with their own interests and personalities, with some of them played by influencers such as Snoop Dogg, Kendall Jenner and Naomi Osaka. While it could take some time for AI to be a serious contributor to Meta’s bottom line, this type of work could trigger some serious long-term growth for the company’s bottom line. META stock gets an “A” rating in the Portfolio Grader. Uber (UBER) Source: Shutterstock I love Uber (NYSE:UBER) as one of my top AI stock picks right now. The company completely transformed the tax industry by becoming the biggest and best rideshare company. Then it expanded into food delivery with its Uber Eats app. Uber is also the newest member of the S&P 500 as it joined on December 18. Uber uses artificial intelligence to detect crashes and guide its drivers to improve GPS. It also uses AI to help approve new driver’s licenses, improve customer recommendations on its Uber Eats app, and optimize advertisements. Revenue in the third quarter was up 11% to $9.3 billion, and gross bookings were up 21%. UBER stock is up 155% in 2023 and gets an “A” rating in the Portfolio Grader. On the date of publication, Louis Navellier had a long position in NVDA and MSFT. Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article. The InvestorPlace Research Staff member primarily responsible for this article had a long position in NVDA. The staff member did not hold (either directly or indirectly) any other positions in the securities mentioned in this article. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 7 Cutting-Edge Tech Stocks That Will Define 2024 appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

It gets an “A” rating in the Portfolio Grader Advanced Micro Devices (AMD) Source: Sundry Photography / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD) is on a good run, with the stock price up 125% this year, including a 43% charge higher since late October. AMD CEO Lisa Su says that the company has an adequate supply of chips on hand, with a market value of more than $2 billion. So there shouldn’t be any supply chain issues for AMD to get these chips to customers.

It gets an “A” rating in the Portfolio Grader Advanced Micro Devices (AMD) Source: Sundry Photography / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD) is on a good run, with the stock price up 125% this year, including a 43% charge higher since late October. AMD CEO Lisa Su says that the company has an adequate supply of chips on hand, with a market value of more than $2 billion. So there shouldn’t be any supply chain issues for AMD to get these chips to customers.

It gets an “A” rating in the Portfolio Grader Advanced Micro Devices (AMD) Source: Sundry Photography / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD) is on a good run, with the stock price up 125% this year, including a 43% charge higher since late October. AMD CEO Lisa Su says that the company has an adequate supply of chips on hand, with a market value of more than $2 billion. So there shouldn’t be any supply chain issues for AMD to get these chips to customers.

It gets an “A” rating in the Portfolio Grader Advanced Micro Devices (AMD) Source: Sundry Photography / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD) is on a good run, with the stock price up 125% this year, including a 43% charge higher since late October. AMD CEO Lisa Su says that the company has an adequate supply of chips on hand, with a market value of more than $2 billion. So there shouldn’t be any supply chain issues for AMD to get these chips to customers.

170291.0

2023-12-29 00:00:00 UTC

Company News for Dec 29, 2023

AMD

https://www.nasdaq.com/articles/company-news-for-dec-29-2023

Shares of JD.com, Inc. JD rose 2.7%, with mega-cap Chinese stocks staging their biggest jump in five months. Chevron Corporation’s CVX shares declined 1.4% on energy becoming the biggest losing segment of the day. Shares of Consolidated Edison, Inc. ED gained 1% on the utility sector becoming the winner of the session. Advanced Micro Devices, Inc.’s AMD shares advanced 1.8% on reports that the company would release a new graphics card in January 2024. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Chevron Corporation (CVX) : Free Stock Analysis Report Consolidated Edison Inc (ED) : Free Stock Analysis Report JD.com, Inc. (JD) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Advanced Micro Devices, Inc.’s AMD shares advanced 1.8% on reports that the company would release a new graphics card in January 2024. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Chevron Corporation (CVX) : Free Stock Analysis Report Consolidated Edison Inc (ED) : Free Stock Analysis Report JD.com, Inc. (JD) : Free Stock Analysis Report To read this article on Zacks.com click here. Chevron Corporation’s CVX shares declined 1.4% on energy becoming the biggest losing segment of the day.

Advanced Micro Devices, Inc.’s AMD shares advanced 1.8% on reports that the company would release a new graphics card in January 2024. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Chevron Corporation (CVX) : Free Stock Analysis Report Consolidated Edison Inc (ED) : Free Stock Analysis Report JD.com, Inc. (JD) : Free Stock Analysis Report To read this article on Zacks.com click here. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?

Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Chevron Corporation (CVX) : Free Stock Analysis Report Consolidated Edison Inc (ED) : Free Stock Analysis Report JD.com, Inc. (JD) : Free Stock Analysis Report To read this article on Zacks.com click here. Advanced Micro Devices, Inc.’s AMD shares advanced 1.8% on reports that the company would release a new graphics card in January 2024. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.

Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Chevron Corporation (CVX) : Free Stock Analysis Report Consolidated Edison Inc (ED) : Free Stock Analysis Report JD.com, Inc. (JD) : Free Stock Analysis Report To read this article on Zacks.com click here. Advanced Micro Devices, Inc.’s AMD shares advanced 1.8% on reports that the company would release a new graphics card in January 2024. Chevron Corporation’s CVX shares declined 1.4% on energy becoming the biggest losing segment of the day.

170292.0

2023-12-29 00:00:00 UTC

Validea Detailed Fundamental Analysis - AMD

AMD

https://www.nasdaq.com/articles/validea-detailed-fundamental-analysis-amd-24

Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum. ADVANCED MICRO DEVICES, INC. (AMD) is a large-cap growth stock in the Semiconductors industry. The rating using this strategy is 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. FUNDAMENTAL MOMENTUM: PASS TWELVE MINUS ONE MOMENTUM: PASS FINAL RANK: PASS Detailed Analysis of ADVANCED MICRO DEVICES, INC. AMD Guru Analysis AMD Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance. Additional Research Links Top NASDAQ 100 Stocks Top Technology Stocks Top Large-Cap Growth Stocks High Momentum Stocks High Insider Ownership Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). ADVANCED MICRO DEVICES, INC. (AMD) is a large-cap growth stock in the Semiconductors industry. Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.

Detailed Analysis of ADVANCED MICRO DEVICES, INC. AMD Guru Analysis AMD Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.

Detailed Analysis of ADVANCED MICRO DEVICES, INC. AMD Guru Analysis AMD Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.

Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). ADVANCED MICRO DEVICES, INC. (AMD) is a large-cap growth stock in the Semiconductors industry.

170293.0

2023-12-29 00:00:00 UTC

Top 7 Semiconductor Stock Picks for the New Year

AMD

https://www.nasdaq.com/articles/top-7-semiconductor-stock-picks-for-the-new-year

InvestorPlace - Stock Market News, Stock Advice & Trading Tips As you look at semiconductor stock picks for 2024, it’s important to understand the state of the sector. Semiconductors are in the early stages of a super cycle that may have several years to run. That’s good news for investors who are not currently invested in this sector. The seeds for this rally were planted in 2020 when companies and consumers realized how dependent they were on these tiny chips from everything from smartphones to automobiles. As chip stocks tend to do, they surged as companies boosted demand, then fell off as companies had all the chips they needed. But there are two wildcards that are reshaping the cyclical nature of semiconductor stocks. One is the emergence of artificial intelligence (AI) and specifically generative AI. The other catalyst is the CHIPS and Science Act of 2022. The purpose of this legislation is to reward companies that will bring research and development of technologies like semiconductors to the United States. And with the first tranche of funding just released in December 2023, chip stocks are moving higher. Here are seven semiconductor stock picks that are expected to stand out in 2024. Nvidia (NVDA) Source: Poetra.RH / Shutterstock.com Nvidia (NASDAQ:NVDA) was one of the top semiconductor stock picks for 2023, and there’s no reason to believe it won’t be another strong stock in 2024. According to some estimates, Nvidia had about 80% of the data center market prior to the AI boom. And it was quickly apparent that the company’s graphic processing units (GPUs) had the speed to handle the demands of AI applications. Nvidia’s launch of the H200 chip is proof that the company isn’t resting on its laurels. It’s also another reason to believe that the company will remain at the top of the chip sector for some time. However, skeptics point out that the company simply can’t meet the insatiable demand for AI chips, at least not quickly. That will open the door for other competitors. It also calls into question the company’s valuation. The company currently trades at 65x earnings and 44x forward earnings. Putting that aside, analysts are projecting 65% earnings growth with a price target of $668.11. That’s a 34% increase from the current price. And, out of 52 analysts that have issued a rating on NVDA stock in the last three months, 42 give the stock a Strong Buy rating. Advanced Micro Devices (AMD) Source: Pamela Marciano / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD) is well-positioned to take market share from Nvidia. The company’s new MI300 chips have the processing power and memory that will allow it to compete with Nvidia in the data center and AI markets. AMD Chief Executive Officer (CEO) Lisa Su believes the MI300 could contribute $2 billion to the top line in 2024. Many analysts believe that may be too conservative. One reason for that optimism is the company’s partnerships with some of the biggest names in big tech such as Meta Platforms (NASDAQ:META), Amazon (NASDAQ:AMZN), OpenAI, Microsoft (NASDAQ:MSFT), and Oracle (NYSE:ORCL). These companies are all saying they will support both AMD and Nvidia GPUs. AMD stock is up 130% in 2023 and much of that has come in the last three months with the stock surging over 45%. In December, Bank of America (NYSE:BAC) upgraded AMD to a Buy rating with a price target of $165. Intel (INTC) Source: JHVEPhoto / Shutterstock.com Intel (NASDAQ:INTC) is another one of the top semiconductor stock picks for 2024. Even before the CHIPS Act was proposed, Intel was planning to build two chip fabrication plants in the United States. But INTC stock lagged the chip sector in 2023, largely because it didn’t have an AI offering. That’s about to change. Intel will launch the Gaudi 3, its 3rd generation AI accelerator in 2024. The expectation is that it will outperform Nvidia’s H100 chip in data center and deep learning applications. The company is also planning to launch its Falcon Shores GPU in 2025 which will merge the company’s GPU and Gaudi capabilities in a single product. Of all the stocks on this list, INTC stock presents the cloudiest picture. As of this writing, analysts believe the stock’s price will come down significantly in 2024. But in December, the company has been receiving bullish upgrades from at least four analysts. If the company can match analysts’ expectations with solid earnings results, the stock may present an attractive combination of growth and value. Taiwan Semiconductor Manufacturing (TSM) Source: sdx15 / Shutterstock.com Taiwan Semiconductor Manufacturing (NYSE:TSM) presents investors with a different way to invest in semiconductor stocks in 2024. The company manufactures chips for many tech giants. It also partners with chip designers like Nvidia. In fact, the company has 58% market share in the third-party semiconductor manufacturing space. One headwind for TSM stock is geopolitical concerns stemming from a speculated invasion of Taiwan by China. Under that scenario, the chairman of Taiwan’s National Security Bureau remarks that TSMC would be unable to do business due to U.S. sanctions that “prevent Chinese chipmakers from accessing tools they need to produce leading-edge devices.” That threat, along with the CHIPS Act, are key reasons why TSMC is investing heavily to build a fab plant in Arizona. That’s eaten away at earnings in 2023, but analysts expect over 20% earnings growth over the next five years. And unlike many of the stocks on this list, you can buy TSM stock at just 21x forward earnings. Micron Technology (MU) Source: Charles Knowles / Shutterstock.com I recently put Micron Technology (NASDAQ:MU) on a list of three tech stocks projected to take off in 2024. All the arguments I made in that article are also reasons that Micron will be a key semiconductor stock to own in 2024. Micron is the leader in dynamic random-access memory (DRAM) chips. Memory chips will be critical as AI applications require tremendous amounts of memory. The “smart” products that are available today will be dwarfed by what is coming from AI in coming years. In late 2023, Micron launched its HBM3E memory-chip module. The chip design offers 10% more output and 30% less power consumption than competing hardware, making it an ideal choice for the requirements of AI and supercomputing. The company expects to be producing the chips at scale early in 2024 which will deliver several hundred million dollars to the topline in 2024. Analysts are looking past the company’s revenue which on an overall basis was flat in 2023. Instead, they’re focusing on the company’s recent quarter in which it posted strong growth in the data center market. Combined with the expected comeback in the company’s core business sectors and you’ll see why 25 out of 39 analysts give MU stock a Strong buy rating. Analysts continue to bid MU stock higher. More than a dozen analysts have boosted their price target for the stock since the earnings report. And out of 39 analysts, 25 give the stock a Strong Buy rating. Applied Materials (AMAT) Source: michelmond / Shutterstock.com Applied Materials (NASDAQ:AMAT) makes this list of semiconductor stock picks because of the essential role they play in chip manufacturing. Applied Materials is a pick-and-shovel stock because it makes the equipment that chip manufacturers need. Semiconductors lead economic growth, and companies like Applied Materials leads that charge. That’s why it could be slightly concerning that the company’s revenue growth for fiscal year 2023 was around 3%. However, earnings per share (EPS) growth was a more impressive 8%. With AMAT stock trading near the top of its 52-week range as of this writing, investors can expect a pullback. However, with analysts giving the stock a Moderate Buy rating, that will be a good opportunity for investors who are on the sideline to enter a position in one of the essential companies in the semiconductor sector. Skyworks Solutions (SWKS) Source: madamF / Shutterstock.com Yet another way to invest in the semiconductor sector is with Skyworks Solutions (NASDAQ:SWKS). The company isn’t a player in the AI chip market. Rather, it’s focused primarily on creating chips that are needed for wireless devices. But one of the company’s largest customers is Apple (NASDAQ;AAPL). Say what you will about Apple, but the iPhone remains one of the most sought-after mobile devices which should put a floor on SWKS stock. The question may be what is the ceiling? SWKS stock is up 25% in 2023 despite quarterly revenue and earnings that are falling on a year-over-year basis. Nevertheless, analysts still have a Moderate Buy rating on the stock with a $116 price target. That’s only about 1% above the stock’s price as of this writing. That makes it likely that there will be an opportunistic pullback that investors can capitalize on. On the date of publication, Chris Markoch did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Top 7 Semiconductor Stock Picks for the New Year appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Advanced Micro Devices (AMD) Source: Pamela Marciano / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD) is well-positioned to take market share from Nvidia. AMD Chief Executive Officer (CEO) Lisa Su believes the MI300 could contribute $2 billion to the top line in 2024. These companies are all saying they will support both AMD and Nvidia GPUs.

Advanced Micro Devices (AMD) Source: Pamela Marciano / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD) is well-positioned to take market share from Nvidia. AMD Chief Executive Officer (CEO) Lisa Su believes the MI300 could contribute $2 billion to the top line in 2024. These companies are all saying they will support both AMD and Nvidia GPUs.

Advanced Micro Devices (AMD) Source: Pamela Marciano / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD) is well-positioned to take market share from Nvidia. AMD Chief Executive Officer (CEO) Lisa Su believes the MI300 could contribute $2 billion to the top line in 2024. These companies are all saying they will support both AMD and Nvidia GPUs.

Advanced Micro Devices (AMD) Source: Pamela Marciano / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD) is well-positioned to take market share from Nvidia. AMD Chief Executive Officer (CEO) Lisa Su believes the MI300 could contribute $2 billion to the top line in 2024. These companies are all saying they will support both AMD and Nvidia GPUs.

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2023-12-29 00:00:00 UTC

End 2024 in Style. Buy These 3 Unusually Active Options to Hold Until 2025.

AMD

https://www.nasdaq.com/articles/end-2024-in-style.-buy-these-3-unusually-active-options-to-hold-until-2025.

