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170257.0

2024-01-03 00:00:00 UTC

Stock Market News for Jan 3, 2024

AMD

https://www.nasdaq.com/articles/stock-market-news-for-jan-3-2024

Wall Street closed mixed on Tuesday, dragged down by tech and consumer discretionary stocks. The yield on the U.S. 10-year Treasury Note climbed to a two-week high. Two of the three major stock indexes ended in the red, while one ended in the green. How Did the Benchmarks Perform? The Dow Jones Industrial Average (DJI) rose 25.5 points, or 0.1%, to close at 37,715.54. Eighteen components of the 30-stock index ended in positive territory, while 12 ended in positive. The tech-heavy Nasdaq Composite dropped 245.41 points, or 1.6%, to close at 14,765.94. The S&P 500 slid 27 points, or 0.6%, to close at 4,742.83. Five of the 11 broad sectors of the benchmark index closed in the red. The Technology Select Sector SPDR (XLK), the Industrials Select Sector SPDR (XLI) and the Consumer Discretionary Select Sector SPDR (XLY) declined 2.6%, 1% and 0.9%, respectively, while the Health Care Select Sector SPDR (XLV) advanced 1.8%. The fear-gauge CBOE Volatility Index (VIX) decreased 6% to 13.20. A total of 11.9 billion shares were traded on Tuesday, lower than the last 20-session average of 12.4 billion. Apple (AAPL) Weighs Down on the Tech Sector Shares of Apple Inc. AAPL declined 3.6% after Barclays downgraded the tech behemoth’s rating to “underweight”. The analysts cited weakening demand for the company’s flagship mobile iPhone 15 and almost zero upgrades to the iPhone 16 model as the main reason. Demand has been a major concern for the company since early 2023, and its holiday season sales forecast has also been below Wall Street estimates. Apple has also struggled in China’s market since the resurgence of Huawei. Being one of the “Magnificent Seven” stocks, Apple’s plight weighed down on the tech sector and the broader market in general. Consequently, shares of Microsoft Corporation MSFT and Advanced Micro Devices, Inc. AMD fell 1.4% and 6%, respectively. Microsoft carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 10-Year Treasury Yield Touches 2-Week High On Tuesday, the U.S. benchmark 10-year treasury yield climbed above the 4% mark to touch a 2-week high before settling at 3.937%. When treasury yields go up, future valuations of mega-cap growth stocks like tech seem unreasonable, and it weighs on the sector. Economic Data The U.S. Census Bureau reported that construction spending for November had increased 0.4% as opposed to a consensus of 0.6% for the period. The increase for October was revised up to 1.2% from the previously reported 0.6%. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. See This Stock Now for 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 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.

Consequently, shares of Microsoft Corporation MSFT and Advanced Micro Devices, Inc. AMD fell 1.4% and 6%, respectively. 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 To read this article on Zacks.com click here. Demand has been a major concern for the company since early 2023, and its holiday season sales forecast has also been below Wall Street estimates.

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 To read this article on Zacks.com click here. Consequently, shares of Microsoft Corporation MSFT and Advanced Micro Devices, Inc. AMD fell 1.4% and 6%, respectively. The Technology Select Sector SPDR (XLK), the Industrials Select Sector SPDR (XLI) and the Consumer Discretionary Select Sector SPDR (XLY) declined 2.6%, 1% and 0.9%, respectively, while the Health Care Select Sector SPDR (XLV) advanced 1.8%.

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 To read this article on Zacks.com click here. Consequently, shares of Microsoft Corporation MSFT and Advanced Micro Devices, Inc. AMD fell 1.4% and 6%, respectively. The Technology Select Sector SPDR (XLK), the Industrials Select Sector SPDR (XLI) and the Consumer Discretionary Select Sector SPDR (XLY) declined 2.6%, 1% and 0.9%, respectively, while the Health Care Select Sector SPDR (XLV) advanced 1.8%.

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 To read this article on Zacks.com click here. Consequently, shares of Microsoft Corporation MSFT and Advanced Micro Devices, Inc. AMD fell 1.4% and 6%, respectively. Five of the 11 broad sectors of the benchmark index closed in the red.

170258.0

2024-01-03 00:00:00 UTC

Advanced Micro Devices, Inc. (AMD) Is a Trending Stock: Facts to Know Before Betting on It

AMD

https://www.nasdaq.com/articles/advanced-micro-devices-inc.-amd-is-a-trending-stock%3A-facts-to-know-before-betting-on-it-11

Advanced Micro Devices (AMD) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Shares of this chipmaker have returned +17.1% over the past month versus the Zacks S&P 500 composite's +4% change. The Zacks Electronics - Semiconductors industry, to which Advanced Micro belongs, has gained 14.6% over this period. Now the key question is: Where could the stock be headed in the near term? While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making. Revisions to Earnings Estimates Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements. Advanced Micro is expected to post earnings of $0.77 per share for the current quarter, representing a year-over-year change of +11.6%. Over the last 30 days, the Zacks Consensus Estimate has changed -1.6%. The consensus earnings estimate of $2.65 for the current fiscal year indicates a year-over-year change of -24.3%. This estimate has remained unchanged over the last 30 days. For the next fiscal year, the consensus earnings estimate of $3.63 indicates a change of +37% from what Advanced Micro is expected to report a year ago. Over the past month, the estimate has changed +0.4%. With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Advanced Micro. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Revenue Growth Forecast While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth. For Advanced Micro, the consensus sales estimate for the current quarter of $6.11 billion indicates a year-over-year change of +9.2%. For the current and next fiscal years, $22.63 billion and $26.06 billion estimates indicate -4.1% and +15.2% changes, respectively. Last Reported Results and Surprise History Advanced Micro reported revenues of $5.8 billion in the last reported quarter, representing a year-over-year change of +4.2%. EPS of $0.70 for the same period compares with $0.67 a year ago. Compared to the Zacks Consensus Estimate of $5.71 billion, the reported revenues represent a surprise of +1.65%. The EPS surprise was +2.94%. The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period. Valuation No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance. Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is. As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued. Advanced Micro is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade. Conclusion The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Advanced Micro. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. See This Stock Now for 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 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) is one of the stocks most watched by Zacks.com visitors 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. Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account.

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) is one of the stocks most watched by Zacks.com visitors lately. Last Reported Results and Surprise History Advanced Micro reported revenues of $5.8 billion in the last reported quarter, representing a year-over-year change of +4.2%.

Advanced Micro Devices (AMD) is one of the stocks most watched by Zacks.com visitors 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. With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions.

Advanced Micro Devices (AMD) is one of the stocks most watched by Zacks.com visitors 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. When earnings estimates for a company go up, the fair value for its stock goes up as well.

170259.0

2024-01-03 00:00:00 UTC

Better Artificial Intelligence (AI) Stock: AMD vs. Microsoft

AMD

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

The artificial intelligence (AI) market exploded last year, becoming one of the fastest-growing industries. Data from Grand View Research shows the AI market is projected to expand at a compound annual growth rate of 37% through 2030, which would see it exceed a value of $1 trillion before the end of the decade. So it's no surprise that companies worldwide have restructured their businesses to focus on the budding sector, presenting a variety of investment opportunities. Advanced Micro Devices (NASDAQ: AMD) and Microsoft (NASDAQ: MSFT) are some of the most attractive options, with one making moves in AI chips and the other heavily investing in the software side of the industry. So let's take a look at whether AMD or Microsoft is currently the better stock for those who want to back the rapidly expanding AI market. Advanced Micro Devices Since its founding more than 50 years ago, AMD has become one of the biggest threats in chips. The company hasn't always been first to a market but has proven its ability to carve out a lucrative position in almost any part of the industry with its advanced technology and decisive leadership. AMD CEO Lisa Su took the helm in October 2014. Since then, the company's shares have soared over 4,000% as it has become a leader in central and graphics processing units (CPUs and GPUs). In fact, AMD's CPU market share has risen from 18% in 2017 to 35% in 2023, gradually chipping away at Intel's share. Meanwhile, the tech giant has attained a significant share of desktop GPUs, second only to Nvidia. As a result, AMD's expansion into AI strengthens its long-term outlook. Nvidia might have an estimated 90% market share in AI chips, but AMD's past performance suggests it will be able to secure a powerful role in the sector. AMD will begin shipping its MI300X GPU this year, designed specifically to challenge Nvidia's offerings. The AI chip already has Microsoft's Azure signed on as a customer, with AMD in talks with several other tech companies. It's still early days for AMD's AI journey, but it's likely to go far in the market in the coming years. Microsoft Microsoft got a head start in AI, investing $1 billion in ChatGPT developer OpenAI in 2019. The company has since increased that investment significantly and now boasts a 49% stake in the start-up. Microsoft's partnership with OpenAI has granted it access to some of the most advanced AI models, giving it an edge over rivals like Amazon and Alphabet. The Windows company has used OpenAI's technology to bring AI upgrades across its product lineup. Its cloud platform, Azure, has expanded its range of AI tools, search engine Bing has been improved with ChatGPT-like features, and various Office productivity services now promise to boost efficiency with the help of AI. Meanwhile, Microsoft has delivered impressive quarterly earnings. In the first quarter of 2024 (ending September 2023), the company posted revenue growth of 13% year over year, beating Wall Street forecasts by nearly $2 billion. Gains came from considerable growth in its productivity and cloud-related segments, which saw revenue increase by 13% and 19%, respectively. As the home of brands like Windows, Office, Azure, Xbox, and LinkedIn, Microsoft has a massive user base. Millions of businesses rely on its software, presenting considerable earning opportunities in AI. Is AMD or Microsoft the better AI stock? AMD and Microsoft have solid outlooks in AI over the long term. AMD looks poised to shake up the chip market with the launch of its new GPU. Meanwhile, Microsoft has the tech and brand loyalty to become the go-to for anyone looking to integrate AI into their workflow. However, the charts below suggest AMD might have more stock growth potential over the next two fiscal years. Data by YCharts These tables compare AMD's and Microsoft's EPS estimates for the next two fiscal years. According to the data, AMD's earnings could hit $5 per share by fiscal 2026, while Microsoft's will likely reach $15 per share. On the surface, Microsoft looks like a no-brainer. Yet multiplying those figures by AMD's forward price-to-earnings ratio of 55 and Microsoft's 34 yields stock prices of $275 and $510, respectively. Looking at their current positions, AMD's share would rise 87% and Microsoft's 36% over the next two fiscal years. As a result, AMD looks like the better AI stock right now and an attractive buy at the start of 2024. 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 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 might have an estimated 90% market share in AI chips, but AMD's past performance suggests it will be able to secure a powerful role in the sector. Advanced Micro Devices (NASDAQ: AMD) and Microsoft (NASDAQ: MSFT) are some of the most attractive options, with one making moves in AI chips and the other heavily investing in the software side of the industry. So let's take a look at whether AMD or Microsoft is currently the better stock for those who want to back the rapidly expanding AI market.

Advanced Micro Devices (NASDAQ: AMD) and Microsoft (NASDAQ: MSFT) are some of the most attractive options, with one making moves in AI chips and the other heavily investing in the software side of the industry. So let's take a look at whether AMD or Microsoft is currently the better stock for those who want to back the rapidly expanding AI market. Advanced Micro Devices Since its founding more than 50 years ago, AMD has become one of the biggest threats in chips.

Advanced Micro Devices (NASDAQ: AMD) and Microsoft (NASDAQ: MSFT) are some of the most attractive options, with one making moves in AI chips and the other heavily investing in the software side of the industry. Is AMD or Microsoft the better AI stock? So let's take a look at whether AMD or Microsoft is currently the better stock for those who want to back the rapidly expanding AI market.

Is AMD or Microsoft the better AI stock? Advanced Micro Devices (NASDAQ: AMD) and Microsoft (NASDAQ: MSFT) are some of the most attractive options, with one making moves in AI chips and the other heavily investing in the software side of the industry. So let's take a look at whether AMD or Microsoft is currently the better stock for those who want to back the rapidly expanding AI market.

170260.0

2024-01-03 00:00:00 UTC

AMD Factor-Based Stock Analysis

AMD

https://www.nasdaq.com/articles/amd-factor-based-stock-analysis-22

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.

170261.0

2024-01-03 00:00:00 UTC

The NVDA Stock Enigma: Will Nvidia’s Star Shine or Dim in 2024?

AMD

https://www.nasdaq.com/articles/the-nvda-stock-enigma%3A-will-nvidias-star-shine-or-dim-in-2024

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nvidia (NASDAQ:NVDA) stock was arguably the most important one on the market in 2023. Due to its weighting in the S&P 500 and Nasdaq 100 indices, it had a significant impact on their performance. Both set new all-time highs last year. Nvidia stock gained nearly 240% last year. It was the fifth largest and the second most influential component in the S&P 500 behind Tesla (NASDAQ:TSLA) It also was the fourth largest and the most influential component of the Nasdaq 100, just ahead of Tesla. The chip maker reached a $1 trillion valuation as a result. Now it’s a matter of when, not if, it hits $2 trillion. The Bull Case for Nvidia As the leading semiconductor company specializing in graphics cards and data centers, AI energized Nvidia’s performance. Its future performance in 2024 depends heavily on ongoing chip demand, its ability to innovate to maintain a competitive advantage, and whether AI has the legs to keep running higher. There is an excellent case that demand should grow. Businesses want in on AI, which ought to keep Nvidia busy. And PC sales could rebound with the potential for an AI PC being introduced this year. And the gaming market where Nvidia cut its teeth is showing signs of growth once more. Higher console sales, more games sold, and an increased number of players point to a recovery in the industry. Nvidia’s Q3 gaming revenue jumped 15% sequentially and 81% year over year. There is plenty Nvidia is doing right, too. Because Arm Holdings (NASDAQ:ARM) technology is so critical to its own, Nvidia invested in Arm’s IPO. Regulators prevented the two from merging over antitrust concerns, so this backdoor way of ensuring its access is the next best thing. Nvidia’s recently released Grace Hopper H200 AI Superchip is based on Arm’s architecture. The Bear Case for Nvidia NVDA stock already embodies the belief all that will fall in the chip maker’s favor. The stock is priced for perfection. Although only trading for 24 times next year’s earnings, it also goes for 27 times sales and 70 times free cash flow. With the U.S. blocking the sale and transfer of technology and chips to China and competitors nipping at its AI heels, any hiccup could cause NVDA stock to tumble. The country represents 20% of Nvidia’s data center revenue, one of its most important segments. Nvidia quickly established itself as the leading AI chip stock but Advanced Micro Devices (NASDAQ:AMD) and more recently Intel (NASDAQ:INTC) released competing processors. The H200 puts Nvidia back in the lead, but does so at a much higher price. Discounting by rivals could jeopardize NVDA’s lead. While the gaming market did bounce, the PC segment is still in decline. An AI PC might help, but that could be wishful thinking too. According to analysts, Nvidia has a median 12-month price target of $650, implying 35% upside in the stock. At least one analyst forecasts Nvidia stock will hit $1,100 per share, more than doubling from its current price of $495 per share. These optimistic projections are based on the assumption that Nvidia will continue to dominate the AI market, which is expected to grow at a 40.2% compounded annual growth rate between 2020 to 2027. The question is, how long is AI’s growth sustainable? Right now it’s on a rocket ride but that’s based on it continuing to pay dividends for business. If the hoped-for savings and efficiencies don’t materialize, that could cause demand to drop off the table. The Verdict on NVDA Stock Although momentum is in Nvidia’s favor, the stock is not a clear buy in 2024. It will be hard to keep the pace of growth going. The clarity needed regarding China is not imminent. Competition is growing and becoming more intense, particularly on the AI side. AI could be a bubble that bursts in 2024 due to regulatory, ethical, or social concerns. Yet I wouldn’t be selling shares either. Rather, for investors willing to tolerate the volatility and uncertainty in the market, the chip maker is a hold. Nvidia is a great company with a strong competitive advantage, but its stock is trading at a significant premium. With the saturation of its core markets, I’d be leery of buying more now 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 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 NVDA Stock Enigma: Will Nvidia’s Star Shine or Dim 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.

Nvidia quickly established itself as the leading AI chip stock but Advanced Micro Devices (NASDAQ:AMD) and more recently Intel (NASDAQ:INTC) released competing processors. Its future performance in 2024 depends heavily on ongoing chip demand, its ability to innovate to maintain a competitive advantage, and whether AI has the legs to keep running higher. These optimistic projections are based on the assumption that Nvidia will continue to dominate the AI market, which is expected to grow at a 40.2% compounded annual growth rate between 2020 to 2027.

Nvidia quickly established itself as the leading AI chip stock but Advanced Micro Devices (NASDAQ:AMD) and more recently Intel (NASDAQ:INTC) released competing processors. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nvidia (NASDAQ:NVDA) stock was arguably the most important one on the market in 2023. Because Arm Holdings (NASDAQ:ARM) technology is so critical to its own, Nvidia invested in Arm’s IPO.

Nvidia quickly established itself as the leading AI chip stock but Advanced Micro Devices (NASDAQ:AMD) and more recently Intel (NASDAQ:INTC) released competing processors. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nvidia (NASDAQ:NVDA) stock was arguably the most important one on the market in 2023. The Bull Case for Nvidia As the leading semiconductor company specializing in graphics cards and data centers, AI energized Nvidia’s performance.

Nvidia quickly established itself as the leading AI chip stock but Advanced Micro Devices (NASDAQ:AMD) and more recently Intel (NASDAQ:INTC) released competing processors. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nvidia (NASDAQ:NVDA) stock was arguably the most important one on the market in 2023. Nvidia’s Q3 gaming revenue jumped 15% sequentially and 81% year over year.

170262.0

2024-01-03 00:00:00 UTC

3 Top Gaming Stocks to Buy in January

AMD

https://www.nasdaq.com/articles/3-top-gaming-stocks-to-buy-in-january-1

The video games market is vast, encompassing a wide range from consoles to PCs, mobile games, handheld devices, and more. Meanwhile, recent developments like microtransactions and subscription-based services have opened new ways for companies to boost revenue. According to Statista, the industry is valued at about $250 billion, and is expected to expand at a compound annual growth rate of about 9% through 2028. As a result, it's not a bad idea to make a long-term investment in the market and profit from its consistent development. After all, there's a reason many of the world's most valuable companies, including Microsoft (NASDAQ: MSFT), Nvidia, and Apple, ventured into the lucrative arena. No matter the economic climate, there is almost always demand for new gaming content and hardware upgrades, offering companies and their investors reliable gains over the long term. Here are three top gaming stocks to buy in January. 1. Advanced Micro Devices Shares of Advanced Micro Devices (NASDAQ: AMD) are up 127% over the last 12 months as the company impressed Wall Street with its artificial intelligence (AI) efforts. However, long before the company's venture into AI, AMD was a crucial fixture in the gaming community. The tech giant's computing hardware, including graphics processing units (GPUs) and central processing units (CPUs), is used by gamers worldwide to build high-powered gaming PCs. AMD's chips allow consumers to play demanding titles at far higher settings than possible on consoles. However, that hasn't stopped the company from also carving out a lucrative role in the console market. AMD is the exclusive supplier of chips to Sony's PlayStation 5 and Microsoft's Xbox Series X|S, two of the best-selling consoles of the last few years. AMD's success in video gaming pushed revenue in its gaming segment rise 30% to $1.5 billion over the last five years, with operating income up 72% to $208 million. Data by YCharts AMD looks too expensive with a forward price-to-earnings ratio (P/E) of 55. However, this table shows AMD's earnings could hit $5 per share by fiscal 2025. Multiplying that figure by the company's forward P/E gives a stock price of $275, projecting growth of 87% over the next two fiscal years. And with that, AMD is an attractive way to invest in gaming this month. 2. Microsoft As the home of the Xbox, Microsoft is one of the biggest names in video games. The company launched the brand with its first console in 2001, debuting as an underdog in an industry long dominated by Japanese firms Sony and Nintendo. However, Microsoft played to its strengths, using its skills in software to approach the market in a unique way. The tech giant was one of the first to launch a video game subscription service with Xbox Game Pass, which landed on the scene in 2017 and has been described as the Netflix for games. Game Pass made Xbox the best-valued console available, allowing gamers to pay one low monthly fee for access to an extensive library of new and old titles rather than paying for games individually. From 2020 to 2022, the number of Game Pass members rose 150% to 25 million. The platform's success has occurred as Microsoft acquired several game developers to boost content on the service, including purchasing Activision Blizzard (creators of Call of Duty) in 2023. Microsoft's forward P/E of 33 makes its stock a pricey option. However, as a behemoth in the video games industry, and free cash flow that hit $63 billion in 2023, the company has earned its premium price and is an attractive way to invest in video games this month. 3. Intel Intel (NASDAQ: INTC) might not be the first company that comes to mind in a discussion about gaming. However, like AMD, the chipmaker's CPUs have been heartily adopted by the video game community to run powerful gaming PCs. Additionally, in 2022, Intel took steps to diversify its position in gaming with the launch of its first consumer GPUs. Their debut had unfortunate timing, as macroeconomic headwinds had brought down the entire market. However, easing inflation last year suggests gaming GPU demand might be trending up again. In the third quarter of 2023, Intel's client computing segment (which includes gaming income) posted operating income growth of 43% to $2 billion. The company is on a promising growth trajectory, with excellent prospects in video games over the long term. Data by YCharts This chart shows Intel's earnings are projected to reach almost $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. Considering the company's current position, its shares are projected to deliver growth of 180% by fiscal 2025. Intel could be one of the smartest ways to invest in video games this January. 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 Dani Cook has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, Microsoft, Netflix, and Nvidia. The Motley Fool recommends Intel and Nintendo 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 Shares of Advanced Micro Devices (NASDAQ: AMD) are up 127% over the last 12 months as the company impressed Wall Street with its artificial intelligence (AI) efforts. However, long before the company's venture into AI, AMD was a crucial fixture in the gaming community. AMD's chips allow consumers to play demanding titles at far higher settings than possible on consoles.

Advanced Micro Devices Shares of Advanced Micro Devices (NASDAQ: AMD) are up 127% over the last 12 months as the company impressed Wall Street with its artificial intelligence (AI) efforts. However, long before the company's venture into AI, AMD was a crucial fixture in the gaming community. AMD's chips allow consumers to play demanding titles at far higher settings than possible on consoles.

Advanced Micro Devices Shares of Advanced Micro Devices (NASDAQ: AMD) are up 127% over the last 12 months as the company impressed Wall Street with its artificial intelligence (AI) efforts. However, long before the company's venture into AI, AMD was a crucial fixture in the gaming community. AMD's chips allow consumers to play demanding titles at far higher settings than possible on consoles.

AMD's chips allow consumers to play demanding titles at far higher settings than possible on consoles. Advanced Micro Devices Shares of Advanced Micro Devices (NASDAQ: AMD) are up 127% over the last 12 months as the company impressed Wall Street with its artificial intelligence (AI) efforts. However, long before the company's venture into AI, AMD was a crucial fixture in the gaming community.

170263.0

2024-01-03 00:00:00 UTC

AMD vs. Nvidia: Which AI Chip Stock Has More Upside Potential?

AMD

https://www.nasdaq.com/articles/amd-vs.-nvidia%3A-which-ai-chip-stock-has-more-upside-potential

Chip stocks, including Nvidia (NVDA) and Advanced Micro Devices (AMD) have been on an absolute tear over the last 12 months, as investors remain extremely bullish on the artificial intelligence (AI) megatrend. Both AMD and Nvidia manufacture specialized chips that help power data centers for multiple AI platforms. While Nvidia stock more than tripled in 2023, AMD stock gained 127.6% last year. www.barchart.com However, a new analyst note today warns that NVDA could be vulnerable this year as the AI hype cycle tumbles into the so-called “trough of disillusionment” phase. With tech giants taking a dive to start the new year, let’s see which semiconductor stock has more upside potential for investors right now. The Bull Case for NVDA Stock Nvidia is well-positioned to benefit from the adoption of generative AI in the upcoming decade. In fiscal Q3 of 2024 (ended in October), Nvidia reported sales of $18.1 billion, an increase of 206% year over year. The majority of these gains were driven by Nvidia’s data center segment. Despite its massive size, analysts expect the company to increase sales by 118.4% to $59 billion in fiscal 2024 (ending in January) and by 56.5% to $92.3 billion in fiscal 2025. Comparatively, adjusted earnings per share are forecast to grow by 102.5% annually in the next five years. So, priced at 24.2 times forward earnings, NVDA stock is still quite cheap, given its stellar growth estimates. Market research company Gartner (IT) forecasts AI chip sales to surge to $67 billion in 2024, an increase of 25% year over year. Nvidia currently has a market share of almost 80% in this vertical, which means the business should generate revenue of around $54 billion in the next 12 months. These numbers could easily move higher if demand for AI chips continues to grow at an exponential rate. Out of the 35 analysts covering NVDA stock, 30 recommend “strong buy,” three recommend “moderate buy,” and two recommend “hold.” The average target price for NVDA is $653, indicating an upside potential of 37% from current levels. www.barchart.com The Bull Case for AMD Stock Valued at $221.7 billion by market cap, AMD has been among the hottest tech stocks in the past decade, rising a whopping 3,710% since January 2014. AMD’s CEO, Lisa Su, forecasts the data center AI chip vertical to grow from $45 billion in 2023 to $400 billion in 2027, providing it with enough room to grow its top line in the next four years. In addition to AI, AMD is poised to benefit from growth in its legacy businesses, such as graphics and enterprise processors. Similar to several other tech stocks, AMD wrestled with slowing PC sales, higher costs, elevated interest rates, and lower enterprise spending. It also faced challenges in China, due to restrictions on exports by the U.S. government. Due to a challenging macro environment, AMD’s sales are forecast to decline by 4% year over year to $22.65 billion in 2023. However, revenue might rise by 16.6% to $26.4 billion in 2024. Comparatively, adjusted earnings per share is forecast to expand from $2.65 in 2023 to $3.73 in 2024. Priced at 39.5 times forward earnings, AMD trades at a much higher multiple compared to NVDA. However, it's growing at a much slower pace. Out of the 29 analysts covering AMD stock, 23 recommend “strong buy,” one recommends “moderate buy,” and five recommend “hold.” However, the average target price for AMD is $135.07, which is fractionally below the stock's current levels - suggesting that Wall Street sees more upside ahead for NVDA relative to AMD over the next year. www.barchart.com On the date of publication, Aditya Raghunath 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.

Chip stocks, including Nvidia (NVDA) and Advanced Micro Devices (AMD) have been on an absolute tear over the last 12 months, as investors remain extremely bullish on the artificial intelligence (AI) megatrend. Similar to several other tech stocks, AMD wrestled with slowing PC sales, higher costs, elevated interest rates, and lower enterprise spending. Both AMD and Nvidia manufacture specialized chips that help power data centers for multiple AI platforms.

AMD’s CEO, Lisa Su, forecasts the data center AI chip vertical to grow from $45 billion in 2023 to $400 billion in 2027, providing it with enough room to grow its top line in the next four years. Out of the 29 analysts covering AMD stock, 23 recommend “strong buy,” one recommends “moderate buy,” and five recommend “hold.” However, the average target price for AMD is $135.07, which is fractionally below the stock's current levels - suggesting that Wall Street sees more upside ahead for NVDA relative to AMD over the next year. Chip stocks, including Nvidia (NVDA) and Advanced Micro Devices (AMD) have been on an absolute tear over the last 12 months, as investors remain extremely bullish on the artificial intelligence (AI) megatrend.

www.barchart.com The Bull Case for AMD Stock Valued at $221.7 billion by market cap, AMD has been among the hottest tech stocks in the past decade, rising a whopping 3,710% since January 2014. AMD’s CEO, Lisa Su, forecasts the data center AI chip vertical to grow from $45 billion in 2023 to $400 billion in 2027, providing it with enough room to grow its top line in the next four years. Out of the 29 analysts covering AMD stock, 23 recommend “strong buy,” one recommends “moderate buy,” and five recommend “hold.” However, the average target price for AMD is $135.07, which is fractionally below the stock's current levels - suggesting that Wall Street sees more upside ahead for NVDA relative to AMD over the next year.

While Nvidia stock more than tripled in 2023, AMD stock gained 127.6% last year. AMD’s CEO, Lisa Su, forecasts the data center AI chip vertical to grow from $45 billion in 2023 to $400 billion in 2027, providing it with enough room to grow its top line in the next four years. Chip stocks, including Nvidia (NVDA) and Advanced Micro Devices (AMD) have been on an absolute tear over the last 12 months, as investors remain extremely bullish on the artificial intelligence (AI) megatrend.

170242.0

2024-01-04 00:00:00 UTC

Intel Will Take Another Swing at Nvidia and AMD in 2024

AMD

https://www.nasdaq.com/articles/intel-will-take-another-swing-at-nvidia-and-amd-in-2024

The graphics card market is no longer a duopoly. Intel (NASDAQ: INTC) launched its first discrete family of graphics cards in late 2022. While the launch was bumpy, the company managed to offer a compelling value proposition for gamers in the budget portion of the market. Nvidia (NASDAQ: NVDA) is still the market leader by far, and Advanced Micro Devices (NASDAQ: AMD) is in a distant second place. Intel has gained a small foothold, but only in the budget portion of the market. The company's issues with buggy software drivers, particularly soon after launch, have likely driven some gamers away. Another shot in 2024 Intel's first generation of graphics cards made no attempt to compete with Nvidia and AMD at higher price points. The Arc A750 sells today for around $210, and the Arc A770 goes for around $320, although prices have dipped lower at times. These cards are competitive for the price, although performance can be inconsistent due to nagging driver issues. Helping Intel in 2023 were lackluster mid-range graphics card launches from both Nvidia and AMD. Nvidia's RTX 4060 and RTX 4060 Ti came with limitations and high price tags. Tom's Hardware concluded that the priciest variant was "overpriced for what you get, much like most of the rest of Nvidia's current RTX 40-series lineup." AMD's efforts weren't much better. The RX 7600 wasn't much of an upgrade over previous models, and the value proposition, compared to last-gen products, was weak, even after a last-minute price cut. While Nvidia is expected to roll out a product refresh soon, genuinely new mid-range graphics cards from Nvidia and AMD likely won't be coming until 2025. The gap between Nvidia's RTX 3060 and RTX 4060 was more than two years, and the RTX 4060 has only been on the market since mid-2023. AMD may fill in some gaps in its lineup in 2024, but next-generation products are likely a ways off. Intel's next-generation graphics cards, codenamed Battlemage, are expected to arrive sometime in 2024. With Battlemage, Intel is expected to move up into the enthusiast portions of the market that its first-generation products avoided. While Intel probably won't be going toe-to-toe with Nvidia's highest-end products, Battlemage should appeal to a broader swath of gamers. Intel proved with its first-generation products that it can produce capable graphics hardware. With its second-generation products, it must prove that it's committed enough to the market to continually improve its software and eliminate the bugs and inconsistencies that have been holding it back. A multibillion-dollar opportunity Jon Peddie Research expects the market for discrete graphics cards to grow to $39 billion by 2026. That estimate was thrown out in late 2022 before the artificial intelligence (AI) bonanza caused demand for data center GPUs to explode. Considering just the market for graphics cards aimed at gaming, however, that's likely still a reasonable estimate. In addition to winning a portion of the graphics card market, Intel's increased work on graphics can benefit it in other ways. The company's Meteor Lake CPUs, which launched in December for laptops, feature revamped integrated GPUs that deliver enormous performance gains. One set of benchmarks, for example, shows a 33% performance gain and a doubling of power efficiency over previous-generation models. Intel has long lagged AMD in terms of integrated graphics performance, but that gap now appears to be closing. While Intel's initial graphics card launch didn't go smoothly, the software situation has greatly improved over the past year. Whenever the company manages to get Battlemage out the door, it will be in a good position to increase its market share and cement its status as a viable alternative to Nvidia and 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 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.

Whenever the company manages to get Battlemage out the door, it will be in a good position to increase its market share and cement its status as a viable alternative to Nvidia and AMD. Nvidia (NASDAQ: NVDA) is still the market leader by far, and Advanced Micro Devices (NASDAQ: AMD) is in a distant second place. Another shot in 2024 Intel's first generation of graphics cards made no attempt to compete with Nvidia and AMD at higher price points.

While Nvidia is expected to roll out a product refresh soon, genuinely new mid-range graphics cards from Nvidia and AMD likely won't be coming until 2025. Nvidia (NASDAQ: NVDA) is still the market leader by far, and Advanced Micro Devices (NASDAQ: AMD) is in a distant second place. Another shot in 2024 Intel's first generation of graphics cards made no attempt to compete with Nvidia and AMD at higher price points.

While Nvidia is expected to roll out a product refresh soon, genuinely new mid-range graphics cards from Nvidia and AMD likely won't be coming until 2025. Nvidia (NASDAQ: NVDA) is still the market leader by far, and Advanced Micro Devices (NASDAQ: AMD) is in a distant second place. Another shot in 2024 Intel's first generation of graphics cards made no attempt to compete with Nvidia and AMD at higher price points.

Helping Intel in 2023 were lackluster mid-range graphics card launches from both Nvidia and AMD. While Nvidia is expected to roll out a product refresh soon, genuinely new mid-range graphics cards from Nvidia and AMD likely won't be coming until 2025. Nvidia (NASDAQ: NVDA) is still the market leader by far, and Advanced Micro Devices (NASDAQ: AMD) is in a distant second place.

170243.0

2024-01-04 00:00:00 UTC

Where Superstar Investor David Tepper Has $5.1 Billion Invested

AMD

https://www.nasdaq.com/articles/where-superstar-investor-david-tepper-has-%245.1-billion-invested

David Tepper is a billionaire investor who runs the Appaloosa investment fund. He reports his holdings quarterly, and investors can learn a lot from where the money is coming from and where it's going. In this video, Travis Hoium covers the biggest holdings in Tepper's fund and where he is seeing big opportunities in the market. *Stock prices used were end-of-day prices of Dec. 28, 2023. The video was published on Jan. 3, 2024. Should you invest $1,000 in Microsoft right now? Before you buy stock in Microsoft, 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 Microsoft 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. Travis Hoium has positions in Alphabet and Intel. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, FedEx, Microsoft, Nvidia, Qualcomm, Taiwan Semiconductor Manufacturing, and Uber Technologies. The Motley Fool recommends Alibaba Group 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. Travis Hoium 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 this video, Travis Hoium covers the biggest holdings in Tepper's fund and where he is seeing big opportunities in the market. 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, FedEx, Microsoft, Nvidia, Qualcomm, Taiwan Semiconductor Manufacturing, and Uber Technologies.

Before you buy stock in Microsoft, 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 Microsoft 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 recommends Alibaba Group 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.

Before you buy stock in Microsoft, 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 Microsoft 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 recommends Alibaba Group 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.

In this video, Travis Hoium covers the biggest holdings in Tepper's fund and where he is seeing big opportunities in the market. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. Travis Hoium has positions in Alphabet and Intel.

170244.0

2024-01-04 00:00:00 UTC

Guru Fundamental Report for AMD

AMD

https://www.nasdaq.com/articles/guru-fundamental-report-for-amd-63

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.