Given this is my last commentary about unusual options activity in 2023, I thought I'd go out with a bang. What a year it's been in the markets. The Dow (up 13.8%), S&P 500 (25.08%), Nasdaq 100 (55.57%), and Russell 2000 (17.57%) are all in positive territory entering the last trading day of the year. Of the 503 stocks in the S&P 500, roughly one-third will finish the year in negative territory. Yet, for most investors, 2023 will be a successful year, especially given it rebounded from a not-so-good year in 2022. The Magnificent 7 delivered an average return of 113% in 2023, double the Nasdaq 100 and 4.5 times the S&P 500. Remove those from the equation; the year wasn’t quite as successful for the S&P 500. Heading into 2024, I thought I’d cover three stocks with unusual options activity that investors can hold into 2025. All three are stocks worth owning for the long haul. Happy New Year to all. We’ll see you on the other side! Hershey (Put) Hershey (HSY) had two unusually active put options on Thursday that expire in 2025. They were the Jan. 17/2025 $260 and Jan. 17/2025 $280. The former’s volume-to-open-interest (Vol/OI) ratio was 5.85, while the latter’s was 5.00. Both have 385 days to expiration. I’ll first explain why I like Hershey, the company, and its stock, and then I’ll return to the two options in question. HSY stock was one of the 166 stocks in the S&P 500 that will finish in negative territory in 2023, down 18.2% year-to-date as I write this in early Friday trading. In May, Hershey's stock traded at a 52-week and all-time high of $276.88. Down 33% in the eight months since it was most certainly due for a correction, at its 2023 high, it was trading at nearly 28x its 2024 earnings per share estimate of $9.97. That’s considerably higher than its five-year average price-to-forward earnings multiple of 24.5. However, its current price of $185 is trading at just 18.6x its 2024 forward EPS estimate. And that doesn’t consider any M&A activity it does in 2024 to strengthen its snacks business, which now accounts for over 10% of its overall revenue. Lastly, Michele Buck is one of the finest CEOs in America. Since becoming CEO in March 2017, her focused strategy has paid big dividends for long-time shareholders. Now, back to the options. The $260 strike had a bid price of $73.50 yesterday, while the $280’s bid was $93.50. So, while the latter bid is $20 higher, the net price for both would be $186.50. Usually, I’d go with the lower strike, but in this instance, I think HSY makes an excellent long-term buy, so being $20 further in the money shouldn’t be a concern if you believe the shares will rise in 2024. I do. Advanced Micro Devices (Call) Advanced Micro Devices (AMD) had quite a year in the markets, gaining 135% YTD. Of course, it doesn’t compare to Nvidia’s (NVDA) 248% return. Nonetheless, it's been a nice ride if you’ve owned AMD in 2023. I believe it can continue. Over the past few years, I noticed that when Nvidia stock performs well as it has over the past 12-18 months, AMD tends to lag behind, and vice versa. Regarding artificial intelligence (AI), Nvidia tends to get most of the positive press clippings. However, AMD CEO Lisa Su isn’t sitting idly by. In September, Su discussed the company’s newest chip, the MI300. “It’s targeted at large language model training as well as large language model inference. Do we see opportunity? Yes. We see significant opportunity, and it’s not just in one place. The idea of the cloud guys are the only users, that’s not true. There’s going to be a lot of enterprise AI,” Su told The Verge editor-in-chief Nilay Patel in September. The one thing I’ve always found about Lisa Su is that she underpromises and over-delivers. The Jan. 17/2025 $250 call had a Vol/OI ratio of 1.32 yesterday. The ask price of $5.90 was a 2.4% down payment on these calls. With a delta of $0.19537, you can double your money on the call with a $30.20 move in its share price over the next 385 days. The worst-case scenario is that the share price doesn’t increase, and you’re out $590. The best case is that it doubles in 2024, and you make $50 a share rather than $6. Zillow Group (Call) I have a funny feeling that residential real estate will heat up in 2024 as interest rates move lower due to subdued inflation. Fannie Mae projects that home prices will rise by 2.8% in 2024; the Mortgage Bankers Association sees a 4.1% increase, while the National Association of Realtors predicts a mere 0.7% growth in the year ahead. Again, it depends on the Federal Reserve’s interest rates and inflation stance. They’re on record saying they should come down in 2024. How far they fall will determine how hot or cold the housing market is. In the end, a housing shortage in the U.S. won't be solved in the near term by lower interest rates and higher new home construction. It will take years for the supply to meet the existing demand. Ultimately, however, the housing market should stabilize in 2024, and that’s good news for Zillow’s business. Despite a 73% gain for Zillow stock in 2023, I could see another big move in 2024. It wouldn’t surprise me if it hit $100 by the end of 2024. It just so happens that Zillow’s unusually active call option yesterday was the Jan. 17/2025 $85 strike with a $4.05 ask. That’s a down payment of 4.8%. While a tad high given the 385 days to expiration, your downside is protected by the 0.30549 delta, which suggests you can double your money on the call with a $13.26 (22.5%) move higher over the next 385 days from its $58.85 current share price. I see the risk/reward proposition in your favor with this long-duration call. More Options News from Barchart Coke vs. PepsiCo: Wednesday's Unusual Options Activity Says Investors Are Thirsty for Answers How to Buy CELH For a 12% Discount, or Achieve a 39% Annual Return Coinbase Stock Shows Large Unusual Stock Options Activity Today 2 Bullish Option Trade Ideas To Consider This Wednesday On the date of publication, Will Ashworth did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Advanced Micro Devices (Call) Advanced Micro Devices (AMD) had quite a year in the markets, gaining 135% YTD. Nonetheless, it's been a nice ride if you’ve owned AMD in 2023. Over the past few years, I noticed that when Nvidia stock performs well as it has over the past 12-18 months, AMD tends to lag behind, and vice versa.

Advanced Micro Devices (Call) Advanced Micro Devices (AMD) had quite a year in the markets, gaining 135% YTD. Nonetheless, it's been a nice ride if you’ve owned AMD in 2023. Over the past few years, I noticed that when Nvidia stock performs well as it has over the past 12-18 months, AMD tends to lag behind, and vice versa.

Advanced Micro Devices (Call) Advanced Micro Devices (AMD) had quite a year in the markets, gaining 135% YTD. Nonetheless, it's been a nice ride if you’ve owned AMD in 2023. Over the past few years, I noticed that when Nvidia stock performs well as it has over the past 12-18 months, AMD tends to lag behind, and vice versa.

Advanced Micro Devices (Call) Advanced Micro Devices (AMD) had quite a year in the markets, gaining 135% YTD. Nonetheless, it's been a nice ride if you’ve owned AMD in 2023. Over the past few years, I noticed that when Nvidia stock performs well as it has over the past 12-18 months, AMD tends to lag behind, and vice versa.

170284.0

2023-12-30 00:00:00 UTC

24 Spectacular Stocks to Buy Hand Over Fist for 2024 (Including Growth Stocks and Dividend Stocks)

AMD

https://www.nasdaq.com/articles/24-spectacular-stocks-to-buy-hand-over-fist-for-2024-including-growth-stocks-and-dividend

Fool.com contributor Parkev Tatevosian has spent hours meticulously selecting a list of stocks he believes will make excellent additions to long-term investor portfolios in 2024. *Stock prices used were the afternoon prices of Dec. 28, 2023. The video was published on Dec. 30, 2023. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Parkev Tatevosian, CFA has positions in Alphabet, PayPal, Visa, and Walt Disney. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Chewy, Fiverr International, Fortinet, Home Depot, Meta Platforms, Netflix, Nike, Nvidia, PayPal, Salesforce, Six Flags Entertainment, Starbucks, Target, Uber Technologies, Visa, Walt Disney, and Zoom Video Communications. The Motley Fool recommends Alibaba Group and eBay and recommends the following options: long January 2024 $47.50 calls on Coca-Cola, long January 2025 $47.50 calls on Nike, short December 2023 $67.50 puts on PayPal, and short January 2024 $45 calls on eBay. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Fool.com contributor Parkev Tatevosian has spent hours meticulously selecting a list of stocks he believes will make excellent additions to long-term investor portfolios in 2024. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Chewy, Fiverr International, Fortinet, Home Depot, Meta Platforms, Netflix, Nike, Nvidia, PayPal, Salesforce, Six Flags Entertainment, Starbucks, Target, Uber Technologies, Visa, Walt Disney, and Zoom Video Communications.

See the 10 stocks *Stock Advisor returns as of December 18, 2023 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. The Motley Fool recommends Alibaba Group and eBay and recommends the following options: long January 2024 $47.50 calls on Coca-Cola, long January 2025 $47.50 calls on Nike, short December 2023 $67.50 puts on PayPal, and short January 2024 $45 calls on eBay.

Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Chewy, Fiverr International, Fortinet, Home Depot, Meta Platforms, Netflix, Nike, Nvidia, PayPal, Salesforce, Six Flags Entertainment, Starbucks, Target, Uber Technologies, Visa, Walt Disney, and Zoom Video Communications.

Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. Parkev Tatevosian, CFA has positions in Alphabet, PayPal, Visa, and Walt Disney.

170285.0

2023-12-30 00:00:00 UTC

These 3 Tech Stocks Could Outperform the S&P 500 in 2024

AMD

https://www.nasdaq.com/articles/these-3-tech-stocks-could-outperform-the-sp-500-in-2024

Many tech stocks stumbled in 2022 as rising interest rates and other macro headwinds rattled the markets. However, many of those stocks also bounced back in 2023 in anticipation of lower rates and a stabilizing macro environment. That bullishness should persist in 2024 as the PC market recovers, the smartphone market stabilizes, and the artificial intelligence (AI) market expands. I personally believe Intel (NASDAQ: INTC), HP (NYSE: HPQ), and Micron (NASDAQ: MU) will all be lifted higher by those tailwinds and outperform the S&P 500 over the next 12 months. Image source: Getty Images. Intel Intel is the largest producer of x86 central processing units (CPUs) for PCs and data centers. It experienced a growth spurt during the pandemic as consumers bought new PCs for remote work, online classes, and gaming. Data centers also upgraded their servers with new chips to handle the increased usage of their cloud-based services. However, Intel suffered a severe slowdown over the past two years as the pandemic ended, and macro headwinds drove companies to rein in their spending. Intel also fell behind Taiwan Semiconductor Manufacturing (TSMC) (NYSE: TSM) in the process race to manufacture smaller and denser chips. So, its smaller rival, AMD (NASDAQ: AMD) -- which outsourced its production to TSMC -- pulled ahead of Intel with more power-efficient chips. That's why Intel's revenue has declined year over year for seven consecutive quarters. That situation might seem bleak, but Intel's revenue actually grew sequentially over the past two quarters as the PC market gradually stabilized. Intel also believes its own foundries can catch up to TSMC in the process race in the near future, which would widen its competitive moat against AMD. Analysts expect Intel's revenue and adjusted earnings to grow 13% and 99%, respectively, in 2024 as those tailwinds kick in. Intel's stock might not seem like a bargain at 30 times next year's earnings, but its rising profits should quickly compress its forward valuations as the PC market heats up again. HP HP, one of the world's largest producers of PCs and printers, experienced a similar boom and bust cycle as Intel. Its revenue has declined year over year for six consecutive quarters as its sales of consumer PCs and printers slipped after the pandemic and macroeconomic headwinds curbed its sales of commercial hardware. However, HP's sales of personal systems (PCs and workstations) still rose sequentially over the past two quarters. Its sales of printers also grew sequentially last quarter. That stabilization suggests the company has finally reached its cyclical trough -- and analysts expect its revenue and adjusted earnings per share (EPS) to rise 2% and 5%, respectively, in fiscal 2024 (which ends in October 2024). Those growth rates might seem low, but its stock is dirt cheap at eight times forward earnings and pays an attractive forward yield of 3.7%. Looking ahead, the company plans to lay off 7%-10% of its workforce by the end of fiscal 2025, streamline its PC portfolio, and launch new products for the higher-growth hybrid work, gaming, industrial graphics, and 3D printing markets. It also intends to roll out new subscription services to expand its gross margins. Those ambitious plans could breathe fresh life into HP's aging business and make it an attractive stock for long-term investors again. Micron Micron is one of the world's largest producers of DRAM and NAND memory chips. The end of the 5G upgrade cycle in smartphones, the slowing PC market, and macro challenges for other markets all took a toll on its growth over the past year. But in the first quarter of fiscal 2024 (which ended on Nov. 30), Micron's revenue rose 16% year over year and finally ended its five-quarter streak of declining revenue. It expects an acceleration to 44% revenue growth in the second quarter, which clearly indicates its cyclical slowdown is over. Micron attributes that recovery to the expansion of the generative AI market, the robust growth of the automotive chip market, and the stabilization of the smartphone market. Analysts expect its revenue to rise 32% for the full year as it significantly narrows its net losses. For fiscal 2025, they expect its revenue to rise 41% as it returns to profitability. Micron trades at just 14 times next year's earnings, which suggests the market hasn't fully priced in its cyclical recovery yet. It could head much higher in 2024 as more investors realize that brighter days are ahead for this memory chipmaker. Should you invest $1,000 in Intel right now? Before you buy stock in Intel, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Intel wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, HP, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

So, its smaller rival, AMD (NASDAQ: AMD) -- which outsourced its production to TSMC -- pulled ahead of Intel with more power-efficient chips. Intel also believes its own foundries can catch up to TSMC in the process race in the near future, which would widen its competitive moat against AMD. Intel's stock might not seem like a bargain at 30 times next year's earnings, but its rising profits should quickly compress its forward valuations as the PC market heats up again.

So, its smaller rival, AMD (NASDAQ: AMD) -- which outsourced its production to TSMC -- pulled ahead of Intel with more power-efficient chips. Intel also believes its own foundries can catch up to TSMC in the process race in the near future, which would widen its competitive moat against AMD. Intel also fell behind Taiwan Semiconductor Manufacturing (TSMC) (NYSE: TSM) in the process race to manufacture smaller and denser chips.

So, its smaller rival, AMD (NASDAQ: AMD) -- which outsourced its production to TSMC -- pulled ahead of Intel with more power-efficient chips. Intel also believes its own foundries can catch up to TSMC in the process race in the near future, which would widen its competitive moat against AMD. Intel's stock might not seem like a bargain at 30 times next year's earnings, but its rising profits should quickly compress its forward valuations as the PC market heats up again.

So, its smaller rival, AMD (NASDAQ: AMD) -- which outsourced its production to TSMC -- pulled ahead of Intel with more power-efficient chips. Intel also believes its own foundries can catch up to TSMC in the process race in the near future, which would widen its competitive moat against AMD. But in the first quarter of fiscal 2024 (which ended on Nov. 30), Micron's revenue rose 16% year over year and finally ended its five-quarter streak of declining revenue.

170286.0

2023-12-30 00:00:00 UTC

Is It Too Late to Buy Nvidia Stock?

AMD

https://www.nasdaq.com/articles/is-it-too-late-to-buy-nvidia-stock-16

Nvidia (NASDAQ: NVDA) was the perfect stock to ride the demand for artificial intelligence (AI) computing in 2023. The graphics processing unit (GPU) leader saw its growth explode throughout the year. Revenue was up 206% year over year in the fiscal third quarter. That enormous growth spurt sent the stock up 238% in 2023. It's not common for large companies like Nvidia with billions in annual revenue to suddenly experience this level of growth. Obviously, the demand for AI chips is massive, but investors are probably wondering how much more upside the stock could have in 2024. After all, Nvidia's guidance is pointing to slowing growth. Here's what you should know about Nvidia's growth outlook before deciding to buy the stock. Key risk factors to watch in 2024 Most of the stock's gain was in the first half of the year. Since the end of June, Nvidia shares have risen just 16%. There are a few factors weighing on the stock as we look ahead to 2024. Chip export restrictions to China by the U.S. government have created some uncertainty for Nvidia's near-term momentum. The U.S. expanded these restrictions to Vietnam and other countries recently, where revenue has comprised up to a quarter of Nvidia's data center business. However, management expects strong growth in other regions to more than offset this headwind in the short term. Another risk factor is the limited supply of AI chips and efforts by other tech companies to design their own processors. Google parent Alphabet, Microsoft, and Intel, among others, have their own chips that deliver a better price-performance ratio than Nvidia's costly H100 and H200 GPUs. However, none of these alternatives have been a match for the horsepower provided by Nvidia's data center chips, which have become the standard for all the major cloud service providers. The greatest near-term challenge might come from Advanced Micro Devices, which just launched new data center GPUs designed for AI workloads. But AMD expects these GPUs to generate only $2 billion in revenue in 2024, which isn't much next to Nvidia. Nvidia's data center revenue was over $14 billion in the fiscal third quarter alone, representing an annualized rate of $56 billion. Nvidia expects total revenue to be approximately $20 billion in fiscal Q4, compared to just $6 billion in the year-ago quarter. The massive jump in revenue has been a godsend for the company's profits. As we'll see, this factor alone could justify further gains for the stock in 2024. Growth is slowing, but the stock's valuation is attractive for long-term investors Nvidia's guidance shows a lower rate of increase over the previous quarter. The market is anticipating slowing growth next year. However, the stock still looks undervalued considering Nvidia's growth in profits. Advanced AI chips produce higher margins than other chip sales. The favorable mix shift to higher-margin chips is juicing Nvidia's bottom line, where earnings per share jumped 1,274% year over year last quarter. The stock trades at just 25 times forward earnings estimates. Nvidia's forward P/E is a bargain for a company serving a fast-growing AI market. AI is one of the biggest growth opportunities in decades. It's becoming fundamental to products and services that consumers use every day. Nvidia is a blue chip AI stock everyone should consider tucking away in their nest egg. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Ballard has positions in Advanced Micro Devices and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Microsoft, and Nvidia. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

But AMD expects these GPUs to generate only $2 billion in revenue in 2024, which isn't much next to Nvidia. Google parent Alphabet, Microsoft, and Intel, among others, have their own chips that deliver a better price-performance ratio than Nvidia's costly H100 and H200 GPUs. The greatest near-term challenge might come from Advanced Micro Devices, which just launched new data center GPUs designed for AI workloads.

But AMD expects these GPUs to generate only $2 billion in revenue in 2024, which isn't much next to Nvidia. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Microsoft, and Nvidia.

But AMD expects these GPUs to generate only $2 billion in revenue in 2024, which isn't much next to Nvidia. Growth is slowing, but the stock's valuation is attractive for long-term investors Nvidia's guidance shows a lower rate of increase over the previous quarter. However, the stock still looks undervalued considering Nvidia's growth in profits.

But AMD expects these GPUs to generate only $2 billion in revenue in 2024, which isn't much next to Nvidia. Revenue was up 206% year over year in the fiscal third quarter. Nvidia's data center revenue was over $14 billion in the fiscal third quarter alone, representing an annualized rate of $56 billion.

170281.0

2023-12-31 00:00:00 UTC

Guru Fundamental Report for AMD

AMD

https://www.nasdaq.com/articles/guru-fundamental-report-for-amd-62

Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum. ADVANCED MICRO DEVICES, INC. (AMD) is a large-cap growth stock in the Semiconductors industry. The rating using this strategy is 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. FUNDAMENTAL MOMENTUM: PASS TWELVE MINUS ONE MOMENTUM: PASS FINAL RANK: PASS Detailed Analysis of ADVANCED MICRO DEVICES, INC. AMD Guru Analysis AMD Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance. Additional Research Links Top NASDAQ 100 Stocks Top Technology Stocks Top Large-Cap Growth Stocks High Momentum Stocks High Insider Ownership Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). ADVANCED MICRO DEVICES, INC. (AMD) is a large-cap growth stock in the Semiconductors industry. Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.

Detailed Analysis of ADVANCED MICRO DEVICES, INC. AMD Guru Analysis AMD Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.