170245.0

2024-01-04 00:00:00 UTC

3 Reasons I'm Passing On Super Micro Computer Stock in 2024

AMD

https://www.nasdaq.com/articles/3-reasons-im-passing-on-super-micro-computer-stock-in-2024

Server and storage system manufacturer Super Micro Computer (NASDAQ: SMCI) has gone from an under-followed value stock to a top pick among investors looking to bet on artificial intelligence (AI). 2023 was an excellent year: The stock soared nearly 250% higher. By all indications, Super Micro could still be a great value right now. But I'm passing once again on this data center and enterprise compute manufacturer. Here are three reasons why. 1. Super Micro is sitting on a massive opportunity, but so is everyone else Super Micro's head of steam has been building thanks to generative AI. Chip companies like Nvidia (NASDAQ: NVDA), AMD (NASDAQ: AMD), and Intel (NASDAQ: INTC) have been tapping the manufacturer to assemble servers (a powerful computer that gets installed in a data center or business office) that power AI applications. It's also getting in on the Arm Holdings data center server game and has a new lineup of servers using chip design start-up Ampere Computing Arm-based chips. Super Micro just upgraded its revenue guidance for 2024, with expectations for it to be in a range between $10 billion and $11 billion -- versus $9.5 billion to $10.5 billion before. The dramatic rise thanks to AI is especially clear when viewing sales over the last five years. Super Micro was hauling in only a few billion dollars in revenue just three years ago. Data by YCharts. However, Super Micro competes against many other companies that design and assemble servers and storage devices on behalf of its semiconductor design and manufacturing partners. Competitors include Cisco Systems, Dell Technologies, Hewlett Packard Enterprise, and a growing presence in the server market from equipment and design manufacturers in Asia like Foxconn and Inspur. All these peers are also sitting on a massive generative AI opportunity. Super Micro is clearly a standout as it has gone from a small and relatively unknown company to a hot stock riding the AI wave. But I can't ignore the hotly competitive field that Super Micro battles in. 2. It's all about forward earnings growth, but not Super Micro's own growth At this point, given the sustained growth Super Micro is expecting, many investors are drawn to the cheap valuation -- especially when comparing it to the premium price chip stocks like Nvidia and AMD are fetching these days. Indeed, Super Micro could be a great long-term value right now. Shares trade for 26 times trailing 12-month earnings per share (EPS), but only 16 times expected EPS for fiscal 2024. That compares to the respective 24 and 27 times expected EPS for Nvidia and AMD for next year. Data by YCharts. However, Super Micro's growth is not coming from its own efforts. Rather, it's riding the coattails of others, primarily leaders in semiconductor design, as it makes hay from the AI movement. No matter how you slice it, Super Micro is dependent on ultimate sales of AI servers powered by partners like Nvidia and AMD, making it a type of derivative bet on those businesses' performance. That's a big reason for the relative discount on Super Micro stock. 3. Super Micro admits it has some key disadvantages Nevertheless, Super Micro is raking in the chips thanks to AI, and its stock is a relative value. So why not just buy? For me, it's all about the business model. Super Micro is not in full control of its own destiny. It could be very cheap if growth continues, but that growth and resulting profitability will be dependent on chip design partners Nvidia, AMD, and the like -- and less on Super Micro's own execution. Again, by Super Micro's own admission in its financial filings, it has limited ability to stave off competitors over the long term. In the last annual filing, Super Micro said the following (italics inserted by me): We seek to protect our intellectual property rights with a combination of patents, trademarks, copyrights, trade secret laws, and disclosure restrictions. We rely primarily on trade secrets, technical know-how, and other unpatented proprietary information relating to our design and product development activities. In other words, the majority of Super Micro's work has no patent protection, which is a key item I look for when investing in hardware-based businesses (like semiconductor stocks). Although Super Micro certainly has its own proprietary way of designing and assembling enterprise computing and storage systems, few of those processes are granted patent and intellectual property (IP) protection. Again, by Super Micro's own admission in its last annual filing: Our industry is marked by a large number of patents, copyrights, trade secrets and trademarks and by frequent litigation based on allegations of infringement or other violation of intellectual property rights. Our primary competitors have substantially greater numbers of issued patents than we have which may position us less favorably in the event of any claims or litigation with them. Other third parties have in the past sent us correspondence regarding their intellectual property or filed claims that our products infringe or violate third parties' intellectual property rights. In addition, increasingly non-operating companies are purchasing patents and bringing claims against technology companies. We have been subject to several such claims and may be subject to such claims in the future. When looking for a long-term investment in AI, and in whatever other mega trends lie ahead for the greater IT sector, I can't say "yes" to owning every stock. This kind of risk and lack of competitive differentiation inherent in Super Micro's business model just doesn't cut it for me. Besides, I already own ample shares of Nvidia, AMD, and data center design leader Arista Networks, so buying Super Micro would offer little in the form of portfolio diversification for me. I understand the draw to Super Micro stock as 2024 gets underway, and the swarm of investors betting on the company could be right in assuming it will be a big beneficiary from the AI movement. But as for me, I'm passing on Super Micro stock again in 2024. 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 the S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Nicholas Rossolillo and his clients have positions in Advanced Micro Devices, Arista Networks, and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices, Arista Networks, Cisco Systems, 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.

No matter how you slice it, Super Micro is dependent on ultimate sales of AI servers powered by partners like Nvidia and AMD, making it a type of derivative bet on those businesses' performance. Chip companies like Nvidia (NASDAQ: NVDA), AMD (NASDAQ: AMD), and Intel (NASDAQ: INTC) have been tapping the manufacturer to assemble servers (a powerful computer that gets installed in a data center or business office) that power AI applications. It's all about forward earnings growth, but not Super Micro's own growth At this point, given the sustained growth Super Micro is expecting, many investors are drawn to the cheap valuation -- especially when comparing it to the premium price chip stocks like Nvidia and AMD are fetching these days.

Besides, I already own ample shares of Nvidia, AMD, and data center design leader Arista Networks, so buying Super Micro would offer little in the form of portfolio diversification for me. Chip companies like Nvidia (NASDAQ: NVDA), AMD (NASDAQ: AMD), and Intel (NASDAQ: INTC) have been tapping the manufacturer to assemble servers (a powerful computer that gets installed in a data center or business office) that power AI applications. It's all about forward earnings growth, but not Super Micro's own growth At this point, given the sustained growth Super Micro is expecting, many investors are drawn to the cheap valuation -- especially when comparing it to the premium price chip stocks like Nvidia and AMD are fetching these days.

It's all about forward earnings growth, but not Super Micro's own growth At this point, given the sustained growth Super Micro is expecting, many investors are drawn to the cheap valuation -- especially when comparing it to the premium price chip stocks like Nvidia and AMD are fetching these days. Chip companies like Nvidia (NASDAQ: NVDA), AMD (NASDAQ: AMD), and Intel (NASDAQ: INTC) have been tapping the manufacturer to assemble servers (a powerful computer that gets installed in a data center or business office) that power AI applications. That compares to the respective 24 and 27 times expected EPS for Nvidia and AMD for next year.

Besides, I already own ample shares of Nvidia, AMD, and data center design leader Arista Networks, so buying Super Micro would offer little in the form of portfolio diversification for me. Chip companies like Nvidia (NASDAQ: NVDA), AMD (NASDAQ: AMD), and Intel (NASDAQ: INTC) have been tapping the manufacturer to assemble servers (a powerful computer that gets installed in a data center or business office) that power AI applications. It's all about forward earnings growth, but not Super Micro's own growth At this point, given the sustained growth Super Micro is expecting, many investors are drawn to the cheap valuation -- especially when comparing it to the premium price chip stocks like Nvidia and AMD are fetching these days.

170246.0

2024-01-04 00:00:00 UTC

The Nasdaq-100 Just Had Its Best Year Since 1999: Here Are 3 Stocks Wall Street Thinks Will Soar Another 29% or More in 2024

AMD

https://www.nasdaq.com/articles/the-nasdaq-100-just-had-its-best-year-since-1999%3A-here-are-3-stocks-wall-street-thinks

Party like it's 1999: That's what many stocks in the Nasdaq-100 did in 2023. The index delivered its biggest gains since the end of the 20th century, skyrocketing nearly 54%. The sizzling momentum could fade for some Nasdaq stocks. Others, though, could keep the good times rolling, and some laggards could rebound, based on analysts' projections. Here are three Nasdaq-100 stocks Wall Street thinks will soar another 29% or more in 2024. 1. Warner Bros. Discovery Warner Bros. Discovery (NASDAQ: WBD) started 2023 with a bang, with its shares jumping as much as 68% by late February. Although the stock subsequently gave up much of those early gains, it still ended the year up 20%. Several analysts look for Warner Bros. Discovery to bounce back in 2024. The average 12-month price target is 36% above the company's current share price. The big story for Warner Bros. Discovery right now is its discussions about a potential merger with Paramount Global. A combination of the two companies would create an entertainment giant but would also increase Warner Bros. Discovery's debt load. With Warner's total debt already approaching $45 billion, it's understandable why investors aren't exactly enamored with the idea of a merger with Paramount. Should a deal be announced, we could see some revisions to Wall Street's price targets. 2. Nvidia Nvidia (NASDAQ: NVDA) ranked as the hottest Nasdaq-100 stock last year. Shares of the chipmaker more than tripled on surging demand for its graphics processing units (GPUs). Wall Street doesn't expect Nvidia to keep up that torrid pace in 2024. But analysts nonetheless anticipate another great performance. The consensus 12-month price target reflects an upside potential of 33%. The boom in generative artificial intelligence (AI) shows no signs of ending anytime soon. That should translate into sustained demand for Nvidia's GPUs, which are widely viewed as the gold standard for powering AI apps. There's one potential fly in the ointment, though. Rivals including Advanced Micro Devices and customers such as Alphabet's Google Cloud are rolling out their own powerful AI chips. Nvidia's almost total dominance of the market might come to an end in the not-too-distant future. 3. PayPal Holdings Not every Nasdaq-100 stock was a solid winner in 2023. PayPal Holdings' (NASDAQ: PYPL) shares sank nearly 14% last year after plunging 62% in 2022. The fintech pioneer could have a light at the end of the tunnel, though, if Wall Street is right. The average analysts' 12-month price target for PayPal is more than 29% above the current share price. Despite the dismal stock performance in recent years, PayPal's underlying business appears to be in pretty good shape. The company's net revenue rose 8% year over year in the third quarter of 2023. Adjusted earnings per share soared 20%. Total payment volume jumped 15%. There's still uncertainty for PayPal, though. The company has a new leadership team. Competition in the digital payments market is intensifying. Its business loans portfolio has deteriorated. But with a price/earnings-to-growth (PEG) ratio of only 0.51, PayPal's valuation looks quite attractive and reflects analysts' expectations of more robust growth in the future. Should you invest $1,000 in PayPal right now? Before you buy stock in PayPal, 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 PayPal 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. Keith Speights has positions in Alphabet and PayPal. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Nvidia, PayPal, and Warner Bros. Discovery. The Motley Fool recommends the following options: short March 2024 $67.50 calls on PayPal. 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.

That should translate into sustained demand for Nvidia's GPUs, which are widely viewed as the gold standard for powering AI apps. Rivals including Advanced Micro Devices and customers such as Alphabet's Google Cloud are rolling out their own powerful AI chips. Despite the dismal stock performance in recent years, PayPal's underlying business appears to be in pretty good shape.

The average 12-month price target is 36% above the company's current share price. Before you buy stock in PayPal, 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 PayPal wasn't one of them. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Nvidia, PayPal, and Warner Bros.

The average analysts' 12-month price target for PayPal is more than 29% above the current share price. Before you buy stock in PayPal, 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 PayPal wasn't one of them. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Nvidia, PayPal, and Warner Bros.

Several analysts look for Warner Bros. Before you buy stock in PayPal, 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 PayPal wasn't one of them. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Nvidia, PayPal, and Warner Bros.

170247.0

2024-01-04 00:00:00 UTC

TipRanks’ All-Star Analyst – Who is the Best on AMD Stock?

AMD

https://www.nasdaq.com/articles/tipranks-all-star-analyst-who-is-the-best-on-amd-stock-1

Analyst Gus Richard of Northland Securities has been awarded the TipRanks All-Star Analyst of the Day title. Remarkably, the Top-rated Analyst holds an impressive rank of #67 out of the 8,653 Wall Street analysts tracked by TipRanks. One of the prominent stocks in his coverage is Advanced Micro Devices (NASDAQ:AMD), for which he is recognized as the Most Accurate and Profitable analyst. AMD is a semiconductor company specializing in high-performance computing and graphics solutions. Most Profitable and Accurate Analyst on AMD Stock When we look at Richard’s recommendation for AMD, we see that over the past year, Richard has had an 91% success rate on the stock. Plus, he has earned an impressive average return of 86.1% in the said period. To date, Richard’s most profitable rating was a Buy on AMD itself. The analyst earned a massive 575.7% return on the call between February 29, 2016, and February 28, 2017. Richard primarily focuses on covering the technology sector in the U.S. market. On an overall basis, copying Richard’s trades and holding them for a year could give you an average return of 21.3%, with 62% of the trades yielding a profit! Following phenomenally successful analysts’ ratings can add profit to your portfolio. Find the best analyst to follow for any stock by scrolling down to the “Best Analyst Covering” feature on its Analyst Forecast page. To follow the best Wall Street analysts, take a look at the list of Top Analysts on TipRanks. Disclosure The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

One of the prominent stocks in his coverage is Advanced Micro Devices (NASDAQ:AMD), for which he is recognized as the Most Accurate and Profitable analyst. AMD is a semiconductor company specializing in high-performance computing and graphics solutions. Most Profitable and Accurate Analyst on AMD Stock When we look at Richard’s recommendation for AMD, we see that over the past year, Richard has had an 91% success rate on the stock.

Most Profitable and Accurate Analyst on AMD Stock When we look at Richard’s recommendation for AMD, we see that over the past year, Richard has had an 91% success rate on the stock. One of the prominent stocks in his coverage is Advanced Micro Devices (NASDAQ:AMD), for which he is recognized as the Most Accurate and Profitable analyst. AMD is a semiconductor company specializing in high-performance computing and graphics solutions.

Most Profitable and Accurate Analyst on AMD Stock When we look at Richard’s recommendation for AMD, we see that over the past year, Richard has had an 91% success rate on the stock. One of the prominent stocks in his coverage is Advanced Micro Devices (NASDAQ:AMD), for which he is recognized as the Most Accurate and Profitable analyst. AMD is a semiconductor company specializing in high-performance computing and graphics solutions.

Most Profitable and Accurate Analyst on AMD Stock When we look at Richard’s recommendation for AMD, we see that over the past year, Richard has had an 91% success rate on the stock. One of the prominent stocks in his coverage is Advanced Micro Devices (NASDAQ:AMD), for which he is recognized as the Most Accurate and Profitable analyst. AMD is a semiconductor company specializing in high-performance computing and graphics solutions.

170248.0

2024-01-04 00:00:00 UTC

US STOCKS-Futures listless ahead of jobs data, Apple slips

AMD

https://www.nasdaq.com/articles/us-stocks-futures-listless-ahead-of-jobs-data-apple-slips

By Johann M Cherian and Shristi Achar A Jan 4 (Reuters) - Futures tracking the S&P 500 and Nasdaq were largely subdued on Thursday as investors awaited more U.S. economic data for cues on the Federal Reserve's monetary easing path, while Apple slipped following a rating downgrade. Wall Street stumbled in the first two sessions of 2024, with the benchmark S&P 500 .SPX notching its worst two-day performance since late October as investors booked profits after a blistering rally last year. Hopes that the Fed could start interest rate cuts this year had driven much of the gains towards the end of 2023, though the latest minutes from the central bank's December policy meeting did not offer many clues on when the easing might commence. "Those inclined to believe a pivot to lower rates is on the way could take reassurance from indications the central bank thinks inflation is under control," said Russ Mould, investment director at AJ Bell. "Anyone more cautious on the prospects for near-term rate cuts could point to a (Fed) reference to maintaining a restrictive stance 'for some time'." Traders now see a 68.3% chance for at least a 25 basis points (bps) rate cut in March and a near 94% probability for May, according to the CME Group's FedWatch tool. Yields on U.S. Treasury tenors, an indicator of interest rate expectations, edged up, with the yield on the benchmark 10-year note US10YT=RR climbing to 3.964%. US/ Investors now await the ADP National Employment Report due at 8:15 a.m. ET, and a key jobs report on Friday, both of which could shed some light on the health of the labor market and influence expectations on the rate trajectory. Also on tap are initial jobless claims data for the week ended Dec. 30 and December S&P services sector activity data. AppleAAPL.O was the only megacap stock in the red, down 0.7% in premarket trading, after brokerage Piper Sandler downgraded the iPhone maker to "neutral" from "overweight", days after Barclays also cut its rating. Micron TechnologyMU.O rose 1.1% after brokerage Piper Sandler upgraded its recommendation on the chipmaker to "overweight" from "neutral". At 7:04 a.m. ET, Dow e-minis 1YMcv1 were up 41 points, or 0.11%, S&P 500 e-minis EScv1 were down 1.5 points, or 0.03%, and Nasdaq 100 e-minis NQcv1 were down 23 points, or 0.14%. Among other movers, sportswear makers Nike NKE.N and Foot Locker FL.N shed 1.2% and 2.4%, respectively, after UK retailer JD SportsJD.L lowered its annual profit forecast. Dow component Walgreens Boots Alliance WBA.O added 3.3% after reporting better-than-expected profit for the first quarter on strength in its pharmacy operations. MattelMAT.O dropped 1.5% after brokerage Roth MKM downgraded the Barbie doll maker to "neutral". Fubotv FUBO.N gained 2.4% after the sports TV streaming platform and Nexstar Media NXST.O reached a new multi-year distribution agreement. (Reporting by Johann M Cherian and Shristi Achar A in Bengaluru; Editing by Devika Syamnath) ((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.

By Johann M Cherian and Shristi Achar A Jan 4 (Reuters) - Futures tracking the S&P 500 and Nasdaq were largely subdued on Thursday as investors awaited more U.S. economic data for cues on the Federal Reserve's monetary easing path, while Apple slipped following a rating downgrade. Wall Street stumbled in the first two sessions of 2024, with the benchmark S&P 500 .SPX notching its worst two-day performance since late October as investors booked profits after a blistering rally last year. Hopes that the Fed could start interest rate cuts this year had driven much of the gains towards the end of 2023, though the latest minutes from the central bank's December policy meeting did not offer many clues on when the easing might commence.

Yields on U.S. Treasury tenors, an indicator of interest rate expectations, edged up, with the yield on the benchmark 10-year note US10YT=RR climbing to 3.964%. AppleAAPL.O was the only megacap stock in the red, down 0.7% in premarket trading, after brokerage Piper Sandler downgraded the iPhone maker to "neutral" from "overweight", days after Barclays also cut its rating. ET, Dow e-minis 1YMcv1 were up 41 points, or 0.11%, S&P 500 e-minis EScv1 were down 1.5 points, or 0.03%, and Nasdaq 100 e-minis NQcv1 were down 23 points, or 0.14%.

By Johann M Cherian and Shristi Achar A Jan 4 (Reuters) - Futures tracking the S&P 500 and Nasdaq were largely subdued on Thursday as investors awaited more U.S. economic data for cues on the Federal Reserve's monetary easing path, while Apple slipped following a rating downgrade. Hopes that the Fed could start interest rate cuts this year had driven much of the gains towards the end of 2023, though the latest minutes from the central bank's December policy meeting did not offer many clues on when the easing might commence. AppleAAPL.O was the only megacap stock in the red, down 0.7% in premarket trading, after brokerage Piper Sandler downgraded the iPhone maker to "neutral" from "overweight", days after Barclays also cut its rating.