Detailed Analysis of ADVANCED MICRO DEVICES, INC. AMD Guru Analysis AMD Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang.

Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). ADVANCED MICRO DEVICES, INC. (AMD) is a large-cap growth stock in the Semiconductors industry.

170282.0

2023-12-31 00:00:00 UTC

Here's Why Nvidia and AMD Are Set to Skyrocket in 2024

AMD

https://www.nasdaq.com/articles/heres-why-nvidia-and-amd-are-set-to-skyrocket-in-2024

Semiconductor stocks outperformed the broader market by a wide margin in 2023, which is evident from the 66% gain clocked by the PHLX Semiconductor Sector index as compared to the 24% gain of the S&P 500 index as of Dec. 27. Booming demand for artificial intelligence (AI) chips played a key role in driving the impressive surge in semiconductor stocks this year. Not surprisingly, prominent semiconductor companies such as Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) have delivered healthy gains to shareholders in 2023. AMD data by YCharts. The good part is that these semiconductor giants' stocks could continue soaring in 2024 thanks to the emergence of a new catalyst. The PC market is set to rebound in 2024 Sales of personal computers (PCs) have been declining every quarter since the beginning of 2022. That market experienced a sharp surge in demand in 2020 and 2021 thanks to the coronavirus pandemic, which led many consumers to buy new PCs as they shifted to doing more learning, working, and playing at home. However, that demand disappeared in 2022 and the market is estimated to have declined further in 2023. The good news: 2024 may be the year when PC sales rise again. Market research firm IDC is predicting a 3.4% increase in PC shipments in the new year, while Canalys is forecasting a jump of 8%. Both firms assert that the growth will be fueled by the advent of AI-enabled PCs, an aging installed base of existing computers, and the looming necessity for users to upgrade to Windows 11 as Microsoft is set to end support for Windows 10 in October 2025. What's more, IDC is expecting the PC market to clock a compound annual growth rate of 3.1% through 2027. A turnaround in PC sales would be great news for Nvidia and AMD as both companies supply chips for PCs and rely on this space for significant chunks of their top lines. Nvidia and AMD would benefit People install Nvidia's graphics cards in PCs to power graphics-intensive tasks such as game-playing, 3D rendering, and video editing. Nvidia has a market share of more than 80% in discrete graphics cards and it's already witnessing a nice recovery in sales of its PC graphics cards as manufacturers restock their inventories in anticipation of a recovery in demand. In its fiscal 2024 second quarter, which ended July 30, Nvidia's gaming revenue increased 22% year over year to $2.5 billion. This was followed by a year-over-year increase of 81% in the following quarter. Gaming accounted for nearly 16% of Nvidia's revenue in the most recent quarter and the gaming business's impressive momentum of late is likely to complement the AI-fueled growth of its data center business and lead to impressive growth in 2024. NVDA Revenue Estimates for Current Fiscal Year data by YCharts. What's more, Nvidia management said during the November conference call with analysts that "generative AI is quickly emerging as the new killer app for high-performance PCs." The chipmaker is looking to target this market with a new platform that's going to significantly increase the speed of AI inference workloads on PCs, which could lead to a jump in the adoption of its graphics cards. AMD has also witnessed a sharp turnaround in its PC-focused business, which includes central processing units (CPUs) used in desktops, laptops, and workstations. The chipmaker's revenue from this segment was up 42% year over year to $1.5 billion in the third quarter, and accounted for 26% of its top line. AMD management said in an October conference call with analysts that sales of its Ryzen AI PC processors "grew significantly in the quarter as inventory levels in the PC market normalized and demand began returning to seasonal patterns." CEO Lisa Su also added that AMD has launched more than 50 new notebook designs powered by the Ryzen AI processors, which are equipped with an on-chip AI accelerator to tackle AI workloads. Even more exciting, AMD says that it is "working closely with Microsoft on the next generation of Windows that will take advantage of our on-chip AI Engine to enable the biggest advances in the Windows user experience in more than 20 years." AMD seems set to ride the wave of recovery in PC sales, especially considering that it has been grabbing a bigger share of this market. Analysts are expecting AMD's revenue to increase 17% next year to $24 billion, but the company's growing footprint in the AI data center chip space and a recovery in the PC market could help it deliver a stronger revenue jump. This, in turn, could send shares of AMD higher, which is why investors may want to load up on this semiconductor stock right away. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Microsoft, and Nvidia. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

A turnaround in PC sales would be great news for Nvidia and AMD as both companies supply chips for PCs and rely on this space for significant chunks of their top lines. Not surprisingly, prominent semiconductor companies such as Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) have delivered healthy gains to shareholders in 2023. AMD data by YCharts.

Not surprisingly, prominent semiconductor companies such as Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) have delivered healthy gains to shareholders in 2023. AMD management said in an October conference call with analysts that sales of its Ryzen AI PC processors "grew significantly in the quarter as inventory levels in the PC market normalized and demand began returning to seasonal patterns." AMD data by YCharts.

AMD management said in an October conference call with analysts that sales of its Ryzen AI PC processors "grew significantly in the quarter as inventory levels in the PC market normalized and demand began returning to seasonal patterns." Analysts are expecting AMD's revenue to increase 17% next year to $24 billion, but the company's growing footprint in the AI data center chip space and a recovery in the PC market could help it deliver a stronger revenue jump. Not surprisingly, prominent semiconductor companies such as Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) have delivered healthy gains to shareholders in 2023.

AMD management said in an October conference call with analysts that sales of its Ryzen AI PC processors "grew significantly in the quarter as inventory levels in the PC market normalized and demand began returning to seasonal patterns." Analysts are expecting AMD's revenue to increase 17% next year to $24 billion, but the company's growing footprint in the AI data center chip space and a recovery in the PC market could help it deliver a stronger revenue jump. Not surprisingly, prominent semiconductor companies such as Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) have delivered healthy gains to shareholders in 2023.

170283.0

2023-12-31 00:00:00 UTC

Trillion-Dollar Titans: Top 3 Stocks to Grab Before They Explode in Value

AMD

https://www.nasdaq.com/articles/trillion-dollar-titans%3A-top-3-stocks-to-grab-before-they-explode-in-value

InvestorPlace - Stock Market News, Stock Advice & Trading Tips A seismic shift is underway in the semiconductor industry, where innovation meets the promise of astronomical growth. Imagine a landscape of three juggernauts poised at the precipice of an explosive market surge. Their strategies and innovations hint at the creation of trillion-dollar titans. The first one has an unwavering revenue trajectory and a diverse product portfolio. Meanwhile, the second one dominates generative AI and networking. Finally, the third one has a strategic pivot towards AI infrastructure, beckoning an era of unprecedented possibilities. These giants, wielding technological prowess and market foresight, symbolize the beating heart of Silicon Valley’s future. Let’s explore the crux of the trio’s technology-based trillion-dollar race. ASML (ASML) Source: Ralf Liebhold / Shutterstock ASML’s (NASDAQ:ASML) performance demonstrates a robust trend in net sales. Consistent revenue generation reflects the company’s ability to forecast and execute effectively. Also, a steady trajectory in sales signifies market demand for their products and services, indicating sustained growth. Also, the composition of net system sales, primarily driven by logic at 76% and memory at 24%, highlights ASML’s diverse product portfolio. Such a balanced distribution mitigates the risks associated with dependence on a single product line or market segment. This allows the company to leverage opportunities across different sectors within the semiconductor industry. ASML is capturing market share in various technological applications, ensuring resilience against macro-adversities. A strong order book is a vital element of ASML’s growth. The Q3 net system bookings totaling EUR2.6 billion contributed to a substantial backlog of over EUR35 billion. This robust order book provides visibility into future revenue streams, indicating sustained demand for ASML’s products and services. ASML observed a surge in demand from China, with substantial orders booked in previous years and a current uptick in shipments to Chinese customers. Therefore, this anticipation of future market trends and technology adoption reflects the company’s strategic planning and readiness to capitalize on emerging opportunities. Broadcom (AVGO) Source: Sasima / Shutterstock.com Generative AI is an emerging moat for Broadcom (NASDAQ:AVGO). The generative AI revenue in Q4 2023 amounted to nearly $1.5 billion, representing 20% of the semiconductor revenue. Ethernet solutions and custom AI accelerators primarily drive this segment’s growth. Fundamentally, the company’s focus on generative AI speaks volumes about its focus on meeting the demands of advanced technologies. Investing in custom AI accelerators aligns with the growing necessity for tailored AI solutions across industries, especially in hyperscalers and large enterprises. Moreover, growth is embedded in other segments of the company. For instance, networking revenue in Q4 2023 soared by 23% year over year (YOY), amounting to $3.1 billion and constituting 42% of Broadcom’s semiconductor revenue. This growth was fueled by heightened demand from hyperscalers for AI accelerators, networking switches, routers, and NICs. The consistent growth of networking revenue reached $10.8 billion in fiscal 2023 and is projected to grow further in 2024. Broadcom’s guidance for fiscal 2024, projecting consolidated revenue of $50 billion, a 40% YOY increase. This suggests the company’s optimistic outlook and confidence in sustaining substantial growth. The quarterly common stock cash dividend increased by 14% to $5.25 per share. And, the company aims for an annual dividend of $21 per share in fiscal 2024, signifying its focus on returning value to shareholders. AMD (AMD) Source: JHVEPhoto / Shutterstock.com As a tech supplier, AMD (NASDAQ:AMD) is crucial within the AI market. The data center AI accelerator market has a massive anticipated growth rate, from $30 billion in 2023 to over $150 billion in 2027. Projected initially at a 50% annual growth rate, the industry adoption has accelerated. Then, this led to the expectation of over 70% annual growth in the next four years, reaching over $400 billion in 2027. To capitalize on this trend, AMD’s strategy has three core priorities – product portfolio enhancement, developer-friendly software platforms, and extensive partnership collaborations. AMD stands ready and adaptable to address AI infrastructure demands. It emphasizes the need for high-performing, energy-efficient GPUs, CPUs, and adaptive computing solutions. For instance, the launch of MI300X signifies AMD’s focus on technical innovation, specifically in generative AI. Additionally, the performance metrics comparing the MI300X with competitor models demonstrate the MI300X’s superiority. AMD has 2.4x more memory capacity, 1.6x more memory bandwidth than competitors, and up to 1.6x faster inference performance on widely used models like Llama2-70b. Lastly, the expansion of AMD’s ecosystem is also supported by the Instinct GPUs and software advancements like ROCm 6. There are significant performance improvements in ROCm 6 for inference tasks and competitive performance metrics with smaller models compared to competitors. As of this writing, Yiannis Zourmpanos held a long position in ASML. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Trillion-Dollar Titans: Top 3 Stocks to Grab Before They Explode in Value appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

To capitalize on this trend, AMD’s strategy has three core priorities – product portfolio enhancement, developer-friendly software platforms, and extensive partnership collaborations. Source: JHVEPhoto / Shutterstock.com As a tech supplier, AMD (NASDAQ:AMD) is crucial within the AI market. AMD stands ready and adaptable to address AI infrastructure demands.

Source: JHVEPhoto / Shutterstock.com As a tech supplier, AMD (NASDAQ:AMD) is crucial within the AI market. To capitalize on this trend, AMD’s strategy has three core priorities – product portfolio enhancement, developer-friendly software platforms, and extensive partnership collaborations. AMD stands ready and adaptable to address AI infrastructure demands.

Source: JHVEPhoto / Shutterstock.com As a tech supplier, AMD (NASDAQ:AMD) is crucial within the AI market. To capitalize on this trend, AMD’s strategy has three core priorities – product portfolio enhancement, developer-friendly software platforms, and extensive partnership collaborations. AMD stands ready and adaptable to address AI infrastructure demands.

AMD stands ready and adaptable to address AI infrastructure demands. Source: JHVEPhoto / Shutterstock.com As a tech supplier, AMD (NASDAQ:AMD) is crucial within the AI market. To capitalize on this trend, AMD’s strategy has three core priorities – product portfolio enhancement, developer-friendly software platforms, and extensive partnership collaborations.

170277.0

2024-01-01 00:00:00 UTC

7 Megatrend Stocks to Buy for a Mighty Start to 2024

AMD

https://www.nasdaq.com/articles/7-megatrend-stocks-to-buy-for-a-mighty-start-to-2024

InvestorPlace - Stock Market News, Stock Advice & Trading Tips 2024 promises to be a lucrative year in the stock market for many reasons. First of all, the Federal Reserve is on track to begin easing off in its efforts to cool an overheated economy. Interest rates are set to decrease with multiple projected cuts on the horizon. Beyond that though, the world continues to evolve at a rapid pace with multiple megatrends promising to galvanize strong growth. Perhaps none is more salient and influential than artificial intelligence. However there are many other trends to consider including sustainability, mobility, demographics, geopolitics and more. The biggest trends, the so-called megatrends, are particularly worth paying attention to. Joby Aviation (ACHR) Source: T. Schneider / Shutterstock.com A recent article in Forbes demonstrates why investors should be inherently interested in Joby Aviation (NYSE:ACHR) and its stock. The article paints a picture of an airline passenger who has just disembarked from a Hypersonic flight taking 2 hours from New York to London. That passenger then jumps into an urban air mobility drone, avoiding rush hour traffic, and arrives home in 20 minutes. Urban air mobility has emerged as one of the megatrends to pay attention to in 2023. Firms including Joby Aviation are developing electric vertical takeoff and landing vehicles (eVTOLs) at a rapid pace. These firms have established strong relationships with airline companies, Joby with Delta (NYSE:DAL), that promise to revolutionize commercial flight. The company undertook exhibition flights in New York City in November. The company expects to drastically decrease the time required to and from major airports in the area. For example, it anticipates that a flight to JFK from the surrounding boroughs will decline from 1 hour to 7 minutes. Joby Aviation continues to demonstrate the volume potential of its operations at airports. Joby recently demonstrated that it would be possible to operate 120 flights per hour in and out of busy airports. Lithium Americas (LAC) Source: Wirestock Creators / Shutterstock.com Lithium Americas (NYSE:LAC) Is another stock to consider that leverages the drastic changes occurring across the field of mobility. Electric vehicles continue to displace internal combustion engine vehicles although their growth has not been linear. I am, of course, referring to the recent collapse in lithium prices and EV sales. In short, the electrification of vehicles is not going to stop. EV adoption is still relatively early overall but investors should rest assured the industry is not dying. Lithium did however face a steep price correction in 2023 that saw prices decline by 80%. However with every decline there is always a chance of rebound. Current expectations are that the rebound in lithium prices will begin either in 2024 or perhaps 2025. That coincides quite well with Lithium Americas and its future production plans. The company owns the rights to Thacker Pass which is the largest lithium deposit in the Western hemisphere. Lithium Americas commenced construction in June of this year and anticipates lithium mining operations to start sometime in 2026. It isn’t hyperbolic to suggest that investing in Lithium Americas could produce 10x returns. Nvidia (NVDA) Source: Sergio Photone / Shutterstock.com Nvidia (NASDAQ:NVDA) could pop up on any megatrend stock list for a number of reasons. The company is intimately connected with all things technological being that it is the leading producer of the most in-demand chips. Primarily though, Nvidia promises to provide a strong start to 2024 because of artificial intelligence. Of course, artificial intelligence is a megatrend that has taken off in 2023. Its rapid emergence has turned Nvidia into an even more important company. As strong as Nvidia’s performance has been in 2023, 2024 appears to be just as strong. The analysts covering Nvidia’s shares anticipate that prices could rise by 50% again, if not more. Nvidia has cornered the market for AI chips and demand for its h100 chips has been staggering. That said, the company is expected to launch its updated h200 chips in 2024 that promise to further consolidate its lead over the AI field. AMD (AMD) Source: JHVEPhoto / Shutterstock.com AMD (NASDAQ:AMD) has to be the other stock to consider in relation to the artificial intelligence megatrend. While the company continues to play second fiddle to Nvidia, it has emerged as a legitimate competitor. Back in mid-November the company announced an event to introduce its MI300 GPU accelerator. Then, weeks later, in early December the company released the new chips which will be available in 2024. The news has sent AMD shares from just below $100 to nearly $150 as I write this. It has become clear that major companies are very interested in AMD’s chips for their application to artificial intelligence. Major purchasers including Microsoft (NASDAQ:MSFT) and Meta Platforms (NASDAQ:META) have noted that they are willing to switch from Nvidia’s h100 chips to AMD’s mi300 chips once they are available. The news is a clear indication that major tech firms believe in AMD and are also frustrated with Nvidia for its pricing. Overall though, it’s a strong indication that AMD is going to remain as a potent challenger in the AI conversation. Qualcomm (QCOM) Source: Akshdeep Kaur Raked / Shutterstock.com Qualcomm (NASDAQ:QCOM) is another important tech company that touches on many of the megatrends of the near future. The stock is a wise choice for many reasons including its stability and dividend as well as its relationship with Apple (NASDAQ:AAPL). For the purposes of this conversation though, I’ll be talking about Qualcomm in relation to its 5G business. 5G is one of the mega trends that has emerged over the past few years. It promises to rapidly increase the speed of communication and the degree of connectivity. The push toward greater and greater connectivity is not going to slow and it is estimated that $20,000 satellites will be launched this decade in order to facilitate that increased connectivity. Qualcomm notes that 5G is imperative for the Continue development of the digital economy. In fact, the company believes that the overall value associated with 5G will exceed $13 trillion by 2035. IBM (IBM) Source: shutterstock.com/LCV IBM (NYSE:IBM) Has emerged as the company that is most closely associated with the development of quantum computing. Quantum computing is a nascent technology that promises to fundamentally change computing overall. The field leverages quantum mechanics to solve problems that are too complex for current classical computers to solve. Quantum computing is an incredibly complex field and those who would like to learn more about it should do so through this link. The important thing to understand for the layman investor like myself is that IBM is the leader in quantum computing. Thus, if any company is best positioned to take advantage of this megatrend, IBM is it. IBM’s industry-best qubit count is expected to more than quadruple by 2025. The company is developing quantum computing hardware as well as software including the cloud-based quantum computing services. If quantum computing lives up to its billing then IBM can grow rapidly. For now, current investors can get a dividend that yields more than 4% making IBM shares attractive for income investors and those looking for future growth. MercadoLibre (MELI) Source: rafapress / Shutterstock.com MercadoLibre (NASDAQ:MELI) often enters discussions that relate to e-commerce and fintech stocks. It’s probably the clearest example of a company that is showing strong results in both regards. The company has emerged as the dominant force in Latin American e-commerce and created a strong, rapidly growing payments platform in the process. MercadoLibre’s results in that regard are incredibly impressive. During the third quarter, revenues increased by more than 69%, reaching $3.8 billion. Meanwhile, gross payment volume grew by 121% to $47.3 billion. And while Mercado Libre deserves recognition for those results, there are other megatrends that I want to focus on. Instead, it is the megatrend of emerging markets. Economists continue to note that emerging markets have vast untapped potential. World superpowers including the United States and China face significant problems which has led investors to look at emerging markets with a greater focus. Thus, firms like MercadoLibre are well positioned due to their exposure to the emerging market trend as well as those in fintech and commerce. On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. More From InvestorPlace Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 7 Megatrend Stocks to Buy for a Mighty Start to 2024 appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source: JHVEPhoto / Shutterstock.com AMD (NASDAQ:AMD) has to be the other stock to consider in relation to the artificial intelligence megatrend. The news has sent AMD shares from just below $100 to nearly $150 as I write this. It has become clear that major companies are very interested in AMD’s chips for their application to artificial intelligence.

Source: JHVEPhoto / Shutterstock.com AMD (NASDAQ:AMD) has to be the other stock to consider in relation to the artificial intelligence megatrend. The news has sent AMD shares from just below $100 to nearly $150 as I write this. It has become clear that major companies are very interested in AMD’s chips for their application to artificial intelligence.

Source: JHVEPhoto / Shutterstock.com AMD (NASDAQ:AMD) has to be the other stock to consider in relation to the artificial intelligence megatrend. The news has sent AMD shares from just below $100 to nearly $150 as I write this. It has become clear that major companies are very interested in AMD’s chips for their application to artificial intelligence.

Source: JHVEPhoto / Shutterstock.com AMD (NASDAQ:AMD) has to be the other stock to consider in relation to the artificial intelligence megatrend. The news has sent AMD shares from just below $100 to nearly $150 as I write this. It has become clear that major companies are very interested in AMD’s chips for their application to artificial intelligence.

170278.0

2024-01-01 00:00:00 UTC

2024’s Power Players: 7 Stocks Racing to a Trillion Valuation

AMD

https://www.nasdaq.com/articles/2024s-power-players%3A-7-stocks-racing-to-a-trillion-valuation

InvestorPlace - Stock Market News, Stock Advice & Trading Tips As it stands now, six U.S.-listed stocks are in the “trillion dollar club,” or stocks with a market cap of at least $1 trillion. In the coming year, or in the years ahead, which other mega-cap stocks (stocks with a market cap of $200 billion or more) will join them and become the next trillion-dollar companies? That’s a question on the minds of many investors. Technological breakthroughs in areas like artificial intelligence and electric vehicles point to several companies “joining the club.” So, too, do breakthroughs/long-term trends in other areas, like healthcare and financial services. There are also mega-cap companies that, while growing at only a moderate pace, are within reach of hitting the trillion-dollar mark within this decade. With this in mind, let’s take a look at seven companies that appear most likely to become trillion-dollar stocks and when exactly each of them can reach this milestone. Advanced Micro Devices (AMD) Source: Fabio Alcini / Shutterstock.com When it comes to the next chip stock to join Nvidia (NASDAQ:NVDA) in the trillion dollar club, Advanced Micro Devices (NASDAQ:AMD) is a name that to many may first come to mind. Yet, while the chip designer is currently making its own big moves in AI chips, reaching a $1 trillion market cap may be easier said than done. AMD stock currently has a market cap of around $236 billion. Hence, shares need to surge more than fourfold to join the trillion-dollar club. With AMD rising eightfold over the past five years, quadrupling in price should be a cinch, right? Not necessarily. Due to this year’s ‘AI mania,’ AMD’s AI catalyst appears to be priced in and then some. Unless the company’s AI endeavors result in earnings many times that of current estimates, even reaching trillion-dollar status by 2030 may be, at best, a stretch. Broadcom (AVGO) Source: Sasima / Shutterstock.com AMD may not be on the fast track to becoming one of the next trillion-dollar companies, but another semiconductor firm might be. It is Broadcom (NASDAQ:AVGO). Why? AVGO is already more than halfway there, with a market cap of $527.2 billion. Furthermore, as argued previously, AVGO stock may have a far greater runway than other top AI stocks. Valuation is a big reason for this. AVGO trades at a forward multiple in the low 20s. “Magnificent Seven” AI stocks trade for 30-40 times forward earnings. Also, Broadcom could eke out billions in cost/growth synergies from its recent VMware merger, enabling the company to beat current earnings growth expectations. To reach a $1 trillion market cap, all AVGO needs to do is rise in value by just under 90%. A mix of multiple expansion and earnings growth could get it there sooner than you think. Berkshire Hathaway (BRK-A, BRK-B) Berkshire Hathaway (NYSE:BRK-A, NYSE:BRK-B), legendary investor Warren Buffett’s investment vehicle, is even closer than AVGO to reaching the trillion-dollar threshold. The Omaha, Nebraska-based conglomerate currently has a market cap of $777.9 billion. This means all BRK.A/BRK.B stock needs to do is rise by 28.5% to achieve this valuation goal. Given the mostly “old economy” nature of Berkshire and its various businesses/holdings, not to mention its huge size, you may think that reaching a trillion is, at best, several years away for the company. However, as a Seeking Alpha commentator recently argued, the “road to $1 trillion” may not be as long as it seems. Per the commentator, even if growth among Berkshire’s businesses screeched to a halt, adding these stagnant cash flows to the company’s war chest would still justify a move to a $1 trillion valuation. Eli Lilly (LLY) Source: shutterstock.com/Michael Vi Admittedly, Eli Lilly (NYSE:LLY) may be the most questionable candidate to become one of the next trillion-dollar companies. Shares in the big pharma firm have surged to a valuation of $522.4 billion thanks to the massive potential of its drug candidate, Zepbound. While initially developed as a treatment for diabetes under the Mounjaro name, Eli Lilly has been working to get Zepbound approved as an obesity treatment. Given Novo Nordisk’s (NYSE:NVO) success with its Ozempic/Wegovy obesity treatment, it’s no surprise that Wall Street is very bullish on LLY stock. Yet while further positive news regarding Mounjaro/Zepbound may lead to further gains for LLY, with shares trading for 88.4 times earnings, one can argue that the future growth potential of this and other obesity treatments is already priced into the stock. Hence, you may want to tread carefully with this trillion-dollar contender. Meta Platforms (META) Source: Cat Box / Shutterstock.com With a market cap of $919.7 billion, it may be a matter of months, not years, before Meta Platforms (NASDAQ:META) becomes one of the next trillion-dollar stocks. In fact, as I argued recently, shares in the Facebook and Instagram parent could climb to a value well above $1 trillion during 2024. Put simply, a combination of earnings growth, further progress with the company’s AI efforts, plus greater appreciation of Meta’s AI bona fides could result in META stock (at around $360 per share today) rallying to $500 or $600 per share. In other words, it’s within the realm of possibility that Meta Platforms will become a $1.5 trillion (by market cap) company within a year. That’s a valuation that would put Meta’s valuation in the same ballpark as other trillion-dollar club members like Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN). Tesla (TSLA) Source: Arina P Habich / Shutterstock.com It may be strange to say that Tesla (NASDAQ:TSLA) is one of the next trillion-dollar companies. Mainly because the EV industry leader was, at one point, a trillion-dollar company. In October 2021, just before the 2021-2022 stock market downturn, TSLA attained a market cap exceeding $1 trillion. The stock experienced a massive drawdown from late 2021 through January 2023. Following this, a massive rebound throughout 2023. As a result, TSLA stock is back to a market cap of around $804.8 billion. All that’s necessary to send Tesla back to trillion-dollar status is a 24.25% move higher. Even as Tesla skeptics point to issues like the EV sales slowdown as signs that TSLA will slide lower in 2024, as I pointed out last week, a potential catalyst could supercharge shares later in the year: the debut of a low-priced, mass-market Tesla EV model. Visa (V) Source: Kikinunchi / Shutterstock.com Visa (NYSE:V) is another mega-cap that’s halfway towards the trillion-dollar market cap mark. Shares in payment technology companies have produced outsized long-term returns for investors since the stock’s debut in the late 2000s. Following an incredible run from a split-adjusted $15-$20 per share in early 2008 to around $260 per share today, some may expect V stock to produce more modest returns from here. However, the move from cash-based to card/digital-based transactions continues. This company also continues to benefit from having a deep economic moat. It is not far-fetched to think that Visa could continue reporting double-digit annual earnings growth in the years to come. In short, Visa is one of the “it’s a matter of when, not if” trillion-dollar contenders. With this, plus the stock’s reasonable valuation (26.3 times earnings) compared to growth forecasts, consider making it a long-term buy. On the date of publication, Thomas Niel did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 2024’s Power Players: 7 Stocks Racing to a Trillion Valuation appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Advanced Micro Devices (AMD) Source: Fabio Alcini / Shutterstock.com When it comes to the next chip stock to join Nvidia (NASDAQ:NVDA) in the trillion dollar club, Advanced Micro Devices (NASDAQ:AMD) is a name that to many may first come to mind. AMD stock currently has a market cap of around $236 billion. With AMD rising eightfold over the past five years, quadrupling in price should be a cinch, right?

Advanced Micro Devices (AMD) Source: Fabio Alcini / Shutterstock.com When it comes to the next chip stock to join Nvidia (NASDAQ:NVDA) in the trillion dollar club, Advanced Micro Devices (NASDAQ:AMD) is a name that to many may first come to mind. AMD stock currently has a market cap of around $236 billion. With AMD rising eightfold over the past five years, quadrupling in price should be a cinch, right?

Advanced Micro Devices (AMD) Source: Fabio Alcini / Shutterstock.com When it comes to the next chip stock to join Nvidia (NASDAQ:NVDA) in the trillion dollar club, Advanced Micro Devices (NASDAQ:AMD) is a name that to many may first come to mind. AMD stock currently has a market cap of around $236 billion. With AMD rising eightfold over the past five years, quadrupling in price should be a cinch, right?

Advanced Micro Devices (AMD) Source: Fabio Alcini / Shutterstock.com When it comes to the next chip stock to join Nvidia (NASDAQ:NVDA) in the trillion dollar club, Advanced Micro Devices (NASDAQ:AMD) is a name that to many may first come to mind. AMD stock currently has a market cap of around $236 billion. With AMD rising eightfold over the past five years, quadrupling in price should be a cinch, right?

170279.0

2024-01-01 00:00:00 UTC

Do AMD’s Huge Opportunities Outweigh Its Significant Threats?

AMD

https://www.nasdaq.com/articles/do-amds-huge-opportunities-outweigh-its-significant-threats

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Driven by large opportunities in artificial intelligence in particular and a general recovery of the chip market, AMD (NASDAQ:AMD) stock could very well outperform the S&P 500 and the Nasdaq in 2024. But on the other hand, the firm’s valuation appears to bake in continued, large market share gains by AMD at Intel’s (NASDAQ:INTC) expense, and that scenario may very well not materialize. Given these points, I rate AMD stock as a “hold” at this point, and I view INTC as a much better alternative. This article will walk the reader through my thesis and comparison of AMD stock and its peers. AMD Has Huge Opportunities On Dec. 22, Swiss bank UBS issued a bullish note on the chip market in general and AMD stock in particular. According to the bank, chip makers are heading into a “sweet spot… (as) inventory has peaked and started converting to revenue,” Moreover, the firm thinks that AMD is well-positioned to benefit from data centers’ expansion while the entire sector will get a lift from the incorporation of AI chips into smartphones and PCs. UBS named AMD and Micron (NASDAQ:MU) as its two top picks in the chip space. Meanwhile, on Dec. 6, AMD launched its “next-gen AMD Instinct MI300 data center GPU accelerator family,” another InvestorPlace columnist, Chris MacDonald, noted. CEO Lisa Su has asserted that these chips are “comparable to Nvidia’s H100 chips in training (large language models)” but are superior to NVDA’s H100 chips on inference by 40% “when working with Meta’s Llama 2, a 70 billion parameter LLM,” The Verge reported. Assuming that Su’s assertions are at least close to accurate, the Instinct MI300 chips can accelerate AMD’s top and bottom line growth by large amounts, given the huge demand for high-quality AI chips and Nvidia’s inability to meet that demand. The Risks of Buying AMD Stock Trading at a forward price/earnings ratio of 40 and an Enterprise Value/EBITDA ratio of 58, AMD stock is pricey. Tech enthusiast Jackson Luca asserts that “most bullish forecasts for AMD assume continued share grabs against Intel across PCs and the cloud data center. ” Given Luca’s statement and the high valuation for AMD stock, I believe the shares will probably bake in continued major share gains by AMD at Intel’s expense. But with Intel appearing to have greatly improved the quality of its offerings, those gains may not come to pass. Specifically, the firm has started incorporating ‘neural processing units’ into its computer processing unit chips, enabling its CPUs to handle “AI workloads without needing an external GPU,” Luca noted. And, although the benchmark score of Intel’s upcoming Gaudi 3 AI chips is meaningfully lower than that of AMD’s MI300, Gaudi 3 does beat AMD’s offering regarding transistor count. Also importantly, the Gaudi 3 offers double the memory capacity of the MI300, even though the chips are the same size. Moreover, as I reported in a previous column, Intel cannot make the Gaudi 2 (Gaudi 3’s predecessor) quickly enough to meet demand. Of course, that indicates that firms are enthusiastic about Gaudi 2 and will like Gaudi 3 even more. Also noteworthy is that Luca’s “base case” scenario involves AMD losing “marginal..(market) share” to Intel, causing AMD stock to stay “rangebound” for some time going forward. I believe that’s a very realistic prediction. Intel Is a Better Choice I view Intel as a better choice than AMD for investors. With a forward price-earnings ratio of 28, Intel has a huge opportunity in AI and, over the longer term, looks poised to generate a great deal of revenue by manufacturing chips for other companies. On the date of publication, Larry Ramer held a long position in INTC. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. You can reach him on Stocktwits at @larryramer. More From InvestorPlace Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Do AMD’s Huge Opportunities Outweigh Its Significant Threats? appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

But on the other hand, the firm’s valuation appears to bake in continued, large market share gains by AMD at Intel’s (NASDAQ:INTC) expense, and that scenario may very well not materialize. Tech enthusiast Jackson Luca asserts that “most bullish forecasts for AMD assume continued share grabs against Intel across PCs and the cloud data center. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Do AMD’s Huge Opportunities Outweigh Its Significant Threats?

But on the other hand, the firm’s valuation appears to bake in continued, large market share gains by AMD at Intel’s (NASDAQ:INTC) expense, and that scenario may very well not materialize. AMD Has Huge Opportunities On Dec. 22, Swiss bank UBS issued a bullish note on the chip market in general and AMD stock in particular. Tech enthusiast Jackson Luca asserts that “most bullish forecasts for AMD assume continued share grabs against Intel across PCs and the cloud data center.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Driven by large opportunities in artificial intelligence in particular and a general recovery of the chip market, AMD (NASDAQ:AMD) stock could very well outperform the S&P 500 and the Nasdaq in 2024. ” Given Luca’s statement and the high valuation for AMD stock, I believe the shares will probably bake in continued major share gains by AMD at Intel’s expense. And, although the benchmark score of Intel’s upcoming Gaudi 3 AI chips is meaningfully lower than that of AMD’s MI300, Gaudi 3 does beat AMD’s offering regarding transistor count.

Tech enthusiast Jackson Luca asserts that “most bullish forecasts for AMD assume continued share grabs against Intel across PCs and the cloud data center. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Driven by large opportunities in artificial intelligence in particular and a general recovery of the chip market, AMD (NASDAQ:AMD) stock could very well outperform the S&P 500 and the Nasdaq in 2024. But on the other hand, the firm’s valuation appears to bake in continued, large market share gains by AMD at Intel’s (NASDAQ:INTC) expense, and that scenario may very well not materialize.