By Johann M Cherian and Shristi Achar A Jan 4 (Reuters) - Futures tracking the S&P 500 and Nasdaq were largely subdued on Thursday as investors awaited more U.S. economic data for cues on the Federal Reserve's monetary easing path, while Apple slipped following a rating downgrade. Wall Street stumbled in the first two sessions of 2024, with the benchmark S&P 500 .SPX notching its worst two-day performance since late October as investors booked profits after a blistering rally last year. ET, Dow e-minis 1YMcv1 were up 41 points, or 0.11%, S&P 500 e-minis EScv1 were down 1.5 points, or 0.03%, and Nasdaq 100 e-minis NQcv1 were down 23 points, or 0.14%.

170249.0

2024-01-04 00:00:00 UTC

US STOCKS-S&P 500, Nasdaq muted after upbeat private payrolls data

AMD

https://www.nasdaq.com/articles/us-stocks-sp-500-nasdaq-muted-after-upbeat-private-payrolls-data

By Johann M Cherian and Shristi Achar A Jan 4 (Reuters) - The benchmark S&P 500 and the Nasdaq were subdued on Thursday after a jobs report indicated resilience in the labor market, tempering expectations of how early interest-rate cuts could begin. Wall Street stumbled in the first two sessions of 2024, with the S&P 500 .SPX notching its worst two-day performance since late October as investors booked profits after a blistering rally last year. Bets that the Federal Reserve could start reducing interest rates this year had driven much of the gains towards the end of 2023, though the latest minutes from the central bank's December policy meeting did not offer many clues on when the easing might commence. Traders see a 66.4% chance for at least a 25-basis point (bps) rate cut in March and a near 92% probability for May, according to the CME Group's FedWatch tool. An ADP National Employment report showed U.S. private employers hired more workers than expected in December, pointing to persistent strength in the labor market that should continue to sustain the economy. "This plays into the hands of whoever is expecting a soft landing. But let's not forget that we've had a big rally so what we're seeing, what we saw in the past couple of days, was a technical adjustment." Separately, a weekly Labor Department reportshowed more Americans filed for state unemployment claims than expected. Yields on longer-dated U.S. Treasury tenors rose after the data, with the yield on the benchmark 10-year note US10YT=RR climbing to 3.991%. US/ Investors also assessed the S&P Global's final reading of composite PMI data for December at 50.9, compared with a preliminary reading of 51.0. Dow component MerckMRK.N added 1.7% after TD Cowen upgraded the drugmaker to "outperform" on growth prospects. At 9:50 a.m. ET, the Dow Jones Industrial Average .DJI was up 102.81 points, or 0.27%, at 37,533.00, the S&P 500 .SPX was up 0.60 points, or 0.01%, at 4,705.41, and the Nasdaq Composite .IXIC was down 54.92 points, or 0.38%, at 14,537.30. Micron TechnologyMU.O gained 1.1% after brokerage Piper Sandler upgraded its recommendation on the chipmaker to "overweight". Mobileye GlobalMBLY.O sank 26.3% after forecasting preliminary fiscal 2024 revenue below estimates. Walgreens Boots AllianceWBA.O reversed premarket gains to shed 10.9% after the U.S. pharmacy chain nearly halved its dividend. Advancing issues outnumbered decliners by a 1.10-to-1 ratio on the NYSE and by a 1.02-to-1 ratio on the Nasdaq. The S&P index recorded 13 new 52-week highs and no new low, while the Nasdaq recorded 14 new highs and 30 new lows. (Reporting by Johann M Cherian and Shristi Achar A in Bengaluru; Editing by Devika Syamnath) ((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.

By Johann M Cherian and Shristi Achar A Jan 4 (Reuters) - The benchmark S&P 500 and the Nasdaq were subdued on Thursday after a jobs report indicated resilience in the labor market, tempering expectations of how early interest-rate cuts could begin. Wall Street stumbled in the first two sessions of 2024, with the S&P 500 .SPX notching its worst two-day performance since late October as investors booked profits after a blistering rally last year. Bets that the Federal Reserve could start reducing interest rates this year had driven much of the gains towards the end of 2023, though the latest minutes from the central bank's December policy meeting did not offer many clues on when the easing might commence.

By Johann M Cherian and Shristi Achar A Jan 4 (Reuters) - The benchmark S&P 500 and the Nasdaq were subdued on Thursday after a jobs report indicated resilience in the labor market, tempering expectations of how early interest-rate cuts could begin. The S&P index recorded 13 new 52-week highs and no new low, while the Nasdaq recorded 14 new highs and 30 new lows. (Reporting by Johann M Cherian and Shristi Achar A in Bengaluru; Editing by Devika Syamnath) ((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.

By Johann M Cherian and Shristi Achar A Jan 4 (Reuters) - The benchmark S&P 500 and the Nasdaq were subdued on Thursday after a jobs report indicated resilience in the labor market, tempering expectations of how early interest-rate cuts could begin. An ADP National Employment report showed U.S. private employers hired more workers than expected in December, pointing to persistent strength in the labor market that should continue to sustain the economy. ET, the Dow Jones Industrial Average .DJI was up 102.81 points, or 0.27%, at 37,533.00, the S&P 500 .SPX was up 0.60 points, or 0.01%, at 4,705.41, and the Nasdaq Composite .IXIC was down 54.92 points, or 0.38%, at 14,537.30.

By Johann M Cherian and Shristi Achar A Jan 4 (Reuters) - The benchmark S&P 500 and the Nasdaq were subdued on Thursday after a jobs report indicated resilience in the labor market, tempering expectations of how early interest-rate cuts could begin. Wall Street stumbled in the first two sessions of 2024, with the S&P 500 .SPX notching its worst two-day performance since late October as investors booked profits after a blistering rally last year. ET, the Dow Jones Industrial Average .DJI was up 102.81 points, or 0.27%, at 37,533.00, the S&P 500 .SPX was up 0.60 points, or 0.01%, at 4,705.41, and the Nasdaq Composite .IXIC was down 54.92 points, or 0.38%, at 14,537.30.

170250.0

2024-01-04 00:00:00 UTC

US STOCKS-S&P 500, Nasdaq set for lower open after jobs data; Apple slips

AMD

https://www.nasdaq.com/articles/us-stocks-sp-500-nasdaq-set-for-lower-open-after-jobs-data-apple-slips

By Johann M Cherian and Shristi Achar A Jan 4 (Reuters) - The benchmark S&P 500 and the Nasdaq were on track for a lower open on Thursday after a jobs report indicated resilience in the labor market, tempering expectations on how early interest-rate cuts could begin. Wall Street stumbled in the first two sessions of 2024, with the benchmark S&P 500 .SPX notching its worst two-day performance since late October as investors booked profits after a blistering rally last year. Bets that the Federal Reserve could start reducing interest rates this year had driven much of the gains towards the end of 2023, though the latest minutes from the central bank's December policy meeting did not offer many clues on when the easing might commence. Traders see a 66.4% chance for at least a 25-basis point (bps) rate cut in March and a near 95% probability for May, according to the CME Group's FedWatch tool. An ADP National Employment report showed U.S. private employers hired more workers than expected in December, pointing to persistent strength in the labor market that should continue to sustain the economy. "This plays into the hands of whoever is expecting a soft landing. But let's not forget that we've had a big rally so what we're seeing, what we saw in the past couple of days, was a technical adjustment." Separately, a Labor Department report showed Americans filing for state unemployment claims stood at 202,000 in the previous week, lower than expectations of 216,000 claims. Yields on longer-dated U.S. Treasury tenors rose after the data, with the yield on the benchmark 10-year note US10YT=RR climbing to 3.987%. US/ In company news, Apple AAPL.O slid 1.2% in premarket trading after brokerage Piper Sandler downgraded the iPhone maker to "neutral" from "overweight", days after Barclays also cut its rating. Micron TechnologyMU.O rose 0.5% after brokerage Piper Sandler upgraded its recommendation on the chipmaker to "overweight" from "neutral". At 8:38 a.m. ET, Dow e-minis 1YMcv1 were up 83 points, or 0.22%, S&P 500 e-minis EScv1 were down 2.25 points, or 0.05%, and Nasdaq 100 e-minis NQcv1 were down 69 points, or 0.42%. Among other movers, Mobileye GlobalMBLY.O sank 27.9% after forecasting preliminary fiscal 2024 revenue below estimates as the autonomous driving tech company expects its customers to pull back on orders as they clear excess inventory. Dow component Walgreens Boots AllianceWBA.O added 0.9% after reporting better-than-expected profit for the first quarter on strength in its pharmacy operations. Sportswear makers Nike NKE.N and Foot Locker FL.N shed 1.2% and 2.1%, respectively, after UK retailer JD SportsJD.L lowered its annual profit forecast. MattelMAT.O dropped 1.4% after brokerage Roth MKM downgraded the Barbie doll maker to "neutral". (Reporting by Johann M Cherian and Shristi Achar A in Bengaluru; Editing by Devika Syamnath) ((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.

By Johann M Cherian and Shristi Achar A Jan 4 (Reuters) - The benchmark S&P 500 and the Nasdaq were on track for a lower open on Thursday after a jobs report indicated resilience in the labor market, tempering expectations on how early interest-rate cuts could begin. Bets that the Federal Reserve could start reducing interest rates this year had driven much of the gains towards the end of 2023, though the latest minutes from the central bank's December policy meeting did not offer many clues on when the easing might commence. Among other movers, Mobileye GlobalMBLY.O sank 27.9% after forecasting preliminary fiscal 2024 revenue below estimates as the autonomous driving tech company expects its customers to pull back on orders as they clear excess inventory.

An ADP National Employment report showed U.S. private employers hired more workers than expected in December, pointing to persistent strength in the labor market that should continue to sustain the economy. US/ In company news, Apple AAPL.O slid 1.2% in premarket trading after brokerage Piper Sandler downgraded the iPhone maker to "neutral" from "overweight", days after Barclays also cut its rating. ET, Dow e-minis 1YMcv1 were up 83 points, or 0.22%, S&P 500 e-minis EScv1 were down 2.25 points, or 0.05%, and Nasdaq 100 e-minis NQcv1 were down 69 points, or 0.42%.

By Johann M Cherian and Shristi Achar A Jan 4 (Reuters) - The benchmark S&P 500 and the Nasdaq were on track for a lower open on Thursday after a jobs report indicated resilience in the labor market, tempering expectations on how early interest-rate cuts could begin. An ADP National Employment report showed U.S. private employers hired more workers than expected in December, pointing to persistent strength in the labor market that should continue to sustain the economy. US/ In company news, Apple AAPL.O slid 1.2% in premarket trading after brokerage Piper Sandler downgraded the iPhone maker to "neutral" from "overweight", days after Barclays also cut its rating.

By Johann M Cherian and Shristi Achar A Jan 4 (Reuters) - The benchmark S&P 500 and the Nasdaq were on track for a lower open on Thursday after a jobs report indicated resilience in the labor market, tempering expectations on how early interest-rate cuts could begin. Wall Street stumbled in the first two sessions of 2024, with the benchmark S&P 500 .SPX notching its worst two-day performance since late October as investors booked profits after a blistering rally last year. Bets that the Federal Reserve could start reducing interest rates this year had driven much of the gains towards the end of 2023, though the latest minutes from the central bank's December policy meeting did not offer many clues on when the easing might commence.

170251.0

2024-01-04 00:00:00 UTC

US STOCKS-Futures edge up ahead of jobs data, Apple slips

AMD

https://www.nasdaq.com/articles/us-stocks-futures-edge-up-ahead-of-jobs-data-apple-slips

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 0.09%, S&P 0.06%, Nasdaq 0.11% Jan 4 (Reuters) - U.S. stock index futures ticked up on Thursday, recovering from a grim start to the new year, as investors awaited more economic data for cues on the Federal Reserve's monetary easing path, while Apple slipped following a rating downgrade. Wall Street stumbled in the first two sessions of 2024, with the benchmark S&P 500 .SPX notching its worst two-day performance since late-October as investors booked profits after a blistering rally last year. Hopes that the Fed could start interest rate cuts this year had driven much of the gains towards the end of 2023, though the latest minutes from the central bank's December policy meeting did not offer many clues on when the easing might commence. Traders now see a 72.6% chance for at least a 25 basis points (bps) rate cut in March and a near 96% probability for May. Yields on U.S. Treasury tenors, an indicator of interest rate expectations, edged up, with the yield on the benchmark 10-year note US10YT=RR climbing to 3.955%. US/ Investors now await the ADP National Employment Report due at 8:15 a.m. ET, ahead of a key jobs report on Friday, both of which could shed some light on the health of the labor market and influence expectations on the rate trajectory. Economists polled by Reuters expect private payrolls to have increased by 115,000 in December, from a 103,000 rise the month before. Also on tap are initial jobless claims data for the week ended Dec. 30 and December S&P services sector activity data. Apple AAPL.O was the only megacap stock in the red, down 0.9% in trading before the bell, after brokerage Piper Sandler downgraded the iPhone maker to "neutral" from "overweight". Micron Technology MU.O rose 2.1% after brokerage Piper Sandler upgraded its recommendation on the chipmaker to "overweight" from "neutral". Other semiconductor stocks such as Advanced Micro Devices AMD.O and Broadcom AVGO.O also gained 0.7% and 0.8%, respectively, recovering from a recent downturn. At 5:52 a.m. ET, Dow e-minis 1YMcv1 were up 35 points, or 0.09%, S&P 500 e-minis EScv1 were up 3 points, or 0.06%, and Nasdaq 100 e-minis NQcv1 were up 17.75 points, or 0.11%. Among other movers, sportswear makers Nike NKE.N and Foot Locker FL.N shed 1.4% and 1.4% after UK retailer JD SportsJD.L lowered its annual profit forecast. Mattel MAT.O dropped 2.6% after brokerage Roth MKM downgraded the Barbie doll maker to "neutral". Fubotv FUBO.N gained 4.8% after the sports TV streaming platform and Nexstar Media NXST.O reached a new multi-year distribution agreement. (Reporting by Johann M Cherian in Bengaluru; Editing by Devika Syamnath) ((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 semiconductor stocks such as Advanced Micro Devices AMD.O and Broadcom AVGO.O also gained 0.7% and 0.8%, respectively, recovering from a recent downturn. Wall Street stumbled in the first two sessions of 2024, with the benchmark S&P 500 .SPX notching its worst two-day performance since late-October as investors booked profits after a blistering rally last year. Hopes that the Fed could start interest rate cuts this year had driven much of the gains towards the end of 2023, though the latest minutes from the central bank's December policy meeting did not offer many clues on when the easing might commence.

Other semiconductor stocks such as Advanced Micro Devices AMD.O and Broadcom AVGO.O also gained 0.7% and 0.8%, respectively, recovering from a recent downturn. Hopes that the Fed could start interest rate cuts this year had driven much of the gains towards the end of 2023, though the latest minutes from the central bank's December policy meeting did not offer many clues on when the easing might commence. Apple AAPL.O was the only megacap stock in the red, down 0.9% in trading before the bell, after brokerage Piper Sandler downgraded the iPhone maker to "neutral" from "overweight".

Other semiconductor stocks such as Advanced Micro Devices AMD.O and Broadcom AVGO.O also gained 0.7% and 0.8%, respectively, recovering from a recent downturn. Futures up: Dow 0.09%, S&P 0.06%, Nasdaq 0.11% Jan 4 (Reuters) - U.S. stock index futures ticked up on Thursday, recovering from a grim start to the new year, as investors awaited more economic data for cues on the Federal Reserve's monetary easing path, while Apple slipped following a rating downgrade. Hopes that the Fed could start interest rate cuts this year had driven much of the gains towards the end of 2023, though the latest minutes from the central bank's December policy meeting did not offer many clues on when the easing might commence.

Other semiconductor stocks such as Advanced Micro Devices AMD.O and Broadcom AVGO.O also gained 0.7% and 0.8%, respectively, recovering from a recent downturn. 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 0.09%, S&P 0.06%, Nasdaq 0.11% Jan 4 (Reuters) - U.S. stock index futures ticked up on Thursday, recovering from a grim start to the new year, as investors awaited more economic data for cues on the Federal Reserve's monetary easing path, while Apple slipped following a rating downgrade.

170252.0

2024-01-04 00:00:00 UTC

US STOCKS-Wall St climbs on financials boost; investors parse jobs data

AMD

https://www.nasdaq.com/articles/us-stocks-wall-st-climbs-on-financials-boost-investors-parse-jobs-data

By Johann M Cherian and Shristi Achar A Jan 4 (Reuters) - Wall Street rose on Thursday, boosted by gains in financial stocks, while strong jobs data prompted investors to tweak their expectations of how early interest-rate cuts could begin. The recovery in the three main U.S. stock indexes follows a downbeat start to 2024, with the S&P 500 .SPX notching its worst two-day performance since late October as investors booked profits after a blistering rally last year. Bets that the Federal Reserve could start reducing interest rates this year had driven much of the gains towards the end of 2023, though the latest minutes from the central bank's December policy meeting did not offer many clues on when the easing might commence. Traders see a 66.4% chance for at least a 25-basis point (bps) rate cut in March and a near 93% probability for May, according to the CME Group's FedWatch tool. Financials .SPSY led gains among the S&P 500 sectors with a 1.1% rise, underpinned by a 3.4% advance in Allstate ALL.N after Morgan Stanley lifted its rating on the insurer to "overweight". An ADP National Employment report showed U.S. private employers hired more workers than expected in December, pointing to persistent strength in the labor market that should continue to sustain the economy. Private payrolls increased by 164,000 in December, compared with a 101,000 rise the month before. The report comes ahead of the official employment data due on Friday. "Today's numbers were a little muted, they weren't something that says, we need to cut rates tomorrow," said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey. "So what you're seeing is people resetting expectations as to when those rate cuts will start." Separately, a weekly Labor Department report showed more Americans filed for state unemployment claims than expected. Yields on longer-dated U.S. Treasury tenors rose after the data, with the yield on the benchmark 10-year note US10YT=RR climbing to 3.9761%. US/ Investors also assessed the S&P Global's final reading of composite PMI data for December at 50.9, compared with a preliminary reading of 51.0. At 11:29 a.m. ET, the Dow Jones Industrial Average .DJI was up 274.77 points, or 0.73%, at 37,704.96, the S&P 500 .SPX was up 20.24 points, or 0.43%, at 4,725.05, and the Nasdaq Composite .IXIC was up 31.25 points, or 0.21%, at 14,623.46. Apple AAPL.O slid 1.1% after brokerage Piper Sandler downgraded the iPhone maker to "neutral", days after Barclays also cut its rating. Dow component MerckMRK.N added 2.4% after TD Cowen upgraded the drugmaker to "outperform" on growth prospects. Micron TechnologyMU.O gained 1.8% after brokerage Piper Sandler upgraded its recommendation on the chipmaker to "overweight". Mobileye GlobalMBLY.O sank 24.3% after forecasting preliminary fiscal 2024 revenue below estimates, while Walgreens Boots AllianceWBA.O shed 6.4% after the U.S. pharmacy chain nearly halved its dividend. Advancing issues outnumbered decliners by a 1.77-to-1 ratio on the NYSE and by a 1.47-to-1 ratio on the Nasdaq. The S&P index recorded 16 new 52-week highs and no new lows, while the Nasdaq recorded 45 new highs and 50 new lows. (Reporting by Johann M Cherian and Shristi Achar A in Bengaluru; Editing by Devika Syamnath) ((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.