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2024-01-01 00:00:00 UTC

2 Reasons to Buy AMD, and 1 Reason to Sell

AMD

https://www.nasdaq.com/articles/2-reasons-to-buy-amd-and-1-reason-to-sell-1

Chipmakers were among Wall Street's favorites in 2023 as their hardware is crucial to countless industries. And as interest in artificial intelligence (AI) soared, so did demand for graphics processing units (GPUs) -- the powerful chips necessary for training and running AI models. That propelled skyrocketing valuations for chip stocks like Advanced Micro Devices (NASDAQ: AMD), which climbed by 128% over the last 12 months. AMD has ramped up its expansion into AI as it prepares to challenge Nvidia's overwhelming dominance in that market in 2024. Meanwhile, its diverse business gives it solid positions in several other high-growth niches. As a result, there are plenty of reasons to be bullish about AMD's future. However, before you jump into its stock, it would be wise to consider both the positives and potential negatives. So here are two reasons to buy AMD and one reason to sell. One reason to buy: AMD has massive earnings potential in AI AMD's biggest competitor, Nvidia, has seen its business explode in 2023 as it has cornered the market in AI GPUs. The company has an estimated 90% market share in AI chips, and its earnings have skyrocketed. In its fiscal 2024 third quarter, which ended Oct. 29, Nvidia posted revenue growth of 206% year over year while operating income rose 1,600% thanks to surging chip sales. Nvidia's success is promising for its rival, considering that AMD will begin shipping its most powerful GPU ever in 2024. The new chip is designed specifically to compete with Nvidia's offerings. Meanwhile, Microsoft -- a crucial client for AMD -- has already signed on to use the GPU to optimize the AI features in its Azure cloud service. Nvidia's near-total command of the AI chip market will likely be challenging to overcome. However, AMD doesn't need to dethrone the leader to enjoy big gains here. According to a projection from Grand View Research, the AI market will expand at a compound annual rate of 37% through 2030 to a value of more than $1 trillion. With that type of rapid growth, there will be plenty of room for AMD to claim a lucrative slice of the AI pie. Another reason to buy: A diverse business model The tech industry is advancing quickly, with companies increasingly seeking high-powered chips to take their products to the next level. As a result, AMD has formed partnerships with companies across the market, supplying its hardware to cloud platforms, video game consoles, laptops, custom-built PCs, and more. In fact, AMD is the exclusive chip supplier for Sony's PlayStation 5 and Microsoft's Xbox Series X|S, some of the best-selling game consoles of the last few years. The success of these consoles has boosted AMD's gaming revenue by 30% over the last three years as its operating income has climbed 72%. A position in AMD's stock allows investors to profit from the growth of multiple industries. Its shares have risen nearly 730% since 2019, significantly outperforming the Nasdaq Composite and S&P 500. And the company is only just getting started, with AI likely to propel the stock further along its current trajectory. One reason to look elsewhere AMD has a solid long-term outlook. Its chips power an array of devices and systems, and it could see consistent and significant financial growth for decades. However, its stock price soared in 2023 even as it made heavy investments in AI that have yet to start positively impacting its earnings. As a result, its shares are quite expensive by some valuation metrics right now. Data by YCharts. These charts compare the price-to-earnings ratios (P/E) and price-to-free cash flows of some of the biggest names in AI and tech. AMD has by far the highest figures for both valuation metrics, meaning its stock offers the least value. The company looks likely to make serious headway in the AI segment with its soon-to-be-launched AI GPU. However, it's hard to justify its high price point. It might be worth investing in an alternative AI stock for now, and keeping AMD on your radar to reconsider when its valuation comes down to a more attractive level. Should you invest $1,000 in Advanced Micro Devices right now? Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Advanced Micro Devices wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Dani Cook has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Microsoft, and Nvidia. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

As a result, AMD has formed partnerships with companies across the market, supplying its hardware to cloud platforms, video game consoles, laptops, custom-built PCs, and more. In fact, AMD is the exclusive chip supplier for Sony's PlayStation 5 and Microsoft's Xbox Series X|S, some of the best-selling game consoles of the last few years. That propelled skyrocketing valuations for chip stocks like Advanced Micro Devices (NASDAQ: AMD), which climbed by 128% over the last 12 months.

That propelled skyrocketing valuations for chip stocks like Advanced Micro Devices (NASDAQ: AMD), which climbed by 128% over the last 12 months. AMD has ramped up its expansion into AI as it prepares to challenge Nvidia's overwhelming dominance in that market in 2024. As a result, there are plenty of reasons to be bullish about AMD's future.

That propelled skyrocketing valuations for chip stocks like Advanced Micro Devices (NASDAQ: AMD), which climbed by 128% over the last 12 months. One reason to buy: AMD has massive earnings potential in AI AMD's biggest competitor, Nvidia, has seen its business explode in 2023 as it has cornered the market in AI GPUs. AMD has ramped up its expansion into AI as it prepares to challenge Nvidia's overwhelming dominance in that market in 2024.

That propelled skyrocketing valuations for chip stocks like Advanced Micro Devices (NASDAQ: AMD), which climbed by 128% over the last 12 months. One reason to buy: AMD has massive earnings potential in AI AMD's biggest competitor, Nvidia, has seen its business explode in 2023 as it has cornered the market in AI GPUs. AMD has ramped up its expansion into AI as it prepares to challenge Nvidia's overwhelming dominance in that market in 2024.

170264.0

2024-01-02 00:00:00 UTC

2 Top Artificial Intelligence (AI) Stocks That Could Go Parabolic in 2024

AMD

https://www.nasdaq.com/articles/2-top-artificial-intelligence-ai-stocks-that-could-go-parabolic-in-2024

Following the launch of OpenAI's ChatGPT, generative artificial intelligence (AI) has taken the market by storm, helping send the S&P 500 Index up 25% year to date. Industry leaders such as Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) have been key in helping power the rally because of their fast-growing chip businesses. Let's discuss why 2024 could be even more exciting for these two AI-related stocks. 1. Nvidia With shares up a jaw-dropping 246% in 2023, Nvidia is arguably the biggest winner in 2023's AI gold rush. And unlike some other AI companies, its operating performance has surged to match the hype. It isn't too late for investors to bet on Nvidia's continued success because of its reasonable valuation and spectacular margins. Nvidia's business is shifting from lower-value gaming hardware to high-performance AI chips. And that shift is transforming its operations. Third-quarter revenue increased by 206% year over year to a record of $18.12 billion, while net income surged by 1,259% to $9.2 billion. This is partially because of a dramatic rise in margin as the company sells more expensive data center chips like the H100, which can cost as much as $30,000 per unit. Nvidia is also tackling other growth opportunities like China, where U.S. trade restrictions limit the import of some of its most advanced hardware. To comply with the rules, the company has launched slower versions of its Nvidia RTX4090 gaming chip, specifically for Chinese consumers. This move follows a November announcement of plans to develop AI chips customized for the Chinese market. With a forward price-to-earnings (P/E) growth rate of just 25, Nvidia stock is relatively cheap compared with its projected growth over the next 12 months. To put that number in context, the S&P 500 trades for an average of 26. 2. Advanced Micro Devices With Nvidia making boatloads of money from its data center chip business, its biggest rival, AMD, is vying for a piece of the opportunity through advanced AI hardware of its own. And while the chipmaker has yet to report significant gains from these efforts, investors can look forward to seeing the business scale up rapidly in 2024 and beyond. According to AMD's CEO Lisa Su, the market for AI-capable chips will surge tenfold to $400 billion by 2027. To take advantage of the opportunity, the company released the MI300 family of AI chips, which can outperform Nvidia's flagship H100 on key metrics like memory space and inference (running AI platforms). Image source: Getty Images. So far, AMD's new products have had no significant impact on the company's performance. Third-quarter revenue increased only 4% to $5.8 billion. However, analysts are optimistic that its new chips will see large-scale deployment in 2024, leading to significant revenue growth. AMD's valuation is nowhere near as good as Nvidia's, considering its significantly lower growth rate in the near term. In fact, with a forward price-to-earnings (P/E) multiple of 39, its shares are more expensive than its larger rival. However, the situation could change as AMD's AI efforts start supercharging its operating performance. There's room for two (or more) While Nvidia and AMD are about to enter direct competition in the market for the most advanced AI hardware, that doesn't mean one company has to lose for the other to win. As mentioned, AMD's management believes the market for AI chips will surge more than tenfold to $400 billion. That figure is more than 20 times Nvidia's trailing 12-month revenue, leaving plenty of room for both companies to sell these products as fast as they can produce them, even if the market reaches only a fraction of those lofty estimates. Both stocks can continue their bull runs in 2024 and beyond. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Will Ebiefung has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

There's room for two (or more) While Nvidia and AMD are about to enter direct competition in the market for the most advanced AI hardware, that doesn't mean one company has to lose for the other to win. Industry leaders such as Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) have been key in helping power the rally because of their fast-growing chip businesses. Advanced Micro Devices With Nvidia making boatloads of money from its data center chip business, its biggest rival, AMD, is vying for a piece of the opportunity through advanced AI hardware of its own.

Industry leaders such as Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) have been key in helping power the rally because of their fast-growing chip businesses. Advanced Micro Devices With Nvidia making boatloads of money from its data center chip business, its biggest rival, AMD, is vying for a piece of the opportunity through advanced AI hardware of its own. According to AMD's CEO Lisa Su, the market for AI-capable chips will surge tenfold to $400 billion by 2027.

Advanced Micro Devices With Nvidia making boatloads of money from its data center chip business, its biggest rival, AMD, is vying for a piece of the opportunity through advanced AI hardware of its own. Industry leaders such as Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) have been key in helping power the rally because of their fast-growing chip businesses. According to AMD's CEO Lisa Su, the market for AI-capable chips will surge tenfold to $400 billion by 2027.

Advanced Micro Devices With Nvidia making boatloads of money from its data center chip business, its biggest rival, AMD, is vying for a piece of the opportunity through advanced AI hardware of its own. Industry leaders such as Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) have been key in helping power the rally because of their fast-growing chip businesses. According to AMD's CEO Lisa Su, the market for AI-capable chips will surge tenfold to $400 billion by 2027.

170265.0

2024-01-02 00:00:00 UTC

3 Artificial Intelligence (AI) Stocks to Buy Hand Over Fist in January

AMD

https://www.nasdaq.com/articles/3-artificial-intelligence-ai-stocks-to-buy-hand-over-fist-in-january

The artificial intelligence (AI) market exploded in 2023 and shows no signs of slowing. The debut of ChatGPT reignited interest in the sector and forced many to rethink what they thought was currently possible with the technology. As a result, countless companies pivoted their businesses to developing the industry. Data from Grand View Research shows the AI market is projected to expand at a compound annual growth rate of 37% through 2030. That would see it hit annual sales exceeding $1 trillion before the decade's end. That makes now a great time to invest in this rapidly expanding industry and potentially profit from its promising outlook. Here are three AI stocks you might want to consider buying hand over fist in January. 1. Advanced Micro Devices Advanced Micro Devices (NASDAQ: AMD) has an exciting year ahead, with plans to strengthen its role in AI by launching a new chip. The company will begin shipping its MI300X graphics processing unit (GPU) in 2024, designed specifically to challenge Nvidia's dominance. Nvidia soared to the top of the market in 2023, getting a headstart as it snapped up an estimated 90% market share in AI chips. Its success in the industry highlighted how far chipmakers like AMD are behind when it comes to AI. However, AMD spent the last 12 months refining its AI technology and it's hoping to make a big splash in the sector this year. As the cost of AI chips rises, the industry is desperate for increased competition and alternatives to Nvidia. Consequently, AMD's MI300X has support from firms across tech, with Microsoft's Azure announcing in December that it will become the first cloud platform to use the new GPU to optimize its AI offerings. Data by YCharts The chart above shows AMD's earnings could hit $5 per share by fiscal 2025. When that figure is multiplied by the company's forward price-to-earnings ratio of 55, it gives a stock price of $275, suggesting growth of 87% over the next two fiscal years. AMD is on a promising growth trajectory and could be one of the smartest investments this month. 2. Intel Like AMD, Intel (NASDAQ: INTC) is hard at work designing a new AI chip to take on Nvidia in 2024. In December the company unveiled several new additions to its product lineup, including the Gaudi3, which is launching this year and is capable of powering demanding AI models. Intel has transformed itself over the last few years. A long history of dominance in central processing units (CPUs) saw it grow complacent, leaving it vulnerable to competition. Its CPU market share fell from 82% to 61% between 2017 and 2023 as AMD strengthened its position in the industry. Then in 2020, Apple ended its partnership with Intel in favor of in-house hardware, taking a significant bite out of the chipmaker's earnings. However, instead of throwing in the towel, the hurdles seemed to light a fire under Intel again. The company unveiled its first consumer GPUs in October 2022, venturing into a new market that would see it go head-to-head with Nvidia and AMD. The move was a smart one in the run-up to the boom in AI, as GPU technology is crucial to its success in the industry over the long term. Data by YCharts Intel's massive growth potential is evident in its EPS estimates. This chart shows its earnings are projected to reach nearly $3 per share over the next two fiscal years. In a similar calculation to AMD, multiplying the figure by Intel's forward P/E of 53 yields a stock price of $140. If the estimates hold, the company's shares would deliver growth of 180% by fiscal 2025. As a result, Intel is absolutely an AI stock worth buying hand over fist this January. 3. Alphabet Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) enjoyed a glowing 2023. Its digital ad business made an impressive turnaround from the previous year, with revenue rising 11% year over year in its latest quarter (the third quarter of 2023) as it beat analysts' expectations by $980 million. Meanwhile, the tech giant has exciting prospects in AI. Alphabet's highly anticipated large language model Gemini debuted in early December, and is capable of crunching various forms of data with more sophisticated reasoning than any of the company's previous technology. Gemini and Alphabet's potent platforms, like Google Search and Android, could prove a powerful combination, presenting countless ways for the company to expand in AI. Alongside free cash flow that rose 29% over the last year to $77 billion, Alphabet has the financial resources and brand loyalty to go far in the industry. Data by YCharts Alphabet's biggest competitors in AI are cloud giants Amazon and Microsoft. However, Gemini and Alphabet's massive user base suggests the company has equal, if not more, earnings potential in AI. Meanwhile, this chart shows Alphabet's P/E and price-to-free cash flow are significantly lower than those of its rivals, making its stock a bargain compared to Amazon and Microsoft. Alphabet likely has a bright future in AI and is a no-brainer investment this month. Should you invest $1,000 in Advanced Micro Devices right now? Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Advanced Micro Devices wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Dani Cook has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Apple, Microsoft, and Nvidia. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Advanced Micro Devices Advanced Micro Devices (NASDAQ: AMD) has an exciting year ahead, with plans to strengthen its role in AI by launching a new chip. Its success in the industry highlighted how far chipmakers like AMD are behind when it comes to AI. However, AMD spent the last 12 months refining its AI technology and it's hoping to make a big splash in the sector this year.

Advanced Micro Devices Advanced Micro Devices (NASDAQ: AMD) has an exciting year ahead, with plans to strengthen its role in AI by launching a new chip. Its success in the industry highlighted how far chipmakers like AMD are behind when it comes to AI. However, AMD spent the last 12 months refining its AI technology and it's hoping to make a big splash in the sector this year.

Advanced Micro Devices Advanced Micro Devices (NASDAQ: AMD) has an exciting year ahead, with plans to strengthen its role in AI by launching a new chip. Its success in the industry highlighted how far chipmakers like AMD are behind when it comes to AI. However, AMD spent the last 12 months refining its AI technology and it's hoping to make a big splash in the sector this year.

Intel Like AMD, Intel (NASDAQ: INTC) is hard at work designing a new AI chip to take on Nvidia in 2024. Advanced Micro Devices Advanced Micro Devices (NASDAQ: AMD) has an exciting year ahead, with plans to strengthen its role in AI by launching a new chip. Its success in the industry highlighted how far chipmakers like AMD are behind when it comes to AI.

170266.0

2024-01-02 00:00:00 UTC

SOXQ and PNQI Among Invesco’s Top-Performing ETFs in 2023

AMD

https://www.nasdaq.com/articles/soxq-and-pnqi-among-invescos-top-performing-etfs-in-2023

Invesco’s top-performing ETFs in 2023 represented some of the growthiest segments of the market, as stocks broadly showed strength last year. The Invesco PHLXSemiconductor ETF (SOXQ) and the Invesco NASDAQ Internet ETF (PNQI) were among Invesco’s top-performing ETFs in 2023, trailing only the Invesco Alerian Galaxy Crypto Economy ETF (SATO). SOXQ notably gained 66.7% in 2023, while PNQI climbed 60.7% during the year. Both funds target high-growth segments of the market, a strategy that rewarded investors in 2023. Invesco PHLX Semiconductor ETF (SOXQ) SOXQ is based on the PHLX Semiconductor Sector Index. It measures the performance of the 30 largest U.S.-listed securities of companies engaged in the semiconductor business. Semiconductors include products such as memory chips, microprocessors, integrated circuits, and related equipment that serve a wide variety of purposes in various types of electronics, including personal household products, automobiles, and computers, among others. Top holdings in the fund include Advanced Micro Devices (AMD), Broadcom (AVGO), Intel Corporation (INTC), and QUALCOMM (QCOM). SOXQ charges 19 basis points and has $184 million in assets under management. Invesco NASDAQ Internet ETF (PNQI) PNQI invests in internet-related businesses across the cap spectrum included in the NASDAQ CTA Internet index. PNQI includes companies whose primary businesses include internet-related services including, but not limited to, internet software, internet search engines, web hosting, website design, or internet retail commerce as determined by the Consumer Technology Association (CTA). Top holdings in PNQI include Meta Platforms (META), Microsoft Corporation (MSFT), Alphabet Inc (GOOG), and Amazon.com Inc (AMZN). PNQI is the pricier of the two ETFs, charging 60 basis points. The fund is also the larger of the two ETFs, with $700 million in assets under management. For more news, information, and analysis, visit the Innovative ETFs Channel. vettafi.com is owned by VettaFi LLC (“VettaFi”). VettaFi is the index provider for SATO, for which it receives an index licensing fee. However, SATO is not issued, sponsored, endorsed, or sold by VettaFi, and VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of SATO. Read more on ETFTrends.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Top holdings in the fund include Advanced Micro Devices (AMD), Broadcom (AVGO), Intel Corporation (INTC), and QUALCOMM (QCOM). Invesco’s top-performing ETFs in 2023 represented some of the growthiest segments of the market, as stocks broadly showed strength last year. Semiconductors include products such as memory chips, microprocessors, integrated circuits, and related equipment that serve a wide variety of purposes in various types of electronics, including personal household products, automobiles, and computers, among others.