By Johann M Cherian and Shristi Achar A Jan 4 (Reuters) - Wall Street rose on Thursday, boosted by gains in financial stocks, while strong jobs data prompted investors to tweak their expectations of how early interest-rate cuts could begin. The recovery in the three main U.S. stock indexes follows a downbeat start to 2024, with the S&P 500 .SPX notching its worst two-day performance since late October as investors booked profits after a blistering rally last year. Bets that the Federal Reserve could start reducing interest rates this year had driven much of the gains towards the end of 2023, though the latest minutes from the central bank's December policy meeting did not offer many clues on when the easing might commence.

An ADP National Employment report showed U.S. private employers hired more workers than expected in December, pointing to persistent strength in the labor market that should continue to sustain the economy. US/ Investors also assessed the S&P Global's final reading of composite PMI data for December at 50.9, compared with a preliminary reading of 51.0. Micron TechnologyMU.O gained 1.8% after brokerage Piper Sandler upgraded its recommendation on the chipmaker to "overweight".

By Johann M Cherian and Shristi Achar A Jan 4 (Reuters) - Wall Street rose on Thursday, boosted by gains in financial stocks, while strong jobs data prompted investors to tweak their expectations of how early interest-rate cuts could begin. Bets that the Federal Reserve could start reducing interest rates this year had driven much of the gains towards the end of 2023, though the latest minutes from the central bank's December policy meeting did not offer many clues on when the easing might commence. An ADP National Employment report showed U.S. private employers hired more workers than expected in December, pointing to persistent strength in the labor market that should continue to sustain the economy.

An ADP National Employment report showed U.S. private employers hired more workers than expected in December, pointing to persistent strength in the labor market that should continue to sustain the economy. Private payrolls increased by 164,000 in December, compared with a 101,000 rise the month before. Micron TechnologyMU.O gained 1.8% after brokerage Piper Sandler upgraded its recommendation on the chipmaker to "overweight".

170253.0

2024-01-04 00:00:00 UTC

1 Artificial Intelligence (AI) Stock to Buy in 2024 Before it Surges by 45%, According to Wall Street

AMD

https://www.nasdaq.com/articles/1-artificial-intelligence-ai-stock-to-buy-in-2024-before-it-surges-by-45-according-to-wall

2023 was the year of artificial intelligence (AI) investing, and perhaps the biggest winners were the "Magnificent Seven" stocks, a moniker that includes mega-cap behemoths Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla, and Meta Platforms. One of the biggest standouts among this cohort was semiconductor company Nvidia, which saw its market cap balloon to more than $1 trillion, fueled by unprecedented demand for chips used to train generative AI models. While each of the companies above has a multitude of ways to benefit from AI tailwinds, savvy investors should know that myriad opportunities exist in the capital markets. One such company that looks set up to dominate in 2024 is Nvidia's top rival, Advanced Micro Devices (NASDAQ: AMD). While the company's growth in 2023 paled in comparison to Nvidia's, AMD may have just made its best countermove yet, setting up 2024 to be a milestone year. Let's dig into what AMD has in the cards, and why scooping up shares now could be a lucrative opportunity. AMD's answer to Nvidia In early December, AMD released a new line of AI chips. The cornerstone of the product release was the MI300X, AMD's biggest answer yet to Nvidia's unrelenting graphics processing units (GPUs) operation. During the unveiling, AMD's CEO Lisa Su made a bold declaration when she called the MI300X "the most advanced AI accelerator in the industry." If that doesn't get you excited, let's check out some of the use cases around the MI300X accelerator that support Su's high degree of confidence. Microsoft is going to use the MI300X for applications in its leading cloud platform Azure, a strategy that could further propel the dominance of ChatGPT. Remember, Microsoft previously made a massive $10 billion investment in OpenAI, the parent company of ChatGPT. Moreover, with the release of its new CoPilot offering, Microsoft's plans to integrate ChatGPT throughout its ecosystem are becoming increasingly clear. Therefore, it's likely the Windows developer will be highly selective with its vendor partners to ensure its massive investments in AI pay off. Another noteworthy partnership includes Meta, which announced that it will be using the MI300X for AI inferencing. This is important because these use cases could be early indications that AMD's newest chips will be a bellwether for data center business -- a market that is largely dominated by Nvidia right now. Image Source: Getty Images How much growth can AMD expect? Following the public release of the MI300X, Su sat down with CNBC to speak in more detail about how these chips could represent the next frontier of growth. More specifically, Su said that she believes the addressable market for data center AI accelerators will reach $400 billion by 2027. To put this figure in perspective, during AMD's Q3 earnings call management guided for $2 billion in data center GPU revenue for 2024. Although this looks like a low forecast relative to the potential size of the market, I'm not worried for AMD. Given the sky-high demand for Nvidia's GPUs, the company has made significant investments in manufacturing and production. I see this as an opportunity for AMD to make inroads in the data center AI market and acquire additional market share. Why? Because as Nvidia's backlog continues to grow, I see customers diversifying their GPU needs and turning to more than one provider. So while Nvidia may dominate the space right now, I think AMD has a greenfield opportunity to provide customers with commensurate (if not superior) technology, and do so at a potentially lower cost and faster delivery time. For this reason, I see AMD's forecast of $2 billion in data center GPU revenue to be conservative. Furthermore, I am incredibly bullish that this figure could grow exponentially in just a few years. Is AMD stock going parabolic? AMD stock rocketed 123% during 2023. Yet Hans Mosesmann of Rosenblatt Securities sees another 45% upside for AMD stock, giving it a price target of $200. Don't worry too much about whether AMD reaches or exceeds this price target in 2024. Rather, ask yourself if you believe in the long-term secular trend of AI, and if AMD is well positioned to benefit. I think the MI300X came at just the right time. While Nvidia is the dominant player in AI GPUs, AMD has a unique opportunity to capitalize on unprecedented demand in the data center space in particular. Investors should view AI as more of a marathon than a sprint, keeping in mind that AMD spent a good portion of 2023 making strategic acquisitions, which haven't been fully integrated or monetized yet. So while AMD's current growth is not as exciting as that of its larger counterpart, its roadmap is hard to ignore. Moreover, as various applications for GPU technology begin to take shape, I see AMD emerging as a formidable leader in the space. If you're looking for alternatives to Nvidia or seeking hedges to other AI plays in your portfolio, I wouldn't sleep on AMD. In fact, given the early positive indications of MI300X's demand, 2024 could end up being a massive year for the chip company, and represent the beginning of a long-term strong force in data center 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. 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. Adam Spatacco has positions in Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Apple, Meta Platforms, 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.

One such company that looks set up to dominate in 2024 is Nvidia's top rival, Advanced Micro Devices (NASDAQ: AMD). While the company's growth in 2023 paled in comparison to Nvidia's, AMD may have just made its best countermove yet, setting up 2024 to be a milestone year. Let's dig into what AMD has in the cards, and why scooping up shares now could be a lucrative opportunity.

One such company that looks set up to dominate in 2024 is Nvidia's top rival, Advanced Micro Devices (NASDAQ: AMD). While the company's growth in 2023 paled in comparison to Nvidia's, AMD may have just made its best countermove yet, setting up 2024 to be a milestone year. Let's dig into what AMD has in the cards, and why scooping up shares now could be a lucrative opportunity.

AMD's answer to Nvidia In early December, AMD released a new line of AI chips. While Nvidia is the dominant player in AI GPUs, AMD has a unique opportunity to capitalize on unprecedented demand in the data center space in particular. One such company that looks set up to dominate in 2024 is Nvidia's top rival, Advanced Micro Devices (NASDAQ: AMD).

I see this as an opportunity for AMD to make inroads in the data center AI market and acquire additional market share. One such company that looks set up to dominate in 2024 is Nvidia's top rival, Advanced Micro Devices (NASDAQ: AMD). While the company's growth in 2023 paled in comparison to Nvidia's, AMD may have just made its best countermove yet, setting up 2024 to be a milestone year.

170254.0

2024-01-04 00:00:00 UTC

Advanced Micro Devices (AMD) Rises As Market Takes a Dip: Key Facts

AMD

https://www.nasdaq.com/articles/advanced-micro-devices-amd-rises-as-market-takes-a-dip%3A-key-facts

Advanced Micro Devices (AMD) closed the most recent trading day at $136.01, moving +0.51% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.34%. On the other hand, the Dow registered a gain of 0.03%, and the technology-centric Nasdaq decreased by 0.56%. Heading into today, shares of the chipmaker had gained 15.84% over the past month, outpacing the Computer and Technology sector's gain of 1.27% and the S&P 500's gain of 2.56% in that time. The upcoming earnings release of Advanced Micro Devices will be of great interest to investors. It is anticipated that the company will report an EPS of $0.77, marking a 11.59% rise compared to the same quarter of the previous 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. Any recent changes to analyst estimates for Advanced Micro Devices should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Empirical research indicates that these revisions in estimates have a direct correlation with impending 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Advanced Micro Devices holds a Zacks Rank of #4 (Sell). Investors should also note Advanced Micro Devices's current valuation metrics, including its Forward P/E ratio of 37.3. This indicates a premium in contrast to its industry's Forward P/E of 27.8. We can also see that AMD currently has a PEG ratio of 2.9. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Electronics - Semiconductors industry stood at 2.88 at the close of the market yesterday. The Electronics - Semiconductors industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 202, positioning it in the bottom 20% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To follow AMD in the coming trading sessions, be sure to utilize Zacks.com. Just Released: Zacks Top 10 Stocks for 2024 Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential. See 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.

Advanced Micro Devices (AMD) closed the most recent trading day at $136.01, moving +0.51% from the previous trading session. We can also see that AMD currently has a PEG ratio of 2.9. To follow AMD in the coming trading sessions, be sure to utilize Zacks.com.

Advanced Micro Devices (AMD) closed the most recent trading day at $136.01, moving +0.51% 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. We can also see that AMD currently has a PEG ratio of 2.9.

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 $136.01, moving +0.51% from the previous trading session. We can also see that AMD currently has a PEG ratio of 2.9.

Advanced Micro Devices (AMD) closed the most recent trading day at $136.01, moving +0.51% from the previous trading session. We can also see that AMD currently has a PEG ratio of 2.9. To follow AMD in the coming trading sessions, be sure to utilize Zacks.com.

170255.0

2024-01-04 00:00:00 UTC

The 3 Hottest Semiconductor Stocks to Watch in 2024

AMD

https://www.nasdaq.com/articles/the-3-hottest-semiconductor-stocks-to-watch-in-2024

InvestorPlace - Stock Market News, Stock Advice & Trading Tips The semiconductor industry took the world by storm in 2023, and I believe it will continue to remain a highlight of this year too. It is hard to imagine a world without semiconductor chips, and if you want to make the most of the ample potential these companies have, it is best to invest in semiconductor stocks. You should especially consider the hottest semiconductor stocks that we have listed here! Analysts expect a steady expansion of this industry, and as the economy improves, we could see companies report stellar financials. This is still an early stage for the industry and it has many years of growth. So, if you haven’t had a chance to buy Nvidia (NASDAQ:NVDA) stock before it soared by more than 200%, you can still look for the hottest semiconductor stocks that have solid long-term potential. Let’s take a look at them. Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD) is Nvidia’s biggest competitor and it is taking giant strides in the industry. While 2023 may not have been a blockbuster year for the company, it is set to rebound this year. It is expected that PC sales will rise again, and we could see AMD report better sales revenue from the same since the company supplies chips for PCs. Additionally, the third quarter revenue was up 8% quarter over quarter, and the EPS was up 21%. This shows that the company is gaining ground and improving its business performance. Top tech giants including Meta Platforms (NASDAQ:META) and Microsoft (NASDAQ:MSFT) have announced the adoption of AMD’s chips and this is a strong shift from Nvidia’s chips. That said, companies not willing to wait for weeks to get their hands on Nvidia chips will be happy to use AMD’s latest AI chips. AMD stock is up over 100% in the year and has generated more than 600% returns in the past five years. This speaks a lot about the strength of the business to survive amidst all market conditions. Trading at $135 today, the stock looks undervalued to me. Stifel Financial (NYSE:SF) analyst has upgraded the price target for the stock from $145 to $170 and this shows a 20% upside from the current level. AMD has everything it takes to be a long-term investment. It has a solid history, exceptional leadership, and the ability to survive any storm. As the demand for PCs improves, we could see AMD report impressive numbers. It can be a long-term winner, but you must have the patience to hold on to it. Intel (INTC) Source: Kate Krav-Rude / Shutterstock.com A hot semiconductor stock for 2024, Intel (NASDAQ:INTC) benefits from the CHIPS Act. However, it hasn’t been able to impress investors with the financials. However, this year could be different. The company will launch Gaudi 3, an AI accelerator that is expected to beat Nvidia’s chips in data centers. Additionally, the company launched an independent AI company, Articul8 AI, in collaboration with DigitalBridge Group. The company will offer secure and cost-effective AI solutions to enterprises. Financial details about the company aren’t disclosed yet, but this move can help Intel expand its market share. While Intel has been late to enter the AI race, if the chips are worth the hype, we could see a strong improvement in Intel’s business. The company has been around for a while and they do know how to run a business, but the AI industry is getting highly competitive, and it is time to prove their worth. The company is also expanding its manufacturing facility in Ireland and Oregon. INTC stock is up 69% in the year but relatively flat in the past five years. I believe the company will be able to sustain the current momentum, and we could see a slow but steady upside from the current level of $47. Stifel Financial analyst also increased the price target from $38 to $45 and has a hold rating on the stock. The analyst finds the semiconductor stock attractive as we head into 2024. Taiwan Semiconductor Manufacturing (TSM) Source: Sundry Photography / Shutterstock.com A well-known name in the semiconductor industry, Taiwan Semiconductor (NYSE:TSMC) is one of the hottest semiconductor stocks to own. It makes chips for the biggest tech giants including Nvidia, and holds more than 50% of the market share in the semiconductor space. It benefits from the CHIPS Act and is building a plant in Arizona to make the most of it. While this has impacted the earnings, it still has an upside potential. As the world’s leading semiconductor foundry, TSMC has the expertise and leadership to continue expanding its market share. One big reason to invest in the stock is that the company doesn’t produce chips for general sale but caters to other companies to meet their needs. This means it will have a steady revenue flow throughout the year. If the demand for PCs and smartphones improves, the company could see a significant improvement in the chip demand. The stock is up 31% in the year and is exchanging hands for $100. I believe TSMC is a long-term stock to buy and hold. On the date of publication, Vandita Jadeja 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 3 Hottest Semiconductor Stocks to Watch 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: JHVEPhoto / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD) is Nvidia’s biggest competitor and it is taking giant strides in the industry. It is expected that PC sales will rise again, and we could see AMD report better sales revenue from the same since the company supplies chips for PCs. Top tech giants including Meta Platforms (NASDAQ:META) and Microsoft (NASDAQ:MSFT) have announced the adoption of AMD’s chips and this is a strong shift from Nvidia’s chips.

Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD) is Nvidia’s biggest competitor and it is taking giant strides in the industry. It is expected that PC sales will rise again, and we could see AMD report better sales revenue from the same since the company supplies chips for PCs. Top tech giants including Meta Platforms (NASDAQ:META) and Microsoft (NASDAQ:MSFT) have announced the adoption of AMD’s chips and this is a strong shift from Nvidia’s chips.

Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD) is Nvidia’s biggest competitor and it is taking giant strides in the industry. It is expected that PC sales will rise again, and we could see AMD report better sales revenue from the same since the company supplies chips for PCs. Top tech giants including Meta Platforms (NASDAQ:META) and Microsoft (NASDAQ:MSFT) have announced the adoption of AMD’s chips and this is a strong shift from Nvidia’s chips.

Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD) is Nvidia’s biggest competitor and it is taking giant strides in the industry. It is expected that PC sales will rise again, and we could see AMD report better sales revenue from the same since the company supplies chips for PCs. Top tech giants including Meta Platforms (NASDAQ:META) and Microsoft (NASDAQ:MSFT) have announced the adoption of AMD’s chips and this is a strong shift from Nvidia’s chips.