Top holdings in the fund include Advanced Micro Devices (AMD), Broadcom (AVGO), Intel Corporation (INTC), and QUALCOMM (QCOM). The Invesco PHLXSemiconductor ETF (SOXQ) and the Invesco NASDAQ Internet ETF (PNQI) were among Invesco’s top-performing ETFs in 2023, trailing only the Invesco Alerian Galaxy Crypto Economy ETF (SATO). Invesco PHLX Semiconductor ETF (SOXQ) SOXQ is based on the PHLX Semiconductor Sector Index.

Top holdings in the fund include Advanced Micro Devices (AMD), Broadcom (AVGO), Intel Corporation (INTC), and QUALCOMM (QCOM). The Invesco PHLXSemiconductor ETF (SOXQ) and the Invesco NASDAQ Internet ETF (PNQI) were among Invesco’s top-performing ETFs in 2023, trailing only the Invesco Alerian Galaxy Crypto Economy ETF (SATO). Invesco NASDAQ Internet ETF (PNQI) PNQI invests in internet-related businesses across the cap spectrum included in the NASDAQ CTA Internet index.

Top holdings in the fund include Advanced Micro Devices (AMD), Broadcom (AVGO), Intel Corporation (INTC), and QUALCOMM (QCOM). Invesco’s top-performing ETFs in 2023 represented some of the growthiest segments of the market, as stocks broadly showed strength last year. Invesco PHLX Semiconductor ETF (SOXQ) SOXQ is based on the PHLX Semiconductor Sector Index.

170267.0

2024-01-02 00:00:00 UTC

Tuesday Sector Laggards: Technology & Communications, Industrial

AMD

https://www.nasdaq.com/articles/tuesday-sector-laggards%3A-technology-communications-industrial-0

In afternoon trading on Tuesday, Technology & Communications stocks are the worst performing sector, showing a 1.8% loss. Within that group, Advanced Micro Devices Inc (Symbol: AMD) and Uber Technologies Inc (Symbol: UBER) are two large stocks that are lagging, showing a loss of 6.2% and 5.5%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 2.8% on the day, and roughly flat year-to-date. Advanced Micro Devices Inc, meanwhile, is roughly flat on a year-to-date basis, and Uber Technologies Inc, is roughly flat on a year-to-date basis. AMD makes up approximately 2.5% of the underlying holdings of XLK. The next worst performing sector is the Industrial sector, showing a 1.0% loss. Among large Industrial stocks, Norwegian Cruise Line Holdings Ltd (Symbol: NCLH) and Lam Research Corp (Symbol: LRCX) are the most notable, showing a loss of 7.2% and 3.8%, respectively. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF (XLI), which is down 0.9% in midday trading, and roughly flat year-to-date. Norwegian Cruise Line Holdings Ltd, meanwhile, is roughly flat on a year-to-date basis, and Lam Research Corp, is roughly flat on a year-to-date basis. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. As you can see, six sectors are up on the day, while three sectors are down. SECTOR % CHANGE Utilities +1.5% Healthcare +1.3% Energy +1.2% Consumer Products +0.9% Financial +0.8% Materials +0.2% Services -0.1% Industrial -1.0% Technology & Communications -1.8% 10 ETFs With Stocks That Insiders Are Buying » Also see: • Railroads Dividend Stocks • HSP Videos • Funds Holding MAT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Within that group, Advanced Micro Devices Inc (Symbol: AMD) and Uber Technologies Inc (Symbol: UBER) are two large stocks that are lagging, showing a loss of 6.2% and 5.5%, respectively. AMD makes up approximately 2.5% of the underlying holdings of XLK. In afternoon trading on Tuesday, Technology & Communications stocks are the worst performing sector, showing a 1.8% loss.

Within that group, Advanced Micro Devices Inc (Symbol: AMD) and Uber Technologies Inc (Symbol: UBER) are two large stocks that are lagging, showing a loss of 6.2% and 5.5%, respectively. AMD makes up approximately 2.5% of the underlying holdings of XLK. In afternoon trading on Tuesday, Technology & Communications stocks are the worst performing sector, showing a 1.8% loss.

Within that group, Advanced Micro Devices Inc (Symbol: AMD) and Uber Technologies Inc (Symbol: UBER) are two large stocks that are lagging, showing a loss of 6.2% and 5.5%, respectively. AMD makes up approximately 2.5% of the underlying holdings of XLK. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 2.8% on the day, and roughly flat year-to-date.

Within that group, Advanced Micro Devices Inc (Symbol: AMD) and Uber Technologies Inc (Symbol: UBER) are two large stocks that are lagging, showing a loss of 6.2% and 5.5%, respectively. AMD makes up approximately 2.5% of the underlying holdings of XLK. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is down 2.8% on the day, and roughly flat year-to-date.

170268.0

2024-01-02 00:00:00 UTC

3 Catalysts That Could Take AMD Stock to New Highs in 2024

AMD

https://www.nasdaq.com/articles/3-catalysts-that-could-take-amd-stock-to-new-highs-in-2024

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Advanced Micro Devices’ (NASDAQ:AMD) journey in the microprocessor space was volatile in 2023. Fortunately for investors, AMD stock mostly moved up and to the right, finishing the year with an impressive gain of more than 125%. The company’s Ryzen 8040 Series laptop processors promise a 60% performance boost for AI applications, leading AMD back into the spotlight. AMD’s Instinct MI300 Series accelerators also position the company well to compete in the AI chip field long term. Additionally, AMD’s MI300 chips position the company as a formidable competitor to Nvidia (NASDAQ:NVDA) in the data center and AI segments. CEO Lisa Su anticipates a $2 billion contribution from these markets in 2024, though some analysts view this projection as conservative. Amid strong competition in 2024, AMD’s innovative AI chip presence is certainly worth considering for investors looking at relative value in this sector. Here are a few catalysts investors may want to watch right now regarding AMD stock. New Graphics Card Lineup In addition to the company’s product lineup, AMD is set to release its Radeon RX 7600 XT. This chip is intended to bridge the performance and pricing gap between the RX 7600 and RX 7700XT. Launching sometime during the week of January 22nd as a rival Nvidia’s RTX 4060 and RTX 4060 Ti chips should gain traction given this chip’s improved VRAM. AMD will exclusively rely on custom models from partners like Sapphire, XFX, ASUS and Gigabyte for the Radeon RX 7600 XT, bypassing an MBA (Made By AMD) GPU release. While exact specifications remain undisclosed, speculation suggests the GPU might boast 10GB or 12GB of GDDR6 memory, potentially outpacing Nvidia’s RTX 40 series GPUs in VRAM. Assuming no plans for a Radeon RX 7700 non-XT, speculation is that the RX 7600 XT, likely featuring around 40 Compute Units, will serve as an RDNA 3 replacement for the RX 6700 XT. Utilizing Navi 32 silicon with 10GB or 12GB of VRAM, AMD maximizes its Navi 33 silicon, leaving no untapped resources for the Radeon RX 7600. The expectation is that any higher-end GPU below the RX 7700 XT will utilize Navi 32 silicon with disabled CUs, eliminating the need for new RDNA 3 GPU silicon. Confidence Boost from Microsoft and Meta At an AMD investor event, Meta (NASDAQ:META), OpenAI and Microsoft (NASDAQ:MSFT) announced adoption of AMD’s latest AI chip, the Instinct MI300X. This signals a shift toward alternatives to Nvidia graphics processors in AI, potentially impacting Nvidia’s market dominance. AMD CEO Lisa Su highlighted the industry’s focus on powerful GPUs for the cloud, discussing the MI300X’s new architecture and key feature—192GB of high-performance HBM3 memory. The comparison with Nvidia’s H100 emphasizes improved user experiences. Still, the challenge for AMD lies in convincing companies accustomed to Nvidia to invest time and resources in adopting an additional GPU supplier. Su acknowledged the effort required for this transition. AMD upgraded ROCm to rival Nvidia’s CUDA, addressing a key preference among AI developers. Pricing for the MI300X wasn’t disclosed, but Lisa Su emphasized the necessity for cost-effectiveness compared to Nvidia’s chips, which can reach around $40,000. Buy AMD Now AMD has swiftly secured major clients for its MI300X chip. Strategic pricing, estimated by Ark Invest at $18,000 to $19,000 to maximize market share, could entice customers away from Nvidia’s pricier alternatives. AMD’s MI300X boasts substantial performance gains over NVDA’s H100, promising cost efficiency for adopters. Despite Nvidia’s H200 chip being faster, AMD’s integrated software makes this company a formidable competitor in the AI chip race. Additionally, given the company’s relative value compared to Nvidia, I could certainly see much better performance with AMD stock in 2024, all things being equal. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Catalysts That Could Take AMD Stock to New Highs in 2024 appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

AMD CEO Lisa Su highlighted the industry’s focus on powerful GPUs for the cloud, discussing the MI300X’s new architecture and key feature—192GB of high-performance HBM3 memory. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Advanced Micro Devices’ (NASDAQ:AMD) journey in the microprocessor space was volatile in 2023. Fortunately for investors, AMD stock mostly moved up and to the right, finishing the year with an impressive gain of more than 125%.

Additionally, AMD’s MI300 chips position the company as a formidable competitor to Nvidia (NASDAQ:NVDA) in the data center and AI segments. New Graphics Card Lineup In addition to the company’s product lineup, AMD is set to release its Radeon RX 7600 XT. Confidence Boost from Microsoft and Meta At an AMD investor event, Meta (NASDAQ:META), OpenAI and Microsoft (NASDAQ:MSFT) announced adoption of AMD’s latest AI chip, the Instinct MI300X.

Additionally, AMD’s MI300 chips position the company as a formidable competitor to Nvidia (NASDAQ:NVDA) in the data center and AI segments. Confidence Boost from Microsoft and Meta At an AMD investor event, Meta (NASDAQ:META), OpenAI and Microsoft (NASDAQ:MSFT) announced adoption of AMD’s latest AI chip, the Instinct MI300X. Despite Nvidia’s H200 chip being faster, AMD’s integrated software makes this company a formidable competitor in the AI chip race.

Additionally, AMD’s MI300 chips position the company as a formidable competitor to Nvidia (NASDAQ:NVDA) in the data center and AI segments. Additionally, given the company’s relative value compared to Nvidia, I could certainly see much better performance with AMD stock in 2024, all things being equal. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Advanced Micro Devices’ (NASDAQ:AMD) journey in the microprocessor space was volatile in 2023.

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2024-01-02 00:00:00 UTC

Nasdaq 100 Movers: AMD, MRNA

AMD

https://www.nasdaq.com/articles/nasdaq-100-movers%3A-amd-mrna

In early trading on Tuesday, shares of Moderna topped the list of the day's best performing components of the Nasdaq 100 index, trading up 16.1%. Year to date, Moderna registers a 16.1% gain. And the worst performing Nasdaq 100 component thus far on the day is Advanced Micro Devices, trading down 5.3%. Advanced Micro Devices is lower by about 5.3% looking at the year to date performance. Two other components making moves today are MongoDB, trading down 4.8%, and Warner Bros Discovery, trading up 4.8% on the day. VIDEO: Nasdaq 100 Movers: AMD, MRNA The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

VIDEO: Nasdaq 100 Movers: AMD, MRNA The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. And the worst performing Nasdaq 100 component thus far on the day is Advanced Micro Devices, trading down 5.3%. Advanced Micro Devices is lower by about 5.3% looking at the year to date performance.

VIDEO: Nasdaq 100 Movers: AMD, MRNA The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In early trading on Tuesday, shares of Moderna topped the list of the day's best performing components of the Nasdaq 100 index, trading up 16.1%. And the worst performing Nasdaq 100 component thus far on the day is Advanced Micro Devices, trading down 5.3%.

VIDEO: Nasdaq 100 Movers: AMD, MRNA The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In early trading on Tuesday, shares of Moderna topped the list of the day's best performing components of the Nasdaq 100 index, trading up 16.1%. And the worst performing Nasdaq 100 component thus far on the day is Advanced Micro Devices, trading down 5.3%.

VIDEO: Nasdaq 100 Movers: AMD, MRNA The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. And the worst performing Nasdaq 100 component thus far on the day is Advanced Micro Devices, trading down 5.3%. Advanced Micro Devices is lower by about 5.3% looking at the year to date performance.

170270.0

2024-01-02 00:00:00 UTC

Notable Tuesday Option Activity: AMD, AEO, AYX

AMD

https://www.nasdaq.com/articles/notable-tuesday-option-activity%3A-amd-aeo-ayx

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Advanced Micro Devices Inc (Symbol: AMD), where a total of 535,589 contracts have traded so far, representing approximately 53.6 million underlying shares. That amounts to about 83.7% of AMD's average daily trading volume over the past month of 64.0 million shares. Particularly high volume was seen for the $140 strike call option expiring January 05, 2024, with 24,414 contracts trading so far today, representing approximately 2.4 million underlying shares of AMD. Below is a chart showing AMD's trailing twelve month trading history, with the $140 strike highlighted in orange: American Eagle Outfitters, Inc. (Symbol: AEO) saw options trading volume of 33,555 contracts, representing approximately 3.4 million underlying shares or approximately 79.6% of AEO's average daily trading volume over the past month, of 4.2 million shares. Particularly high volume was seen for the $19 strike call option expiring January 19, 2024, with 18,036 contracts trading so far today, representing approximately 1.8 million underlying shares of AEO. Below is a chart showing AEO's trailing twelve month trading history, with the $19 strike highlighted in orange: And Alteryx Inc (Symbol: AYX) saw options trading volume of 22,574 contracts, representing approximately 2.3 million underlying shares or approximately 71.4% of AYX's average daily trading volume over the past month, of 3.2 million shares. Especially high volume was seen for the $30 strike put option expiring April 19, 2024, with 10,005 contracts trading so far today, representing approximately 1.0 million underlying shares of AYX. Below is a chart showing AYX's trailing twelve month trading history, with the $30 strike highlighted in orange: For the various different available expirations for AMD options, AEO options, or AYX options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » Also see: • ETF Finder • Top Ten Hedge Funds Holding STMP • PXD Options Chain The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Particularly high volume was seen for the $140 strike call option expiring January 05, 2024, with 24,414 contracts trading so far today, representing approximately 2.4 million underlying shares of AMD. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Advanced Micro Devices Inc (Symbol: AMD), where a total of 535,589 contracts have traded so far, representing approximately 53.6 million underlying shares. That amounts to about 83.7% of AMD's average daily trading volume over the past month of 64.0 million shares.

Particularly high volume was seen for the $140 strike call option expiring January 05, 2024, with 24,414 contracts trading so far today, representing approximately 2.4 million underlying shares of AMD. Below is a chart showing AMD's trailing twelve month trading history, with the $140 strike highlighted in orange: American Eagle Outfitters, Inc. (Symbol: AEO) saw options trading volume of 33,555 contracts, representing approximately 3.4 million underlying shares or approximately 79.6% of AEO's average daily trading volume over the past month, of 4.2 million shares. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Advanced Micro Devices Inc (Symbol: AMD), where a total of 535,589 contracts have traded so far, representing approximately 53.6 million underlying shares.

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Advanced Micro Devices Inc (Symbol: AMD), where a total of 535,589 contracts have traded so far, representing approximately 53.6 million underlying shares. Below is a chart showing AMD's trailing twelve month trading history, with the $140 strike highlighted in orange: American Eagle Outfitters, Inc. (Symbol: AEO) saw options trading volume of 33,555 contracts, representing approximately 3.4 million underlying shares or approximately 79.6% of AEO's average daily trading volume over the past month, of 4.2 million shares. That amounts to about 83.7% of AMD's average daily trading volume over the past month of 64.0 million shares.

Below is a chart showing AMD's trailing twelve month trading history, with the $140 strike highlighted in orange: American Eagle Outfitters, Inc. (Symbol: AEO) saw options trading volume of 33,555 contracts, representing approximately 3.4 million underlying shares or approximately 79.6% of AEO's average daily trading volume over the past month, of 4.2 million shares. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Advanced Micro Devices Inc (Symbol: AMD), where a total of 535,589 contracts have traded so far, representing approximately 53.6 million underlying shares. That amounts to about 83.7% of AMD's average daily trading volume over the past month of 64.0 million shares.

170271.0

2024-01-02 00:00:00 UTC

The Year That Was: Analyzing 2023’s Top Performing Stocks and Sectors

AMD

https://www.nasdaq.com/articles/the-year-that-was%3A-analyzing-2023s-top-performing-stocks-and-sectors

InvestorPlace - Stock Market News, Stock Advice & Trading Tips The start of a new year is the perfect time for a stock market recap. As 2023 came to a close the U.S. stock market has finally ended on a high note. In the beginning of the year, many market analysts and stock-pickers were worried about the way in which the macroeconomic environment would impact not only the general business environment but also the performance of stocks as a whole. Fortunately, since then, inflation has fallen down precipitously and the global economy appears to be avoiding a calamitous recession, both clear wins for the U.S. Federal Reserve. Currently, the Nasdaq has risen 43.6% from a year-to-date perspective, and the S&P500 has appreciated 24.2%. Below is a stock market recap on certain stocks and sectors that drove the market this year. AI Chip Stocks: AMD (AMD) and Nvidia (NVDA) Source: graphicINmotion/Shutterstock Of course, Nvidia (NASDAQ:NVDA) has been one of the best-performing stocks of 2023, with its staggering gain of more than 239.0% year to date. The chipmaker’s shares catapulted earlier in the year after OpenAI released its now famous ChatGPT conversational AI. Since then, Nvidia has been riding high on the booming demand for its artificial intelligence solutions, which continue to power some of the most advanced applications in the world. Advanced Micro Devices (NASDAQ:AMD) is already getting ready to release its MI300x GPU chipset, which was announced in the second quarter of 2023. The company expects to sell $2 billion in AI chips in 2024, potentially breaking up Nvidia’s monopolistic stranglehold on the AI chip market. AMD shares have more than doubled in value since the start of the year. All in all, next year could exciting year for both stocks. IonQ (IONQ) Source: Amin Van / Shutterstock.com IonQ (NYSE:IONQ) is the first pure-play quantum computing firm, and the company uses trapped ion technology to build its quantum computers. While the quantum computing firm is still technically pre-revenue, the company has worked hard to market its quantum computing services. For example, IonQ has been able to partner with Amazon Web Services and other cloud providers to offer its quantum computing services on public cloud networks. Similarly, IonQ released two quantum computing solutions in October, IonQ Forte Enterprise and IonQ Tempo. These solutions are tailored for both businesses and governments to integrate quantum capabilities within their existing infrastructure. The hype around artificial intelligence has certainly spilled over into companies operating in the quantum computing space, as there is a lot of intersection in terms of applications. As a result, IonQ shares have risen 259% YTD, clearly ending the year as a top performer. US-listed Brazilian Companies Source: Shutterstock Perhaps unbeknownst to many, there are a number of US-listed companies with headquarters in Brazil that have had a terrific year. When doing a stock market recap for 2023, the first that immediately comes to mind is Petrobras (NYSE:PBR), the state-run oil and gas behemoth. The stock has risen 87.5% year-to-date due to elevated energy prices and less than expected market interference from current President Luiz Inacio Lula da Silva’s government. As war rages on in the Middle East and OPEC production cuts remain in place, oil prices could remain elevated in the near term, and Brazilian oil companies could continue to pick up the tab on providing oil to the rest of the world. The Warren Buffet-backed Nubank (NYSE:NU) has also had an outstanding 2023, not only in terms of share price appreciation but also strong YOY revenue and customer growth. In particular, revenue growth in Q3 2023 came in at around 53% YOY. Despite higher interest rates, which could have negatively affected the demand for credit cards and personal loans, Nubank’s credit card and personal loan portfolios have instead expanded to $15.1 billion, up 48% YOY, while deposits totaled to $19.1 billion. Shares in Embraer (NYSE:ERJ), the commercial and defense aircraft designer and manufacturer, have risen 68.2%. The release of its new passenger jet, the E195-E2, and the subsequent $1.2 billion sell of which to Porter Airlines has helped the aircraft company build backlog and gain traction in the space. On the date of publication, Tyrik Torres did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post The Year That Was: Analyzing 2023’s Top Performing Stocks and Sectors appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

AI Chip Stocks: AMD (AMD) and Nvidia (NVDA) Source: graphicINmotion/Shutterstock Of course, Nvidia (NASDAQ:NVDA) has been one of the best-performing stocks of 2023, with its staggering gain of more than 239.0% year to date. Advanced Micro Devices (NASDAQ:AMD) is already getting ready to release its MI300x GPU chipset, which was announced in the second quarter of 2023. AMD shares have more than doubled in value since the start of the year.

AI Chip Stocks: AMD (AMD) and Nvidia (NVDA) Source: graphicINmotion/Shutterstock Of course, Nvidia (NASDAQ:NVDA) has been one of the best-performing stocks of 2023, with its staggering gain of more than 239.0% year to date. Advanced Micro Devices (NASDAQ:AMD) is already getting ready to release its MI300x GPU chipset, which was announced in the second quarter of 2023. AMD shares have more than doubled in value since the start of the year.

AI Chip Stocks: AMD (AMD) and Nvidia (NVDA) Source: graphicINmotion/Shutterstock Of course, Nvidia (NASDAQ:NVDA) has been one of the best-performing stocks of 2023, with its staggering gain of more than 239.0% year to date. Advanced Micro Devices (NASDAQ:AMD) is already getting ready to release its MI300x GPU chipset, which was announced in the second quarter of 2023. AMD shares have more than doubled in value since the start of the year.

AI Chip Stocks: AMD (AMD) and Nvidia (NVDA) Source: graphicINmotion/Shutterstock Of course, Nvidia (NASDAQ:NVDA) has been one of the best-performing stocks of 2023, with its staggering gain of more than 239.0% year to date. Advanced Micro Devices (NASDAQ:AMD) is already getting ready to release its MI300x GPU chipset, which was announced in the second quarter of 2023. AMD shares have more than doubled in value since the start of the year.

170272.0

2024-01-02 00:00:00 UTC

AMD Stock Sank Today -- Is It a Buy for 2024?

AMD

https://www.nasdaq.com/articles/amd-stock-sank-today-is-it-a-buy-for-2024

AMD (NASDAQ: AMD) stock lost ground Tuesday -- the first trading day of 2024. The semiconductor specialist's share price ended the day down 6%, according to data from S&P Global Market Intelligence. AMD stock fell on news that ASML had halted shipments of its lithography machines for semiconductor fabrication to China. ASML's decision reportedly stemmed from pressure applied by the U.S. government. In addition to the big semiconductor-industry news, tech stocks also fell after Barclays analyst Tim Long downgraded the investment company's rating on Apple stock from "neutral" to "underweight." Long lowered his one-year price target on Apple from $161 per share to $160 per share citing a less favorable outlook for the iPhone line and potential weakening for the company's services business. Is AMD stock a buy after today's sell-off? Today's big pullback for AMD stock highlights some of the key valuation threats facing the tech sector -- and growth-dependent chip stocks in particular. In terms of AMD's business-performance outlook, the ASML news looks much more significant than the ratings downgrade for Apple stock from Barclays. Tensions continue to rise between the U.S. and China, and the semiconductor industry has become a central battleground in the competition between the two world powers. While the U.S. has made moves to limit China's ability to purchase and manufacture high-performance artificial intelligence (AI) chips, China has indicated that it plans to bring Taiwan back under its territorial control. Given that AMD relies on chip-fabrication services from Taiwan Semiconductor Manufacturing, the fraught geopolitical situation remains a key risk factor for the company. Following surging interest in AI technologies and momentum for the broader semiconductor space, AMD stock has also been pushed up to a much more growth-dependent valuation. AMD PE Ratio (Forward 1y) data by YCharts. While AMD's stock has posted explosive gains over the last year, the business's recent performance has been less impressive. Revenue rose 8% year over year in the third quarter, while non-GAAP (adjusted) earnings per share were up 21%. The semiconductor specialist's business performance hasn't been bad, but it's important to keep in mind that the 114% increase for its share price over the last year has been aided significantly by excitement about future opportunities in AI. Ultimately, I do think that AMD has what it takes to be a worthwhile long-term investment. The company looks poised to continue gaining market share from Intel in the central processing unit (CPU) and server markets, and it may also be able to gain some ground against Nvidia in the graphics processing unit (GPU) space that is central to the AI race. AMD has the potential to be a big winner, but investors should keep in mind that the stock's outlook is much more speculative after a year of explosive gains. Should you invest $1,000 in Advanced Micro Devices right now? Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Advanced Micro Devices wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends ASML, Advanced Micro Devices, Apple, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends Barclays Plc. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Given that AMD relies on chip-fabrication services from Taiwan Semiconductor Manufacturing, the fraught geopolitical situation remains a key risk factor for the company. Following surging interest in AI technologies and momentum for the broader semiconductor space, AMD stock has also been pushed up to a much more growth-dependent valuation. AMD (NASDAQ: AMD) stock lost ground Tuesday -- the first trading day of 2024.

AMD (NASDAQ: AMD) stock lost ground Tuesday -- the first trading day of 2024. AMD stock fell on news that ASML had halted shipments of its lithography machines for semiconductor fabrication to China. Is AMD stock a buy after today's sell-off?

AMD (NASDAQ: AMD) stock lost ground Tuesday -- the first trading day of 2024. AMD stock fell on news that ASML had halted shipments of its lithography machines for semiconductor fabrication to China. Is AMD stock a buy after today's sell-off?

AMD (NASDAQ: AMD) stock lost ground Tuesday -- the first trading day of 2024. AMD stock fell on news that ASML had halted shipments of its lithography machines for semiconductor fabrication to China. Is AMD stock a buy after today's sell-off?

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2024-01-02 00:00:00 UTC

2 Artificial Intelligence (AI) Stocks to Buy Before the Nasdaq Surges in 2024

AMD

https://www.nasdaq.com/articles/2-artificial-intelligence-ai-stocks-to-buy-before-the-nasdaq-surges-in-2024

Wall Street is ending 2023 on a high note. The technology-heavy Nasdaq Composite gained about 43% in 2023. It may rise even higher in the coming months, driven mainly by positive economic indicators such as higher-than-expected corporate earnings and third-quarter gross domestic product (GDP) growth that surpassed most forecasts. A potential economic recovery makes it easier for technology companies to access capital for disruptive innovations. Not surprisingly, being composed of many innovative-technology stocks, the Nasdaq Composite will benefit significantly in the case of an uptick in economic activity in 2024. Artificial intelligence (AI) has been the hottest investment theme in 2023, and is poised to remain a major trend in 2024. Improvement in the economic landscape may drive up share prices of many AI stocks in the coming months. Hence, it makes sense to pick up small stakes in some fundamentally strong AI stocks with well-proven monetization models. Here's why Advanced Micro Devices (NASDAQ: AMD) and Super Micro Computer (NASDAQ: SMCI) fit the bill. Advanced Micro Devices The first name on my AI stock list is leading chip designer Advanced Micro Devices (NASDAQ: AMD) -- a stock that has gained almost 130% in 2023. This semiconductor giant needs no introduction, especially since the company has been frequently in the news for its advances in the field of graphic processing units (GPUs) and central processing units (CPUs). AMD expects demand for AI infrastructure in cloud, enterprise, embedded, and personal computing use cases to grow rapidly in future years. The company has also estimated the target addressable market of the data-center accelerator market to grow annually at more than 70% and reach $400 billion by 2027. AMD's recently launched Instinct™ MI300 family of accelerators, optimized for power-intensive AI and high-performance computing (HPC) workloads in data centers, seem well positioned to capitalize on this growing opportunity. Chief Executive Officer Lisa Su claimed that while MI300 chips are comparable to Nvidia's H100 chips in training large language models (LLMs), they are 1.4 times better in performance for inferencing (real-time running) models. Further, the company is also striving to ensure a sufficient supply of MI300 chips to meet the rising demand from cloud and enterprise segments. AMD expects MI300 revenue to surpass the $2 billion target in 2024. Besides MI300 chips, AMD is also focusing on offering a broad range of other energy-efficient GPUs, CPUs, and adaptive computing solutions for training and inferencing LLMs. The company is also working to develop networking solutions that can orchestrate across multiple GPUs for AI applications. AMD has further developed a robust, open, proven, and developer-friendly software ecosystem for GPU computations called the ROCm (Radeon Open Compute) software stack. This includes frameworks, libraries, compilers, drivers, developing tools, and APIs (application programming interfaces) that support multiple programming models. ROCm is further supporting the adoption of AMD's chips in the AI and high-performance computing (HPC) markets. Besides strength in its AI business, AMD's core server CPU business and personal computing business are also showing signs of improvement. In the third quarter, the company's fourth-generation Epyc server processor revenue was up sequentially by more than 50%. The company also witnessed rising demand for its Genoa and Bergamo chips from hyperscale customers. Furthermore, the company reported a solid 50% sequential growth in its client segment in the third quarter. Considering the future growth potential in the AI business and the strength of its core offerings, AMD can be a great stock to buy ahead of more Nasdaq gains. Super Micro Computer The second stock on my list is Super Micro Computer, a leading provider of high-end server and storage systems, which has emerged as a major beneficiary of the explosive growth in the AI market. The company reported a surge in demand for its LLM-optimized AI platforms, especially for Nvidia's HGX-H100 server building block integrated into its servers, in the first quarter of fiscal 2024 (ended Sept. 30). SMCI is also gearing up to monetize its new AI-optimized server offerings based on Nvidia's GH200 Grace Hopper Superchip, AMD's MI250 and MI300 family of chips, and Intel's Gaudi 2 CPU. Being the first to market advanced servers with the latest silicon chips gives the company a solid edge against the competition. Super Micro has been quite successful in differentiating its products from other mass-produced servers, mainly due to its "building block" or modular approach of assembling proprietary chips and networking technologies into servers. Unlike traditional servers, which require a significant overhaul to suit different applications and technology upgrades, SMCI's highly configurable servers enable customers to easily scale or replace components, at minimal cost. The company's liquid cooling technology also allows better energy utilization and thermal management of its datacenter server and storage solutions. Considering the high-power consumption and thermal challenges posed by AI-optimized servers, SMCI's energy efficiency solutions are helping bring down data-center costs. The company is now expecting 20% of the total data-center deployments to opt for its liquid cooling technology. Besides the AI training market, Super Micro is also benefiting from rising demand for servers in telecommunication-optimized edge computing products and AI inferencing platforms. Despite the many pros, Super Micro currently trades at only 2.2 times trailing-12-month sales -- quite reasonable considering that analysts on average expect the company's revenue to grow 51% year over year to $10.76 billion in fiscal 2024 (ending June 30, 2024). Hence, Super Micro seems to be a compelling pick now. Should you invest $1,000 in Advanced Micro Devices right now? Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Advanced Micro Devices wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Manali Bhade has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool recommends Intel and Super Micro Computer and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

AMD's recently launched Instinct™ MI300 family of accelerators, optimized for power-intensive AI and high-performance computing (HPC) workloads in data centers, seem well positioned to capitalize on this growing opportunity. SMCI is also gearing up to monetize its new AI-optimized server offerings based on Nvidia's GH200 Grace Hopper Superchip, AMD's MI250 and MI300 family of chips, and Intel's Gaudi 2 CPU. Here's why Advanced Micro Devices (NASDAQ: AMD) and Super Micro Computer (NASDAQ: SMCI) fit the bill.

Here's why Advanced Micro Devices (NASDAQ: AMD) and Super Micro Computer (NASDAQ: SMCI) fit the bill. Advanced Micro Devices The first name on my AI stock list is leading chip designer Advanced Micro Devices (NASDAQ: AMD) -- a stock that has gained almost 130% in 2023. AMD expects demand for AI infrastructure in cloud, enterprise, embedded, and personal computing use cases to grow rapidly in future years.

Advanced Micro Devices The first name on my AI stock list is leading chip designer Advanced Micro Devices (NASDAQ: AMD) -- a stock that has gained almost 130% in 2023. Here's why Advanced Micro Devices (NASDAQ: AMD) and Super Micro Computer (NASDAQ: SMCI) fit the bill. AMD expects demand for AI infrastructure in cloud, enterprise, embedded, and personal computing use cases to grow rapidly in future years.

Besides MI300 chips, AMD is also focusing on offering a broad range of other energy-efficient GPUs, CPUs, and adaptive computing solutions for training and inferencing LLMs. Here's why Advanced Micro Devices (NASDAQ: AMD) and Super Micro Computer (NASDAQ: SMCI) fit the bill. Advanced Micro Devices The first name on my AI stock list is leading chip designer Advanced Micro Devices (NASDAQ: AMD) -- a stock that has gained almost 130% in 2023.

170274.0

2024-01-02 00:00:00 UTC

Nvidia Is Incredible. These 3 Chip Stocks Could Beat It in 2024.

AMD

https://www.nasdaq.com/articles/nvidia-is-incredible.-these-3-chip-stocks-could-beat-it-in-2024.

If artificial intelligence (AI) was the story of 2023, then Nvidia (NASDAQ: NVDA) was the stock of the year. No other company's products were as in demand from the generative AI boom, and no other company has the financial performance to prove it. Nvidia stock finished 2023 up 239% last year, crossing the trillion-dollar mark to become only one of five U.S. stocks to have a valuation above that line. The business also delivered phenomenal growth on the top and bottom lines. In its third quarter, revenue jumped 206% to $18.12 billion, and its net income according to generally accepted accounting principles (GAAP) jumped more than thirteenfold to reach $9.24 billion, giving it a margin of more than 50%. Heading into 2024, Nvidia looks to be in great shape for even more growth. Its AI-focused H100 accelerators are in such high demand that prices for them have skyrocketed, and there's a shortage of its GPUs and other components used for its AI models. The spoils of the AI boom are likely to spill over to other companies in 2024, and while Nvidia may retain its lead in AI chips, other chip stocks could narrow the gap. Here are three that could outperform the AI chip leader in 2024. Image source: Getty Images. 1. Advanced Micro Devices If any semiconductor company is going to pose a challenge to Nvidia in AI capabilities, it seems likely to be Advanced Micro Devices (NASDAQ: AMD). The company's launch of its Instinct MI300 AI accelerators in December was highly anticipated, and the stock jumped 10% on the launch presentation, a sign Wall Street liked what it saw. Among the customers for the new component are Dell, Hewlett-Packard Enterprise, Lenovo, Microsoft, and Oracle, among others. AMD also said the Instinct Platform can offer a throughput increase of 60% for running inference on large language models compared with the Nvidia H100 HGX. AMD also made a number of acquisitions in the AI space recently. It acquired AI software leader Mipsology and Nod.ai, an open-source AI software expert, which will help it accelerate its deployment of AI solutions. AMD stock was no slouch in 2023. The stock jumped 128%. But expectations in 2024 are still modest, with the consensus calling for 16% revenue growth. If its new products take off, AMD could easily top that forecast and the stock could soar. 2. ACM Research ACM Research (NASDAQ: ACMR) is a relative unknown in the semiconductor sector. The company doesn't make chips, but instead makes machines that clean semiconductor wafers, an important process to ensure that these tiny components don't make errors. That position in the value chain makes ACM something of a picks-and-shovels play in the sector, but it also stands to benefit from the AI boom, since cleaning requirements are likely to become more technical as chips become more advanced and AI components become more in demand. ACM Research is a small company, with a market cap of $1.2 billion, but its recent results are impressive. Revenue rose 26% to $21.3 million, with a 31% increase in shipments even during a cyclically challenging period in the semiconductor industry. On the bottom line, adjusted net income rose 33% to $37.5 million. ACM is mostly focused on China, where it's considered a domestic supplier. That could give it an advantage at a time when a tech cold war between the U.S. and China is heating up, with the U.S. banning the export of some advanced technologies to China. The stock is cheap at a price-to-earnings ratio of 15, so it shouldn't take much to drive the stock higher in 2024, even after it gained 154% in 2023. 3. Taiwan Semiconductor Finally, Taiwan Semiconductor (NYSE: TSM) also looks poised for a strong performance in 2024. Taiwan Semiconductor, also known as TSMC, is the world's largest contract semiconductor foundry, handling roughly half of semiconductor manufacturing for companies including Apple, Qualcomm, Broadcom, AMD, Nvidia, and Intel. AI makes up about 6% of the company's revenue, but given the company's strong position in chip manufacturing and even larger market share in the manufacturing of advanced chips, it should see steady growth ahead from increasing AI demand. Like other semiconductor companies, TSMC is fast at work increasing capacity to handle demand for AI production. That momentum may already be starting to build, given that revenue in October jumped 16% from the year before. Compared with the chip designers, TSMC stock is also affordably priced, at a price-to-earnings ratio of 20. With a broader recovery in the chip sector expected in 2024, TSMC could be a big winner. Should you invest $1,000 in Advanced Micro Devices right now? Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Advanced Micro Devices wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Jeremy Bowman has positions in ACM Research and Broadcom. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, Microsoft, Nvidia, Oracle, Qualcomm, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends Broadcom and Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

AMD also said the Instinct Platform can offer a throughput increase of 60% for running inference on large language models compared with the Nvidia H100 HGX. Advanced Micro Devices If any semiconductor company is going to pose a challenge to Nvidia in AI capabilities, it seems likely to be Advanced Micro Devices (NASDAQ: AMD). AMD also made a number of acquisitions in the AI space recently.