170235.0

2024-01-05 00:00:00 UTC

The Semiconductor Sector Rocketed 73% Higher in 2023, But These 3 Players Still Look Like Bargains

AMD

https://www.nasdaq.com/articles/the-semiconductor-sector-rocketed-73-higher-in-2023-but-these-3-players-still-look-like

To say that 2023 was a good year for semiconductor stocks is an understatement. The sector, at least as defined by the VanEck Semiconductor ETF (NASDAQ: SMH), rocketed 73.4% in 2023! So if you had shied away from this volatile yet important part of the market, you likely missed out on some of the biggest gains of the year. The artificial intelligence (AI) revolution no doubt played a big part, causing some of the largest names like Nvidia and Advanced Micro Devices to rise 239% and 128%, respectively. But there are other, really important chip companies with strong business models and important long-term growth trends that lagged the sector. On that note, the following three stocks still look like bargain-priced options in the red-hot sector today. SMH Year to Date Total Returns (Daily) data by YCharts. Taiwan Semiconductor Manufacturing The world's largest chip foundry Taiwan Semiconductor Manufacturing (NYSE: TSM) was up "only" 42.3% in 2023, including its 1.9% dividend. But that left the stock only trading around 18 times trailing earnings and under 16 times this year's earnings estimates. That's certainly a more-than-reasonable price to pay for the world's largest foundry that makes basically all of the world's most important chips, from Nvidia's H100 accelerators to AMD's Instinct MI300 to Apple's M-series laptop and A-series mobile processors. 2023 was a down year for many key semiconductor markets, including both PCs and smartphones, which are still the largest chip end markets today. Investors became disappointed in TSMC's results mid-year after second-quarter earnings when management revealed that AI chips made by Nvidia only made up a mid-single-digit percentage of the overall industry. Given how huge Nvidia's growth was last year, that appeared to surprise some investors, who may have been hoping for a bigger AI surge for TSMC. But TSMC stock clawed its way back toward the end of the year when growth surprised to the upside. In its Q2 earnings call with analysts, TSMC management revised down prior guidance for the year, anticipating revenue would fall around 10% for the year. However, things turned out much better than anticipated, as AI demand remained very strong while other key markets started to turn around. TSMC releases its monthly revenue, and through November, its 11-month revenue was only 4.1% below that of 2022 -- much better than the anticipated 10% decline. Eventually, all of those laptops and smartphones bought during the 2020 to 2021 pandemic period will have to be replaced, likely by higher-end chips for AI PCs and other advanced machines. Furthermore, AMD's CEO Lisa Su just increased her outlook for the AI chip market to $400 billion by 2027, up from her June prediction of just $150 billion. While TSMC said it expects AI chips to grow from a mid-single-digit percentage of its revenue to a mid-teens percentage over time, that is probably conservative. With a larger AI market growing very fast as other markets are turning around, look for TSMC to post strong growth in the year ahead. On Semiconductor The electric vehicle (EV) market is projected for long-term growth, especially as technology improves and costs come down. But 2023 saw a slowdown in the market, causing many EV-related stocks to plunge in Q2 and Q3, like silicon carbide leader On Semiconductor (NASDAQ: ON). This year, the supply chain shortages that plagued the industry in 2021 and 2022 were alleviated, leading to ample supply. Meanwhile, higher interest rates dampened demand for EVs, which tend to be a bit pricier than the typical internal combustion engine (ICE). A late summer report showed that EV inventories were piling up at dealerships in the U.S., with some major automakers saying they would slow their battery and EV manufacturing plans. Those fears appeared justified when On reported Q3 earnings, during which it guided for a soft Q4. On is currently a leader in silicon carbide power chips, a difficult-to-manufacture semiconductor alloy that is especially useful in high-power applications, like electric vehicles and infrastructure. The company blamed the slowdown on a very large European customer that had paused some orders, which isn't surprising given the news about slower adoption of certain EV models. But fears that EVs have exhausted early adopters may be misplaced. After all, despite the slowdown, EVs are still growing faster than ICE cars in the U.S., Europe, and China -- just not as fast as some more bullish observers may have anticipated. And as interest rates moderate and charging infrastructure improves, customer adoption should eventually be there. So near-term fears may have opened up an opportunity for longer-term investors in On. After all, the stock only trades at less than 16 times earnings. Moreover, the company is set to improve margins as it brings its new 300mm East Fishkill plant up to speed, so there is also a self-help, margin-improvement story here as well. Image source: Getty Images. Kulicke and Soffa The AI revolution has put a big focus on whichever chipmaker can produce the fastest and most power-efficient chip at the most advanced node. But investors shouldn't ignore chip-packaging companies either, such as industry leader Kulicke and Soffa (NASDAQ: KLIC). These types of companies are somewhat less sexy and use more commoditized machines that connect chips together on a motherboard or even to each other, usually through copper wires or small copper "bumps." But as chips become more complex, a greater focus will come on packaging. This is especially true as power and electricity concerns come to the fore, since more powerful chips require more electricity and generate more heat. AI chipmakers are even beginning to construct chips made of "chiplets," which are optimized pieces of silicon stitched together, with new, advanced packaging technologies, into "superchips." For instance, AMD's MI300 is made out of 13 different chiplets. Kulicke and Soffa has a dominant market position in "legacy" ball bonder packaging equipment, demand for which fluctuates with cycles. But it has smaller revenue segments in newer up-and-coming technologies, such as thermocompression bonding for chiplets, EV battery packaging, and microLEDs -- a new kind of advanced screen that is currently in high-end electronics but could one day eventually spread to smartphones. Not unlike TSMC, Kulicke's mature business in ball bonding is in a downcycle, causing a massive decline in earnings over the past year, from $7.09 in 2022 to just $0.99 in 2023. But if those are the two extremes, one could argue Kulicke's average earnings power is around $4 per share. With the stock at just $51.50 with nearly $13.40 in cash on the balance sheet with no debt, the company's enterprise value (around $38 per share) to average earnings ($4) would be under 10. That's a cheap stock no matter which way you cut it, making Kulicke and Soffa an under-the radar pick in 2024. Should you invest $1,000 in Taiwan Semiconductor Manufacturing right now? Before you buy stock in Taiwan Semiconductor Manufacturing, 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 Taiwan Semiconductor Manufacturing 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 Billy Duberstein has positions in Apple, Kulicke And Soffa Industries, and Taiwan Semiconductor Manufacturing. His clients may own shares of the companies mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends ON Semiconductor. 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.

That's certainly a more-than-reasonable price to pay for the world's largest foundry that makes basically all of the world's most important chips, from Nvidia's H100 accelerators to AMD's Instinct MI300 to Apple's M-series laptop and A-series mobile processors. Furthermore, AMD's CEO Lisa Su just increased her outlook for the AI chip market to $400 billion by 2027, up from her June prediction of just $150 billion. For instance, AMD's MI300 is made out of 13 different chiplets.

That's certainly a more-than-reasonable price to pay for the world's largest foundry that makes basically all of the world's most important chips, from Nvidia's H100 accelerators to AMD's Instinct MI300 to Apple's M-series laptop and A-series mobile processors. Furthermore, AMD's CEO Lisa Su just increased her outlook for the AI chip market to $400 billion by 2027, up from her June prediction of just $150 billion. For instance, AMD's MI300 is made out of 13 different chiplets.

That's certainly a more-than-reasonable price to pay for the world's largest foundry that makes basically all of the world's most important chips, from Nvidia's H100 accelerators to AMD's Instinct MI300 to Apple's M-series laptop and A-series mobile processors. Furthermore, AMD's CEO Lisa Su just increased her outlook for the AI chip market to $400 billion by 2027, up from her June prediction of just $150 billion. For instance, AMD's MI300 is made out of 13 different chiplets.

That's certainly a more-than-reasonable price to pay for the world's largest foundry that makes basically all of the world's most important chips, from Nvidia's H100 accelerators to AMD's Instinct MI300 to Apple's M-series laptop and A-series mobile processors. Furthermore, AMD's CEO Lisa Su just increased her outlook for the AI chip market to $400 billion by 2027, up from her June prediction of just $150 billion. For instance, AMD's MI300 is made out of 13 different chiplets.

170236.0

2024-01-05 00:00:00 UTC

Why Advanced Micro Devices Stock Jumped 22% in December

AMD

https://www.nasdaq.com/articles/why-advanced-micro-devices-stock-jumped-22-in-december

Shares of Advanced Micro Devices (NASDAQ: AMD) were surging last month after investors responded positively to the launch of its new Instinct MI300 accelerators designed to run advanced artificial intelligence (AI) models. The launch had been long anticipated by investors. AMD stock also benefited from broader market gains during the month, partly in response to the Fed's forecast of lower interest rates in 2024. According to data from S&P Global Market Intelligence, the stock gained 22% in December. As you can see from the chart below, AMD spiked 10% on Dec. 7 after its chip presentation and continued to rise from there. AMD data by YCharts. AMD responds in AI Rival Nvidia has dominated the market thus far for AI chips and components, only increasing the anticipation for the new MI300 and the rest of AMD's new product line. There's a shortage of Nvidia's H100 accelerators and other graphics processing units (GPUs), meaning there's a clear opportunity for AMD to step in. AMD said the new MI300X accelerator offers industry-leading memory bandwidth for generative AI and top performance for large language model training and inference. AMD also projected that the new line of chips would generate $2 billion in revenue in 2024, which would significantly boost its data center business. The company also showed off customers, including Microsoft, Meta Platforms, OpenAI, and Oracle, showing a solid customer base for the new product line. Later in the month, there was little company-specific news on AMD, but the stock seemed to benefit from the broader gains in the morning as the Fed forecast lower rates next year. AMD also seemed to get a boost from better-than-expected results from Micron, the memory-chip maker considered a bellwether for the broader semiconductor market. Micron reported a return to revenue growth, though it still had a wide loss on the bottom line. What's next for AMD in 2024 High expectations are baked into AMD's stock after shares more than doubled in 2023, and the $2 billion revenue forecast from the new MI300 shows that alone will only have a modest impact on the company's financial results. The semiconductor sector has been in a slump in the last year or two, and AMD reported just 4% revenue growth in its most recent quarter, but demand for its CPUs seems to be recovering as well. Given the surge in demand for AI chips and the current shortage, AMD should find a niche to fill and remain a popular choice for tech investors. 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. Jeremy Bowman has positions in Meta Platforms. The Motley Fool has positions in and recommends Advanced Micro Devices, Meta Platforms, Microsoft, Nvidia, and Oracle. 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 stock also benefited from broader market gains during the month, partly in response to the Fed's forecast of lower interest rates in 2024. AMD said the new MI300X accelerator offers industry-leading memory bandwidth for generative AI and top performance for large language model training and inference. Given the surge in demand for AI chips and the current shortage, AMD should find a niche to fill and remain a popular choice for tech investors.

Shares of Advanced Micro Devices (NASDAQ: AMD) were surging last month after investors responded positively to the launch of its new Instinct MI300 accelerators designed to run advanced artificial intelligence (AI) models. AMD stock also benefited from broader market gains during the month, partly in response to the Fed's forecast of lower interest rates in 2024. As you can see from the chart below, AMD spiked 10% on Dec. 7 after its chip presentation and continued to rise from there.

Shares of Advanced Micro Devices (NASDAQ: AMD) were surging last month after investors responded positively to the launch of its new Instinct MI300 accelerators designed to run advanced artificial intelligence (AI) models. AMD stock also benefited from broader market gains during the month, partly in response to the Fed's forecast of lower interest rates in 2024. As you can see from the chart below, AMD spiked 10% on Dec. 7 after its chip presentation and continued to rise from there.

Shares of Advanced Micro Devices (NASDAQ: AMD) were surging last month after investors responded positively to the launch of its new Instinct MI300 accelerators designed to run advanced artificial intelligence (AI) models. AMD stock also benefited from broader market gains during the month, partly in response to the Fed's forecast of lower interest rates in 2024. As you can see from the chart below, AMD spiked 10% on Dec. 7 after its chip presentation and continued to rise from there.

170237.0

2024-01-05 00:00:00 UTC

XLK, AMD, ACN, CSCO: ETF Outflow Alert

AMD

https://www.nasdaq.com/articles/xlk-amd-acn-csco%3A-etf-outflow-alert

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Technology Select Sector SPDR Fund (Symbol: XLK) where we have detected an approximate $239.3 million dollar outflow -- that's a 0.4% decrease week over week (from 304,210,000 to 302,910,000). Among the largest underlying components of XLK, in trading today Advanced Micro Devices Inc (Symbol: AMD) is up about 2.7%, Accenture plc (Symbol: ACN) is up about 0.3%, and Cisco Systems Inc (Symbol: CSCO) is up by about 0.2%. For a complete list of holdings, visit the XLK Holdings page » The chart below shows the one year price performance of XLK, versus its 200 day moving average: Looking at the chart above, XLK's low point in its 52 week range is $120.81 per share, with $193.72 as the 52 week high point — that compares with a last trade of $185.23. 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 ». 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 experienced notable outflows » Also see: • Top Dividend Stocks • DHY Videos • Funds Holding DPU 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 XLK, in trading today Advanced Micro Devices Inc (Symbol: AMD) is up about 2.7%, Accenture plc (Symbol: ACN) is up about 0.3%, and Cisco Systems Inc (Symbol: CSCO) is up by about 0.2%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Technology Select Sector SPDR Fund (Symbol: XLK) where we have detected an approximate $239.3 million dollar outflow -- that's a 0.4% decrease week over week (from 304,210,000 to 302,910,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.

Among the largest underlying components of XLK, in trading today Advanced Micro Devices Inc (Symbol: AMD) is up about 2.7%, Accenture plc (Symbol: ACN) is up about 0.3%, and Cisco Systems Inc (Symbol: CSCO) is up by about 0.2%. For a complete list of holdings, visit the XLK Holdings page » The chart below shows the one year price performance of XLK, versus its 200 day moving average: Looking at the chart above, XLK's low point in its 52 week range is $120.81 per share, with $193.72 as the 52 week high point — that compares with a last trade of $185.23. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.

Among the largest underlying components of XLK, in trading today Advanced Micro Devices Inc (Symbol: AMD) is up about 2.7%, Accenture plc (Symbol: ACN) is up about 0.3%, and Cisco Systems Inc (Symbol: CSCO) is up by about 0.2%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Technology Select Sector SPDR Fund (Symbol: XLK) where we have detected an approximate $239.3 million dollar outflow -- that's a 0.4% decrease week over week (from 304,210,000 to 302,910,000). For a complete list of holdings, visit the XLK Holdings page » The chart below shows the one year price performance of XLK, versus its 200 day moving average: Looking at the chart above, XLK's low point in its 52 week range is $120.81 per share, with $193.72 as the 52 week high point — that compares with a last trade of $185.23.

Among the largest underlying components of XLK, in trading today Advanced Micro Devices Inc (Symbol: AMD) is up about 2.7%, Accenture plc (Symbol: ACN) is up about 0.3%, and Cisco Systems Inc (Symbol: CSCO) is up by about 0.2%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Technology Select Sector SPDR Fund (Symbol: XLK) where we have detected an approximate $239.3 million dollar outflow -- that's a 0.4% decrease week over week (from 304,210,000 to 302,910,000). For a complete list of holdings, visit the XLK Holdings page » The chart below shows the one year price performance of XLK, versus its 200 day moving average: Looking at the chart above, XLK's low point in its 52 week range is $120.81 per share, with $193.72 as the 52 week high point — that compares with a last trade of $185.23.

170238.0

2024-01-05 00:00:00 UTC

2023 in Review: Key Stock Trends and Sector Shifts Unveiled

AMD

https://www.nasdaq.com/articles/2023-in-review%3A-key-stock-trends-and-sector-shifts-unveiled

InvestorPlace - Stock Market News, Stock Advice & Trading Tips The year 2023 was a great one for the stock market. The Dow Jones Industrial Average rose 14% to finish the year at a record high. The benchmark S&P 500 index gained 25% and came within a whisker of a record close. And the technology-focused Nasdaq index increased 43% to register its best year since the internet rally of 1999. So, what can we expect in 2024? How will the markets perform in the year ahead? It’s still very early days, but already we are seeing some trends and shifts take hold in the market. The winners and losers of the past year could change in the coming months as investor preferences shift and sentiment takes a different turn. Interest rate cuts, wars in foreign lands, and a potential global recession could each influence markets over the next 12 months. As the New Year begins, we offer 2023 in review: key stock trends and sector shifts unveiled. Bank Stocks Are Hot Again As soon as Fed Chair Jerome Powell announced that three interest rate cuts are likely in 2024, the sun began to shine on bank stocks. Despite their earnings holding up well, bank stocks, as a group, had a miserable 2023. The S&P Banks Index has registered a measly 2% return over the last 12 months, compared to a 25% gain in the benchmark S&P 500 index. And that small gain in the banking index was achieved after Powell announced the potential rate cuts in December. Of course, things really got ugly for all bank stocks after the failures of several regional lenders last spring, including Silicon Valley Bank (OTCMKTS:SIVBQ) and Signature Bank (OTCMKTS:SBNY). However, investors and traders are now putting capital back into bank stocks, with interest rates having now peaked and likely to decline in the coming months. Since the start of the fourth quarter of 2023 last October, the S&P Banks Index has climbed 30% higher and turned positive, with most of that increase occurring in the last month. Influential bank stocks such as JPMorgan Chase (NYSE:JPM) and Bank of America (NYSE:BAC) are each up 10% since the start of December. BioTech Is Having A Moment Another beneficiary of the expected rate cuts this year appears to be biotech stocks. The equal-weighted SPDR S&P Biotech ETF (NYSEARCA:XBI) has risen 38% since the broader market began to rally at the end of October. The gain is a major reversal for the biotech sector. Before Halloween, the biotech ETF was down 20% on the year. But now, biotech stocks are rallying again as the prospect of lower interest rates comes into view. This makes sense as most biotech stocks, the majority of which are small start-ups, rely on borrowed capital to fund their operations and drug research. In addition to the overall rally among biotech stocks, there has also been a fresh wave of mergers and acquisitions among biotech companies over the last two months. And there are reports that biotech executives are buying up company shares as the stocks rally, providing a further boost of confidence for the sector. On the first trading day of 2024, as the technology-laden Nasdaq index suffered its worst performance since last October, shares of biopharmaceutical company Moderna (NASDAQ:MRNA) rose 13% on news of an analyst upgrade. MRNA stock has now risen 37% since the beginning of December. Microchip and Semiconductor Stocks Are Pulling Back Fueled by the hype surrounding artificial intelligence (AI), stocks of microchip and semiconductor companies led the market higher in 2023. Shares of Nvidia (NASDAQ:NVDA) increased 238% last year, while the stock of Advanced Micro Devices (NASDAQ:AMD) rose 125%. Now, though, it appears that stocks of chip and semiconductor companies are pulling back. AMD stock has dropped 9% since the last trading day of 2023, while NVDA stock has fallen 5% and appears unable to break above resistance at $500 a share. Other chip and semi stocks are also sliding lower to start 2024. This could be the result of short-term profit-taking or the start of a bigger rotation out of tech and a move away from the AI trade that dominated markets last year. It will take some time to play out, but this type of sector rotation is common in the market. In 2022, stocks of oil and gas companies dominated only to become among the worst performers last year as investors dumped big oil in favor of big tech. 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. 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 2023 in Review: Key Stock Trends and Sector Shifts Unveiled 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.