Taiwan Semiconductor, also known as TSMC, is the world's largest contract semiconductor foundry, handling roughly half of semiconductor manufacturing for companies including Apple, Qualcomm, Broadcom, AMD, Nvidia, and Intel. Advanced Micro Devices If any semiconductor company is going to pose a challenge to Nvidia in AI capabilities, it seems likely to be Advanced Micro Devices (NASDAQ: AMD). AMD also said the Instinct Platform can offer a throughput increase of 60% for running inference on large language models compared with the Nvidia H100 HGX.

Advanced Micro Devices If any semiconductor company is going to pose a challenge to Nvidia in AI capabilities, it seems likely to be Advanced Micro Devices (NASDAQ: AMD). AMD also said the Instinct Platform can offer a throughput increase of 60% for running inference on large language models compared with the Nvidia H100 HGX. AMD also made a number of acquisitions in the AI space recently.

Advanced Micro Devices If any semiconductor company is going to pose a challenge to Nvidia in AI capabilities, it seems likely to be Advanced Micro Devices (NASDAQ: AMD). AMD also said the Instinct Platform can offer a throughput increase of 60% for running inference on large language models compared with the Nvidia H100 HGX. AMD also made a number of acquisitions in the AI space recently.

170275.0

2024-01-02 00:00:00 UTC

1 Company That Could Be Worth $1 Trillion by 2028

AMD

https://www.nasdaq.com/articles/1-company-that-could-be-worth-%241-trillion-by-2028

Yes, $1 trillion is a huge amount of money. It can, however, be hard to grasp exactly how big it is. So, here's an example: Imagine that $1 million was deposited into your bank account. Nice, right? Now, imagine deposits continued every hour, on the hour, every day and continued -- nonstop -- for 50 years. After all that time, you'd have $438 billion, a gargantuan amount of money. But to get to $1 trillion, the deposits would have to continue for another 65 years. To put it another way, it would take 115 years to accumulate $1 trillion in this fashion. Simply put, $1 trillion is an astoundingly large amount of dough. And yet, there are now five publicly traded American companies with market caps over $1 trillion. What's more, the two biggest -- Apple and Microsoft -- have market caps of $3 trillion and $2.8 trillion, respectively. Undoubtedly, many more companies will cross the $1 trillion mark in the years to come. And there's one I believe can get there by 2028: Advanced Micro Devices (NASDAQ: AMD). Image source: Getty Images. AMD's market cap is growing at a staggering pace Why do I think AMD can cross the $1 trillion mark by 2028? For starters, let's look at AMD's market cap today. As of this writing, AMD has a market cap of $238 billion, making it the 29th largest U.S. company, sandwiched between Salesforce and PepsiCo. So, to reach $1 trillion by 2028, AMD would need to grow its market cap at a compound annual growth rate (CAGR) of 50% over the next four years: YEAR MARKET CAP IN BILLIONS (WITH 50% GROWTH RATE YOY) 2024 $238 2025 $357 2026 $536 2027 $803 2028 $1,205 Data source: Author's calculations. YOY = year over year. That would be an impressive feat, but consider this: AMD has grown its market cap over the last five years at a CAGR of 68%, rising from $17 billion in 2019 to more than $238 billion as of this writing. AMD Market Cap data by YCharts In other words, AMD just needs to maintain its market cap growth to hit the $1 trillion mark by 2028. That won't be easy, but it's certainly achievable. AMD could ride the artificial intelligence wave to a $1 trillion valuation What makes it possible -- perhaps even likely -- is the wild growth of the artificial intelligence (AI) market. As AMD CEO Lisa Su noted in a recent interview: The AI market over the last year has just exploded. ChatGPT has really changed our perspective for what Generative AI can do. ... We originally thought the total market for data center AI accelerators would be about $150 billion [in 2027]. Now, we think it will be over $400 billion. That's eye-popping growth, and it stands to be an enormous tailwind for AMD. Currently, the company generates roughly a quarter of its revenue from its data center unit. However, with demand for AI accelerators through the roof, that segment should see enormous revenue growth in the coming years -- in particular, due to the recent debut of its new adaptive processing unit chip, the MI300. Image source: The Motley Fool. In short, AMD is a company with the wind at its back. The AI revolution is just getting started, and for it to keep rolling on, many AI chips will be needed. And while AMD hopes to compete head-to-head with Nvidia for AI chip supremacy, there's plenty of room for both. And in time, AMD might just join Nvidia in the $1 trillion market cap club. Should you invest $1,000 in Advanced Micro Devices right now? Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Advanced Micro Devices wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Jake Lerch has positions in Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, Microsoft, Nvidia, and Salesforce. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

So, to reach $1 trillion by 2028, AMD would need to grow its market cap at a compound annual growth rate (CAGR) of 50% over the next four years: And there's one I believe can get there by 2028: Advanced Micro Devices (NASDAQ: AMD). AMD's market cap is growing at a staggering pace Why do I think AMD can cross the $1 trillion mark by 2028?

And there's one I believe can get there by 2028: Advanced Micro Devices (NASDAQ: AMD). AMD's market cap is growing at a staggering pace Why do I think AMD can cross the $1 trillion mark by 2028? For starters, let's look at AMD's market cap today.

AMD's market cap is growing at a staggering pace Why do I think AMD can cross the $1 trillion mark by 2028? AMD Market Cap data by YCharts In other words, AMD just needs to maintain its market cap growth to hit the $1 trillion mark by 2028. And there's one I believe can get there by 2028: Advanced Micro Devices (NASDAQ: AMD).

As of this writing, AMD has a market cap of $238 billion, making it the 29th largest U.S. company, sandwiched between Salesforce and PepsiCo. AMD Market Cap data by YCharts In other words, AMD just needs to maintain its market cap growth to hit the $1 trillion mark by 2028. And there's one I believe can get there by 2028: Advanced Micro Devices (NASDAQ: AMD).

170276.0

2024-01-02 00:00:00 UTC

AI Supports Case for This Semiconductor ETF

AMD

https://www.nasdaq.com/articles/ai-supports-case-for-this-semiconductor-etf

Semiconductors are the foundation upon which artificial intelligence (AI) thrives, but knowing that is only part of the battle. For investors using ETF to access chip stocks, some homework could pay dividends regarding identifying the chip ETFs with the most AI relevancy. The VanEck Semiconductor ETF (SMH) is among the ideas that come to mind. The $11.7 billion SMH turned turned 12 years old in December. It was higher by nearly 73% as of December 26. That's a stellar performance to be sure. And it's one that’s been fueled in part by the fund’s robust AI adjacency. As a semiconductor play on AI, SMH’s construction is highly pertinent to interested investors. Three of the most widely held stocks by AI and big data funds, including ETFs, are Advanced Micro Devices (AMD), Nvidia (NVDA) and Taiwan Semiconductor (TSM). That trio represents three of SMH’s top four holdings. Moats Matter Nvidia and Taiwan Semiconductor combine for 28.46% of the SMH roster. That’s relevant on multiple levels, not the least of which is Nvidia is viewed as one of the most AI-relevant stocks, particularly in the chip space. Still, SMH’s more than 9% weight to Taiwan Semiconductor shouldn’t be glossed over. After all, that company is the largest chip foundry operator in the world. That means that as demand for AI chips increases, so will demand for Taiwan Semiconductor’s services. That speaks to Taiwan Semiconductor’s status as a wide moat company -- a trait shared with Nvidia. “Companies with economic moats could be more likely to benefit and may be less susceptible to disruption from AI than those without moats. Moats based on a combination of customer switching costs, unique datasets, and brands could be particularly valuable,” noted Morningstar. “Companies with durable advantages could use AI to improve their products and services and strengthen their competitive positions.” Competitive Advantages Have Myriad Appeal The durable competitive advantages possessed by Nvidia and Taiwan Semiconductor are appealing for other reasons. As Morningstar points out, companies with that trait are usually profitable. They usually generate significant amounts of free cash flow. That could be advantageous in turbulent economic climates. Overall, SMH remains a valid AI consideration. That's particularly so for market participants that want to eschew stock-picking in a still-evolving niche. “Artificial intelligence is an exciting theme, and we expect a lot of market interest in 2024. One effective way to access the AI theme without paying huge valuation premiums is via second-derivative plays. These are not the chipmakers or those that offer technology interfaces. Rather, it's those who can effectively embed AI into their workflow and drive new revenue growth opportunities. The principles of good investing still apply,” concluded Morningstar. For more news, information, and analysis, visit the Beyond Basic Beta Channel. Read more on ETFTrends.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Three of the most widely held stocks by AI and big data funds, including ETFs, are Advanced Micro Devices (AMD), Nvidia (NVDA) and Taiwan Semiconductor (TSM). Moats based on a combination of customer switching costs, unique datasets, and brands could be particularly valuable,” noted Morningstar. One effective way to access the AI theme without paying huge valuation premiums is via second-derivative plays.

Three of the most widely held stocks by AI and big data funds, including ETFs, are Advanced Micro Devices (AMD), Nvidia (NVDA) and Taiwan Semiconductor (TSM). For investors using ETF to access chip stocks, some homework could pay dividends regarding identifying the chip ETFs with the most AI relevancy. That means that as demand for AI chips increases, so will demand for Taiwan Semiconductor’s services.

Three of the most widely held stocks by AI and big data funds, including ETFs, are Advanced Micro Devices (AMD), Nvidia (NVDA) and Taiwan Semiconductor (TSM). For investors using ETF to access chip stocks, some homework could pay dividends regarding identifying the chip ETFs with the most AI relevancy. “Companies with durable advantages could use AI to improve their products and services and strengthen their competitive positions.” Competitive Advantages Have Myriad Appeal The durable competitive advantages possessed by Nvidia and Taiwan Semiconductor are appealing for other reasons.

Three of the most widely held stocks by AI and big data funds, including ETFs, are Advanced Micro Devices (AMD), Nvidia (NVDA) and Taiwan Semiconductor (TSM). For investors using ETF to access chip stocks, some homework could pay dividends regarding identifying the chip ETFs with the most AI relevancy. Moats Matter Nvidia and Taiwan Semiconductor combine for 28.46% of the SMH roster.

170256.0

2024-01-03 00:00:00 UTC

3 Stocks to Buy for the $100,000 Portfolio: 2024 Edition

AMD

https://www.nasdaq.com/articles/3-stocks-to-buy-for-the-%24100000-portfolio%3A-2024-edition

InvestorPlace - Stock Market News, Stock Advice & Trading Tips What to do with $100,000? Where to invest that kind of money? These stocks to buy for 2024 include technology stocks, which continue to be a safe bet for growth-oriented investors. Of course, tech stocks are coming off their best year since the heady days of the internet bubble in 1999, with the Nasdaq index rising 43% in 2023. Despite the big rally, there’s still reason to be bullish on tech, semiconductor and microchip stocks in particular. These securities have a multi-year growth driver behind them in artificial intelligence (AI). While AI drove the Nasdaq higher last year, the technology is still in its infancy, and companies are only now starting to monetize it. Expect demand for AI microchips and semiconductors to continue growing as the technology changes the world. Here are three stocks to buy for the $100,000 portfolio: 2024 edition. Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Analysts at Stifel Financial (NYSE:SF) just upgraded their price target on shares of chipmaker Advanced Micro Devices (NASDAQ:AMD) from $145 to $170. The new price target implies a 20% upside for AMD stock from current levels after a 123% gain over the past 12 months. In December alone, AMD’s share price rose 20%. Stifel analysts cite AMD’s strong balance sheet and ties to secular trends such as AI as reasons to remain bullish on the stock. AMD stock has been a long-term winner for investors, gaining 650% over the past five years. The increase in 2023 was only about half the rise with rival chipmaker Nvidia‘s (NASDAQ:NVDA) stock; AMD has outpaced Nvidia over the past six months (24% vs. 12%) and appears to have momentum heading into 2024. AMD’s executives have also clarified that they are going all-in on AI, recently launching a new series of microchips called the “Ryzen 8040,” specifically for AI applications. Cadence Design Systems (CDNS) Source: mrinalpal / Shutterstock.com Now for a technology stock that most investors are likely unfamiliar with—Cadence Design Systems (NASDAQ:CDNS). Based in Silicon Valley and an ongoing concern since 1988, Cadence produces the software, hardware, and silicon pieces for designing and building integrated circuits, microchips and circuit boards. Think of them as creating the nuts and bolts of the microchip industry. While Cadence Design gets little attention, its stock is up 66% over the past 12 months and 510% over five years. Heading into 2024, Cadence Design Systems could be a good way to play the rally in chip and semiconductor stocks. The company’s earnings remain strong, and it has forecasted full-year 2023 revenue growth of 15% year-over-year and earnings per share (EPS) growth of 20%. Cadence is also flush with cash of $962 million and long-term debt of $649 million at the end of Q3 2023. CDNS stock isn’t cheap, trading at 75 times future earnings estimates, but the stock’s performance justifies the premium price. Micron Technology (MU) Source: Piotr Swat / Shutterstock.com Sticking with chipmakers, we have Micron Technology (NASDAQ:MU). Its stock is up 12% in the past month after the company posted better-than-expected quarterly results. Over the last 12 months, MU stock has risen 66%, up 155% through five years. Not yet profitable, Micron reported a loss of $0.95 a share for its fiscal first quarter, which was better than the expected loss of $1.01 on Wall Street. Revenue totaled $4.73 billion, which beat analysts’ forecasts of $4.58 billion. Micron is a leader in dynamic random-access memory chips for desktop computers and servers, and flash memory in smartphones and hard drives. During itsearnings call the company’s management team gave a bullish outlook for AI, saying the technology should drive “multiyear growth.” Micron also said that inventory levels for its memory and storage chips are normal, and it’s working with Nvidia on upcoming AI chips—all music to investors’ ears. On the date of publication, Joel Baglole held long positions in NVDA and CDNS. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Stocks to Buy for the $100,000 Portfolio: 2024 Edition appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stifel analysts cite AMD’s strong balance sheet and ties to secular trends such as AI as reasons to remain bullish on the stock. Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Analysts at Stifel Financial (NYSE:SF) just upgraded their price target on shares of chipmaker Advanced Micro Devices (NASDAQ:AMD) from $145 to $170. The new price target implies a 20% upside for AMD stock from current levels after a 123% gain over the past 12 months.

Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Analysts at Stifel Financial (NYSE:SF) just upgraded their price target on shares of chipmaker Advanced Micro Devices (NASDAQ:AMD) from $145 to $170. The increase in 2023 was only about half the rise with rival chipmaker Nvidia‘s (NASDAQ:NVDA) stock; AMD has outpaced Nvidia over the past six months (24% vs. 12%) and appears to have momentum heading into 2024. The new price target implies a 20% upside for AMD stock from current levels after a 123% gain over the past 12 months.

The increase in 2023 was only about half the rise with rival chipmaker Nvidia‘s (NASDAQ:NVDA) stock; AMD has outpaced Nvidia over the past six months (24% vs. 12%) and appears to have momentum heading into 2024. Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Analysts at Stifel Financial (NYSE:SF) just upgraded their price target on shares of chipmaker Advanced Micro Devices (NASDAQ:AMD) from $145 to $170. The new price target implies a 20% upside for AMD stock from current levels after a 123% gain over the past 12 months.

Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Analysts at Stifel Financial (NYSE:SF) just upgraded their price target on shares of chipmaker Advanced Micro Devices (NASDAQ:AMD) from $145 to $170. The new price target implies a 20% upside for AMD stock from current levels after a 123% gain over the past 12 months. In December alone, AMD’s share price rose 20%.