Shares of Nvidia (NASDAQ:NVDA) increased 238% last year, while the stock of Advanced Micro Devices (NASDAQ:AMD) rose 125%. AMD stock has dropped 9% since the last trading day of 2023, while NVDA stock has fallen 5% and appears unable to break above resistance at $500 a share. The winners and losers of the past year could change in the coming months as investor preferences shift and sentiment takes a different turn.

Shares of Nvidia (NASDAQ:NVDA) increased 238% last year, while the stock of Advanced Micro Devices (NASDAQ:AMD) rose 125%. AMD stock has dropped 9% since the last trading day of 2023, while NVDA stock has fallen 5% and appears unable to break above resistance at $500 a share. As the New Year begins, we offer 2023 in review: key stock trends and sector shifts unveiled.

Shares of Nvidia (NASDAQ:NVDA) increased 238% last year, while the stock of Advanced Micro Devices (NASDAQ:AMD) rose 125%. AMD stock has dropped 9% since the last trading day of 2023, while NVDA stock has fallen 5% and appears unable to break above resistance at $500 a share. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The year 2023 was a great one for the stock market.

Shares of Nvidia (NASDAQ:NVDA) increased 238% last year, while the stock of Advanced Micro Devices (NASDAQ:AMD) rose 125%. AMD stock has dropped 9% since the last trading day of 2023, while NVDA stock has fallen 5% and appears unable to break above resistance at $500 a share. BioTech Is Having A Moment Another beneficiary of the expected rate cuts this year appears to be biotech stocks.

170239.0

2024-01-05 00:00:00 UTC

Validea Detailed Fundamental Analysis - AMD

AMD

https://www.nasdaq.com/articles/validea-detailed-fundamental-analysis-amd-25

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.

170240.0

2024-01-05 00:00:00 UTC

Why AMD Stock Stands to Stay a Winner

AMD

https://www.nasdaq.com/articles/why-amd-stock-stands-to-stay-a-winner

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Like most other tech stocks, Advanced Micro Devices (NASDAQ:AMD) has been off to a rough start for 2024. After reaching prices nearing $150 per share in late December, AMD stock has since slid back to around $135 per share. The general direction of the broad market has played a role in this. However, valuation-related worries have also been a factor. AMD continues to trade at a moderately high premium to its main peer, Nvidia (NASDAQ:NVDA). This comes despite the fact that Nvidia has made far more commercial progress in the area of AI-compatible chips. But while these factors suggest that declines are more likely than further gains in 2024 for AMD shares, it’s not necessarily set in stone that things play out this way. There’s still a path to further gains for the stock. Why? Let’s take a closer look and find out. AMD Stock and the Latest Round of Bearishness As seen from AMD’s latest price performance, the stock is experiencing another round of bearishness. Again, much of this is in tandem with investor sentiment about the broad market. The November and December rally has given way to a January sell-off, as the market re-assess how much the macro picture will improve this year. This negative sentiment shift could carry on in the near-term, having a further impact on the valuation of AMD stock. Alongside this, the other aforementioned factor affecting AMD’s price performance may not be waning in impact, either. Valuation concerns have only just now had an effect, despite commentators from Barron’s and elsewhere expressing them a month ago. Possibly in “priced for perfection” territory, if Advanced Micro Devices falls short of expectations, when it releases its latest results/updates to guidance later this month, investors could use it as justification to make their exit from the stock. Then again, maybe not. Although the skeptics may think that it’s the beginning of the end for AMD’s incredible AI-driven run-up, that’s not necessarily the case. Subsequent developments related to the company’s move into chips for the generative AI market could instead provide more runway. The Ingredients are in Place for Another Banner Year At present, the price-to-forward-earnings ratio for AMD stock is approximately 51. NVDA stock has a forward earnings ratio of only 38.9. On the surface, this suggests that AMD is overvalued, given that it’s Nvidia, not Advanced Micro Devices, that has already capitalized on the AI chips trend. Still, this may be a short-sighted takeaway. AMD’s management has been quite conservative in its AI-related sales forecasts. Back in October, CEO Lisa Su forecasted that the company would sell $2 billion worth of its Instinct MI300 accelerators in 2024. However, AMD could ship 400,000 units of this chip this year. With comparable chips from Nvidia selling for tens of thousands per unit, clearly there’s room for the MI300 to have an outsized impact on AMD’s fiscal results this year. That’s not all. As discussed recently, the company has another promising AI chip product: its Ryzen 8040 Series processors for laptops. Put it all together, and AMD clearly has the ingredients in place for another banner year. The company could “beat and raise” in the quarters ahead, the sell-side could continue raising their earnings forecasts, and the market may carry on factoring in future growth into the stock price. The Verdict If weakness persists with AMD shares in the coming weeks, this may work to your advantage. That’s not to say that you’ll be able to buy this stock at prices last hit in January 2023, but the recent pullback, or any pullback ahead of earnings, may prove to be a solid entry point. Considering Advanced Micro Devices’ latest product launches, plus continued strong demand trends for AI chips, chances are this month’s quarterly earnings release will unveil positive surprises rather than major disappointment. As the months progress, and the company not merely meets, but beats, AI-related expectations, the stock could re-hit its high water mark ($161.91 per share), then keep heading up to new highs. Hence, do not get scared off by the macro doom-and-gloom, or by the valuation skeptics. Make AMD stock a buy instead. AMD 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 AMD Stock Stands to Stay a Winner 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 Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Why AMD Stock Stands to Stay a Winner appeared first on InvestorPlace. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Like most other tech stocks, Advanced Micro Devices (NASDAQ:AMD) has been off to a rough start for 2024. After reaching prices nearing $150 per share in late December, AMD stock has since slid back to around $135 per share.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Like most other tech stocks, Advanced Micro Devices (NASDAQ:AMD) has been off to a rough start for 2024. AMD Stock and the Latest Round of Bearishness As seen from AMD’s latest price performance, the stock is experiencing another round of bearishness. After reaching prices nearing $150 per share in late December, AMD stock has since slid back to around $135 per share.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Like most other tech stocks, Advanced Micro Devices (NASDAQ:AMD) has been off to a rough start for 2024. AMD Stock and the Latest Round of Bearishness As seen from AMD’s latest price performance, the stock is experiencing another round of bearishness. After reaching prices nearing $150 per share in late December, AMD stock has since slid back to around $135 per share.

But while these factors suggest that declines are more likely than further gains in 2024 for AMD shares, it’s not necessarily set in stone that things play out this way. On the surface, this suggests that AMD is overvalued, given that it’s Nvidia, not Advanced Micro Devices, that has already capitalized on the AI chips trend. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Like most other tech stocks, Advanced Micro Devices (NASDAQ:AMD) has been off to a rough start for 2024.

170241.0

2024-01-05 00:00:00 UTC

AMD Seeks to Boost Artificial Intelligence (AI) Chip Capacity in 2024 -- Should Nvidia Investors Be Worried?

AMD

https://www.nasdaq.com/articles/amd-seeks-to-boost-artificial-intelligence-ai-chip-capacity-in-2024-should-nvidia

In today's video, I discuss recent updates impacting 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 Jan. 4, 2024. The video was published on Jan. 5, 2024. 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, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has positions in and recommends Advanced Micro Devices, Nvidia, and Taiwan Semiconductor Manufacturing. 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 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, Nvidia, and Taiwan Semiconductor Manufacturing.

In today's video, I discuss recent updates impacting 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, Nvidia, and Taiwan Semiconductor Manufacturing.

In today's video, I discuss recent updates impacting 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, Nvidia, and Taiwan Semiconductor Manufacturing.

In today's video, I discuss recent updates impacting 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. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.

170233.0

2024-01-06 00:00:00 UTC

Charting the Course for AMD Stock: After a 114% Rise, What’s Next in 2024?

AMD

https://www.nasdaq.com/articles/charting-the-course-for-amd-stock%3A-after-a-114-rise-whats-next-in-2024

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Over the past year, four stocks with a market capitalization of $200 billion or more (out of 44) had a triple-digit return. Advanced Micro Devices (NASDAQ:AMD) stock was one of them, up 114.2% according to Finviz.com. The others are Nvidia (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), and Tesla (NASDAQ:TSLA), up 237.5%, 178.3%, and 122.1%, respectively. That’s some exclusive company. Care to guess how many of the 44 were down over the past year? Just nine. The worst performer of those in negative territory was Chevron (NYSE:CVX), down 13.1%. How will AMD stock do in 2024? As long as artificial intelligence doesn’t go off the rails like cannabis stocks and crypto have over the past year, I think it will do just fine this year. AMD stock may not see a three-digit increase, but at least a 20-30% rise by Dec. 31. These three things ought to keep Advanced Micro Devices moving higher in 2024. Free Cash Flow and AMD Stock In July 2019, I wrote an article entitled Free Cash Flow Is the Key to Whether or Not Nvidia Stock Is a Buy. In it, I argued that Nvidia’s significant advantage over AMD was its free cash flow (FCF) generation. I expected its fiscal 202o free cash flow to be nearly $3 billion at the time. Meanwhile, AMD’s trailing 12-month free cash flow was -$251 million. “I love companies that generate free cash flow. It’s even better if they can grow FCF by double digits over the long haul. Those that can see their stock prices go higher over time; those that can’t see their stock prices go lower. It’s that simple,” I wrote on July 18, 2019. Fast forward to 2024. AMD’s TTM FCF through Q3 2023 was $1.32 billion. While down from $3.12 billion in 2022, it was still very positive, a far cry from the FCF it used in 2019. Of course, it still pales compared to Nvidia’s TTM FCF of $17.52 billion. The company’s FCF has dropped in the past year as AMD has accelerated its AI investments to meet and beat (well, at least try to) Nvidia’s efforts in this area. So far, this hasn’t translated into cash flow like it has for NVDA. That should change in 2024. The MI300X Could Be Nvidia’s Kryptonite Don’t get me wrong, I’m a big fan of Nvidia and its CEO, Jensen Huang. At the end of November, I suggested that if investors could swing it, they should buy both AMD and NVDA. My rationale was simple. While Nvidia is the two-ton elephant of AI, AMD has moved incredibly quickly to steal some of its thunder, including hiring a top supercomputing expert to take the competition to Huang and company. Earlier in November, I discussed how AMD’s MI300X GPU (graphics processing unit) is one of the best products ever developed, according to CEO Lisa Su. If it can capture 30% of the AI market (leaving 70% for Nvidia), AMD shareholders will still make out like bandits. Su said last June, when it announced the GPU would start shipping later in 2023 (now early in 2024), that the MI300X has 60% more memory than Nvidia’s H100. “What this performance does is it just directly translates into a better user experience,” CNBC reported Su’s Dec. 6 comments. “When you ask a model something, you’d like it to come back faster, especially as responses get more complicated.” That’s not enough to knock Nvidia off its perch, but it’s a start, especially if it can sell its AI chip for less than $40,000, the price for one Nvidia chip. Meta, OpenAI, and Microsoft (NASDAQ:MSFT) have all said they will use the M1300X as an alternative to Nvidia’s products. It’s early days, but AMD will likely surprise many people in the tech industry with the success of the MI300X GPU. On the date of publication, Will Ashworth 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 Charting the Course for AMD Stock: After a 114% Rise, What’s Next 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.

The company’s FCF has dropped in the past year as AMD has accelerated its AI investments to meet and beat (well, at least try to) Nvidia’s efforts in this area. While Nvidia is the two-ton elephant of AI, AMD has moved incredibly quickly to steal some of its thunder, including hiring a top supercomputing expert to take the competition to Huang and company. Advanced Micro Devices (NASDAQ:AMD) stock was one of them, up 114.2% according to Finviz.com.

Advanced Micro Devices (NASDAQ:AMD) stock was one of them, up 114.2% according to Finviz.com. Free Cash Flow and AMD Stock In July 2019, I wrote an article entitled Free Cash Flow Is the Key to Whether or Not Nvidia Stock Is a Buy. How will AMD stock do in 2024?

Free Cash Flow and AMD Stock In July 2019, I wrote an article entitled Free Cash Flow Is the Key to Whether or Not Nvidia Stock Is a Buy. In it, I argued that Nvidia’s significant advantage over AMD was its free cash flow (FCF) generation. Advanced Micro Devices (NASDAQ:AMD) stock was one of them, up 114.2% according to Finviz.com.

Free Cash Flow and AMD Stock In July 2019, I wrote an article entitled Free Cash Flow Is the Key to Whether or Not Nvidia Stock Is a Buy. The company’s FCF has dropped in the past year as AMD has accelerated its AI investments to meet and beat (well, at least try to) Nvidia’s efforts in this area. Advanced Micro Devices (NASDAQ:AMD) stock was one of them, up 114.2% according to Finviz.com.

170234.0

2024-01-06 00:00:00 UTC

2 Blue Chip Stocks to Buy Hand Over Fist Before the Nasdaq Surges in 2024

AMD

https://www.nasdaq.com/articles/2-blue-chip-stocks-to-buy-hand-over-fist-before-the-nasdaq-surges-in-2024

The technology-heavy Nasdaq Composite gained some 43% in 2023. And investors are hopeful it will rally further as excitement continues to increase around generative artificial intelligence (AI) technologies. Expectations about interest rate cuts should also push up the Nasdaq in 2024. Against this backdrop, it makes sense for retail investors to consider picking up small stakes in high-quality blue chip stocks that are already riding robust secular tailwinds ahead of this potential rally. Here's why Microsoft (NASDAQ: MSFT) and Advanced Micro Devices (NASDAQ: AMD) fit the bill. Microsoft For a long time, Microsoft has been widely famous for its Windows operating system and its Microsoft Office productivity suite. But lately, the company has also become famous for its Azure cloud computing platform and $13 billion investment in OpenAI (developer of the famous chatbot ChatGPT). Microsoft Azure's cloud computing business has been rapidly expanding its market share. Azure accounted for a 25% share of global spending on cloud infrastructure services in the third quarter (ended Sept. 30), up from 22% in the same quarter of the prior year. With a global cloud footprint of nearly 60 data center regions and a robust AI infrastructure capable of training and running large language models in real time, Azure has become a major growth catalyst for Microsoft. Its office productivity business is also showing improvement. While the licensing portion of the business is struggling, enterprises are increasingly opting for cloud-based Microsoft 365 subscriptions. Besides popular applications such as Office, PowerPoint, and Excel, companies are also using premium offerings in cybersecurity, analytics, voice, and compliance through Microsoft 365 subscriptions. The Office 365 business saw robust expansion and a rise in average revenue per user (ARPU). The company also expects Microsoft 365 Copilot, an AI assistant integrated into several of the company's offerings such as Office, Outlook, and GitHub, to attract new paid customers and contribute significant revenue in the coming years. Considering these tailwinds, Microsoft seems to be a compelling pick for 2024. Advanced Micro Devices After rallying nearly 120% in 2023, shares of semiconductor company Advanced Micro Devices have declined by around 6% in 2024. This was based on news of the Dutch government partly revoking ASML Holdings' export license for shipping some lithography machines to China. It seems that the semiconductor companies fear the possibility of the Chinese government retaliating by restricting the export of certain metals. While this worry cannot be ignored, there are several reasons to like the stock. First, AMD's EPYC server processors have been a major beneficiary of the rising demand for high-performance computing at data centers. With organizations increasingly migrating to the cloud, there has been growing demand for high-performance and cost-effective third-generation and fourth-generation EPYC processors. Subsequently, AMD's server chips have captured over a 50% share in the North American hyperscaler market. Second, AMD's server chips currently have a mid-teens share in the enterprise market. But with partners such as Hewlett Packard Enterprise, Dell Technologies, and Super Micro Computer expanding their portfolio of AMD products, the company expects more from the enterprise segment in the coming years. Third, AMD expects the data-center AI accelerator market to reach over $400 billion by 2027. To capitalize on this opportunity, the company has launched the MI300 family of chips optimized for AI workloads. The MI300 is competitive with Nvidia's H100 chip in training large language models, but it could prove even better with large language models (running them in a real-time environment) due to its high memory bandwidth. Hence, AMD expects MI300 revenue to surpass $2 billion in fiscal 2024 and is working to ensure a sufficient supply of these chips. Lastly, AMD's investments in developing its software and ecosystem have also helped drive the adoption of its hardware. The company has made strategic acquisitions such as Mipsology and Nod.ai to further enhance its AI software. So even though AMD's current valuation of 9.5 times sales is higher than its three-year average of 8, investors can consider paying this premium to get a piece of the action in this solid growth stock. Should you invest $1,000 in Microsoft right now? Before you buy stock in Microsoft, 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 Microsoft 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 ASML, Advanced Micro Devices, Microsoft, and Nvidia. 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 even though AMD's current valuation of 9.5 times sales is higher than its three-year average of 8, investors can consider paying this premium to get a piece of the action in this solid growth stock. Here's why Microsoft (NASDAQ: MSFT) and Advanced Micro Devices (NASDAQ: AMD) fit the bill. First, AMD's EPYC server processors have been a major beneficiary of the rising demand for high-performance computing at data centers.

But with partners such as Hewlett Packard Enterprise, Dell Technologies, and Super Micro Computer expanding their portfolio of AMD products, the company expects more from the enterprise segment in the coming years. Here's why Microsoft (NASDAQ: MSFT) and Advanced Micro Devices (NASDAQ: AMD) fit the bill. First, AMD's EPYC server processors have been a major beneficiary of the rising demand for high-performance computing at data centers.

Here's why Microsoft (NASDAQ: MSFT) and Advanced Micro Devices (NASDAQ: AMD) fit the bill. First, AMD's EPYC server processors have been a major beneficiary of the rising demand for high-performance computing at data centers. Subsequently, AMD's server chips have captured over a 50% share in the North American hyperscaler market.

Here's why Microsoft (NASDAQ: MSFT) and Advanced Micro Devices (NASDAQ: AMD) fit the bill. First, AMD's EPYC server processors have been a major beneficiary of the rising demand for high-performance computing at data centers. Subsequently, AMD's server chips have captured over a 50% share in the North American hyperscaler market.

170230.0

2024-01-07 00:00:00 UTC

5 Stocks You Can Confidently Invest $500 in Right Now

AMD

https://www.nasdaq.com/articles/5-stocks-you-can-confidently-invest-%24500-in-right-now-14

It's a new year, the best time yet to start investing. After all, compounding does its best work late. The sooner you start, the more wealth you'll build over time. One of my favorite aspects of investing is that the stock market doesn't discriminate. You can prosper whether you're already well-off or starting with just $500. Everyone can benefit from owning stocks. Putting pen to paper -- deciding which stocks to own (with thousands to choose from) can be the hardest part of the process. This list is a great reference for those looking for a starting point. Here are five great stocks you can confidently buy for the long term...and $500 will get you at least one share of every stock. 1. Palantir Technologies Software company Palantir Technologies (NYSE: PLTR) hasn't been around long, but it's already made a name on Wall Street. The company builds specialized software for government and enterprise customers on its proprietary platforms. This software helps analyze data and aid in real-time decision-making. Palantir's technology is helping optimize supply chains, detect financial fraud, run military operations, and more. PLTR Total Return Price data by YCharts. The company launched its Artificial Intelligence Platform (AIP) in 2023, a platform for launching artificial intelligence (AI) models. There's already been tremendous demand, which should bode well for Palantir's long-term growth prospects. The stock has outperformed the market since going public, and that could continue if AI is the investing opportunity it appears to be. 2. Advanced Micro Devices AI requires tremendous computing power, which boils down to the chips that power the computers. Advanced Micro Devices (NASDAQ: AMD) has an enormous growth opportunity ahead, even if rival Nvidia has gotten most of the hype. AMD recently announced a new generation of AI chips it claims can outperform Nvidia's core data center product, its H100 series. AMD Total Return Price data by YCharts. AMD's CEO, Lisa Su, believes the AI chip market could hit $400 billion by 2027, setting the company up for solid growth if it can capture a slice of that opportunity. AMD has historically outperformed the broader market as technology advances demand more (and increasingly advanced) chips. Don't overlook AMD as a long-term AI stock. 3. Nike A common investing tip is to buy what you know. Sports apparel giant Nike (NYSE: NKE) is one of the world's most recognizable brands. Sports are a part of global culture, and the company's success in tying its brand to the sporting world's biggest names has fostered years of market-beating growth. Today, Nike has a $165 billion market cap, so blistering returns may be harder to come by simply because of how big the company is. NKE Total Return Price data by YCharts. But don't count the Swoosh out. Nike has evolved, building a blossoming direct-to-consumer business that helps it engage directly with customers and cut out some of the cost of selling through wholesalers. The company's global recognition should help to keep pushing the ball forward in emerging markets like India and China, where consumer spending still has room to grow. 4. Shopify Most people know that Amazon dominates online shopping in the United States. Shopify (NYSE: SHOP) is helping companies worldwide compete with Amazon. The company's software platform makes it simple for merchants to set up and run an online store. Shopify's users range from single entrepreneurs to corporations. Collectively, $56 billion in transactions flowed through Shopify in Q3, so all those shops add up to big business. SHOP Total Return Price data by YCharts. Consumer spending is crucial to the North American economy. In the United States, just 15% of retail is online after decades of growth. In other words, the growth story of e-commerce is nowhere near over. Shopify should continue riding this trend for years, helping millions of businesses compete with the industry's biggest players worldwide. 5. Walt Disney This stock needs little introduction. The Walt Disney Company (NYSE: DIS) is a media behemoth, home to Disney's collection of intellectual property, including Pixar, Star Wars, Marvel, Disney, ESPN, and more. It's leaned on its media to create theme parks, cruise lines, and merchandise found worldwide. Ironically, despite its fame, it's the only stock on this list that hasn't beaten the broader market over its lifetime. DIS Total Return Price data by YCharts. The company began pivoting to streaming, launching Disney+ in 2019. It's been a few challenging years as Disney sought to grow its streaming memberships over making money. With over 100 million households using Disney+, that could begin to change. It's hard not to see Disney's powerful cache of media not creating value for shareholders over the long run. Should you invest $1,000 in Palantir Technologies right now? Before you buy stock in Palantir Technologies, 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 Palantir Technologies 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. Justin Pope has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Amazon, Nike, Nvidia, Palantir Technologies, Shopify, and Walt Disney. The Motley Fool recommends the following options: long January 2025 $47.50 calls on Nike. 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 CEO, Lisa Su, believes the AI chip market could hit $400 billion by 2027, setting the company up for solid growth if it can capture a slice of that opportunity. Advanced Micro Devices (NASDAQ: AMD) has an enormous growth opportunity ahead, even if rival Nvidia has gotten most of the hype. AMD recently announced a new generation of AI chips it claims can outperform Nvidia's core data center product, its H100 series.

Advanced Micro Devices (NASDAQ: AMD) has an enormous growth opportunity ahead, even if rival Nvidia has gotten most of the hype. AMD recently announced a new generation of AI chips it claims can outperform Nvidia's core data center product, its H100 series. AMD Total Return Price data by YCharts.

Advanced Micro Devices (NASDAQ: AMD) has an enormous growth opportunity ahead, even if rival Nvidia has gotten most of the hype. AMD recently announced a new generation of AI chips it claims can outperform Nvidia's core data center product, its H100 series. AMD Total Return Price data by YCharts.

Advanced Micro Devices (NASDAQ: AMD) has an enormous growth opportunity ahead, even if rival Nvidia has gotten most of the hype. AMD recently announced a new generation of AI chips it claims can outperform Nvidia's core data center product, its H100 series. AMD Total Return Price data by YCharts.

170231.0

2024-01-07 00:00:00 UTC

My Top 10 Stocks for 2024 and Beyond

AMD

https://www.nasdaq.com/articles/my-top-10-stocks-for-2024-and-beyond

As 2024 begins, there are opportunities and threats across the market. Investors looking to set up their portfolios for success should look at more than what happened in 2023 and instead look at where there's long-term, sustainable business momentum from companies. In this video, Travis Hoium covers four trends to watch in 2024 and 10 stocks that could outperform the market. *Stock prices used were end-of-day prices of Jan. 5, 2023. The video was published on Jan. 5, 2024. Should you invest $1,000 in Spotify Technology right now? Before you buy stock in Spotify Technology, 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 Spotify Technology 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. 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. Travis Hoium has positions in Airbnb, Alphabet, General Motors, MGM Resorts International, On Holding, Peloton Interactive, Portillo's, Spotify Technology, Verizon Communications, and Zillow Group. The Motley Fool has positions in and recommends Advanced Micro Devices, Airbnb, Alphabet, Amazon, Meta Platforms, Microsoft, Netflix, Nvidia, Peloton Interactive, Spotify Technology, Tesla, and Zillow Group. The Motley Fool recommends General Motors and Verizon Communications and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium 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.

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Airbnb, Alphabet, General Motors, MGM Resorts International, On Holding, Peloton Interactive, Portillo's, Spotify Technology, Verizon Communications, and Zillow Group. The Motley Fool has positions in and recommends Advanced Micro Devices, Airbnb, Alphabet, Amazon, Meta Platforms, Microsoft, Netflix, Nvidia, Peloton Interactive, Spotify Technology, Tesla, and Zillow Group.

Travis Hoium has positions in Airbnb, Alphabet, General Motors, MGM Resorts International, On Holding, Peloton Interactive, Portillo's, Spotify Technology, Verizon Communications, and Zillow Group. The Motley Fool has positions in and recommends Advanced Micro Devices, Airbnb, Alphabet, Amazon, Meta Platforms, Microsoft, Netflix, Nvidia, Peloton Interactive, Spotify Technology, Tesla, and Zillow Group. The Motley Fool recommends General Motors and Verizon Communications and recommends the following options: long January 2025 $25 calls on General Motors.

Before you buy stock in Spotify Technology, 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 Spotify Technology wasn't one of them. 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. The Motley Fool has positions in and recommends Advanced Micro Devices, Airbnb, Alphabet, Amazon, Meta Platforms, Microsoft, Netflix, Nvidia, Peloton Interactive, Spotify Technology, Tesla, and Zillow Group.

Before you buy stock in Spotify Technology, 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 Spotify Technology wasn't one of them. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. Travis Hoium has positions in Airbnb, Alphabet, General Motors, MGM Resorts International, On Holding, Peloton Interactive, Portillo's, Spotify Technology, Verizon Communications, and Zillow Group.

170232.0

2024-01-07 00:00:00 UTC

Guru Fundamental Report for AMD

AMD

https://www.nasdaq.com/articles/guru-fundamental-report-for-amd-64

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.

170218.0

2024-01-08 00:00:00 UTC

4 Electronics Semiconductor Stocks to Escape Macro Headwinds

AMD

https://www.nasdaq.com/articles/4-electronics-semiconductor-stocks-to-escape-macro-headwinds

The challenging global macroeconomic environment and end-market volatility have affected the Zacks Electronics - Semiconductors industry. Geo-political tensions, unfavorable forex and rising inflationary pressure also weigh heavily on the industry’s prospects. Nevertheless, industry players like Advanced Micro Devices AMD, ASE Technology ASX, Cirrus Logic CRUS and QuickLogic QUIK have been benefiting from the increasing demand for high-volume consumer electronic devices, such as digital media players, smartphones and tablets, and the strong uptake of efficient packaging, machine vision solutions and robotics. Additionally, the growing proliferation of AI, Machine Learning, Blockchain, Internet of Things, Augmented Reality/Virtual Reality (AR/VR) and industrial revolution 4.0 (which focuses on interconnectivity and automation) should continue to drive the industry’s growth. Easing supply-chain constraints are also benefiting the industry participants. Industry Description The Zacks Electronics – Semiconductors industry comprises firms that provide a wide range of semiconductor technologies. Their offerings include packaging and test services, wafer cleaning, factory automation, face detection and image-recognition capabilities to develop intelligent and connected products. The participants primarily cater to end-markets constituting consumer electronics, communications, computing, industrial and automotive. These companies are raising their spending on research and development to stay afloat in an era of technological advancements and changing industry standards. The underlined industry is experiencing solid demand for advanced electronic equipment, helping these firms increase their investments in cost-effective process technologies. What's Shaping the Future of the Electronics - Semiconductors Industry? Macroeconomic Headwinds Pose Concerns: Rising inflationary pressure and fears of global recession have negatively impacted the rate of deal wins. Due to the challenging macroeconomic scenario, enterprises are reluctant to sign multi-year deals worldwide. These trends do not bode well for the industry participants. Geo-political Tensions Are Worrisome: The ongoing Russia-Ukraine war and, most importantly, the souring relationship between the United States and China are creating headwinds. Increasing dependency on AI-backed electronic devices on semiconductors and current restrictions ordered by the United States on trading with China, the main hub for chip production, is a significant negative for the underlined industry. Smart Devices Aiding Computing Demand: Smart devices need computing and learning capabilities to perform face detection, image recognition and video analytics capabilities. These require high processing power, speed and memory; low power consumption; and better graphic processors and solutions, which bode well for the industry. Graphic solutions help increase the image rendering rate, and improve image resolution and color definition. Zacks Industry Rank Indicates Bleak Prospects The Zacks Electronics - Semiconductors industry is housed within the broader Zacks Computer and Technology sector. It currently carries a Zacks Industry Rank #189, which places it in the bottom 25% of more than 250 Zacks industries. The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates solid near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. The industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of the negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are pessimistic about this group’s earnings growth potential. Since Sep 30, 2023, the industry’s earnings estimates for the current year have moved 4.2% down. Despite the gloomy industry outlook, a few stocks have the potential to outperform the market based on a strong earnings outlook. But before we present the top industry choices, it is worth taking a look at the industry’s shareholder returns and current valuation first. Industry Outperforms S&P 500 & Sector The Zacks Electronics - Semiconductors industry has outperformed the Zacks S&P 500 composite and surpassed the broader Zacks Computer and Technology sector in the past year. The companies in the industry have collectively surged 74.6% compared with the S&P 500 and the broader sector’s rallies of 22% and 45.1%, respectively. One-Year Price Performance Industry's Current Valuation On the basis of the forward 12-month price-to-earnings ratio, which is a commonly used multiple for valuing electronics semiconductors stocks, the industry is currently trading at 25.67X versus the S&P 500 and the sector’s 19.6X and 24.04X, respectively. Over the past five years, the industry has traded as high as 44.41X, as low as 9.35X and recorded a median of 16.55X, as the chart below shows. Price/Earnings Ratio (F12M) 4 Electronics Semiconductor Stocks to Watch Cirrus Logic: Austin, TX-headquartered CRUS is gaining from strong customer engagement across its portfolio. Strength across Cirrus Logic’s audio and haptic solutions remains a plus point. Growing momentum across advanced power and battery-related technologies is a positive. The Zacks Rank #1 (Strong Buy) company, which develops, manufactures and markets analog, mixed-signal and audio DSP integrated circuits, is expected to gain well from its deepening focus on next-generation technology like wearables, gaming and AR/VR. The company is increasing the production of its camera controller product for smartphones, which is another positive. You can see the complete list of today’s Zacks #1 Rank stocks here. Cirrus Logic has lost 4% in the past year. The Zacks Consensus Estimate for the company’s fiscal 2024 earnings has moved north by 0.4% to $5.26 per share in the past 60 days. Price and Consensus: CRUS QuickLogic: The San Jose, CA-based company develops ultra-low-power multi-core voice-enabled SoCs, embedded FPGA IP and Endpoint AI solutions. QUIK is gaining from the growing demand for its IP-related products. Strength in its technology and Australis IP generator is noteworthy. A solid momentum in QuickLogic’s Strategic Radiation Hardened FPGA Technology is another major positive. Growing contributions from the large government contract for this particular technology are driving the company’s top-line growth. Apart from this, the Zacks Rank #2 (Buy) company is benefiting from increasing conversions from funnel opportunities, which are leading to new bookings. QuickLogic has gained 153.8% in the past year. The Zacks Consensus Estimate for QUIK’s 2023 earnings has moved north by 120% to 11 cents per share over the last 60 days. Price and Consensus: QUIK Advanced Micro Devices: The Santa Clara-based 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 AMD’s top-line growth. The Zacks Rank #3 (Hold) company offers a wide range of high-performance and adaptive processor technologies, combining CPUs, GPUs, FPGAs, Adaptive SoCs and deep software expertise. The company expects to witness strong growth in the data center market, thanks to the solid adoption of fourth-generation AMD EPYC CPUs. Advanced Micro Devices has gained 106.1% in a year. The Zacks Consensus Estimate for AMD’s 2023 earnings was unchanged at $2.65 per share over the last 60 days. Price and Consensus: AMD ASE Technology: The Taiwan-based provider of semiconductor manufacturing services in assembly and test is gaining from its robust ATM business, which is riding on the solid momentum across product categories, such as wire-bond and advanced packaging, test solutions, consumer, communications, and computing. The strengthening utilization of ATM factory lines remains another positive. The increasing use of advanced packaging in applications across computing and communications end markets is a tailwind for ASX. The Zacks Rank #3 company is well-positioned to capitalize on the increased consumer demand for small and delicate electronics solutions on strength in wire-bonded products and advanced packaging. ASE Technology has gained 24.6% in the past year. The Zacks Consensus Estimate for ASX’s 2023 earnings was unchanged at 44 cents per share over the last 60 days. Price and Consensus: ASX Just Released: Zacks Top 10 Stocks for 2024 Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential. See 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 Cirrus Logic, Inc. (CRUS) : Free Stock Analysis Report QuickLogic Corporation (QUIK) : Free Stock Analysis Report ASE Technology Holding Co., Ltd. (ASX) : 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.

Nevertheless, industry players like Advanced Micro Devices AMD, ASE Technology ASX, Cirrus Logic CRUS and QuickLogic QUIK have been benefiting from the increasing demand for high-volume consumer electronic devices, such as digital media players, smartphones and tablets, and the strong uptake of efficient packaging, machine vision solutions and robotics. The launch of the Ryzen 8040 series processor with Ryzen AI and Instinct MI300 Series data center AI accelerators bodes well for AMD’s top-line growth. The company expects to witness strong growth in the data center market, thanks to the solid adoption of fourth-generation AMD EPYC CPUs.

Nevertheless, industry players like Advanced Micro Devices AMD, ASE Technology ASX, Cirrus Logic CRUS and QuickLogic QUIK have been benefiting from the increasing demand for high-volume consumer electronic devices, such as digital media players, smartphones and tablets, and the strong uptake of efficient packaging, machine vision solutions and robotics. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Cirrus Logic, Inc. (CRUS) : Free Stock Analysis Report QuickLogic Corporation (QUIK) : Free Stock Analysis Report ASE Technology Holding Co., Ltd. (ASX) : Free Stock Analysis Report To read this article on Zacks.com click here. The launch of the Ryzen 8040 series processor with Ryzen AI and Instinct MI300 Series data center AI accelerators bodes well for AMD’s top-line growth.

Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Cirrus Logic, Inc. (CRUS) : Free Stock Analysis Report QuickLogic Corporation (QUIK) : Free Stock Analysis Report ASE Technology Holding Co., Ltd. (ASX) : Free Stock Analysis Report To read this article on Zacks.com click here. Nevertheless, industry players like Advanced Micro Devices AMD, ASE Technology ASX, Cirrus Logic CRUS and QuickLogic QUIK have been benefiting from the increasing demand for high-volume consumer electronic devices, such as digital media players, smartphones and tablets, and the strong uptake of efficient packaging, machine vision solutions and robotics. The launch of the Ryzen 8040 series processor with Ryzen AI and Instinct MI300 Series data center AI accelerators bodes well for AMD’s top-line growth.

Nevertheless, industry players like Advanced Micro Devices AMD, ASE Technology ASX, Cirrus Logic CRUS and QuickLogic QUIK have been benefiting from the increasing demand for high-volume consumer electronic devices, such as digital media players, smartphones and tablets, and the strong uptake of efficient packaging, machine vision solutions and robotics. The launch of the Ryzen 8040 series processor with Ryzen AI and Instinct MI300 Series data center AI accelerators bodes well for AMD’s top-line growth. The company expects to witness strong growth in the data center market, thanks to the solid adoption of fourth-generation AMD EPYC CPUs.

170219.0

2024-01-08 00:00:00 UTC

3 Technology Titans Poised for Massive Growth

AMD

https://www.nasdaq.com/articles/3-technology-titans-poised-for-massive-growth

InvestorPlace - Stock Market News, Stock Advice & Trading Tips If you invested in just about any of the big tech stocks earlier last year, chances are you made a decent return by year’s end. The Nasdaq, which tracks many of the major technology equities, rose by 43.4% in 2023, beating all other major indices. Now that we’re in 2024, it’s time to reexamine some of these tech giants and see which ones are poised for massive growth in the coming quarters. Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Last year, Advanced Micro Devices (NASDAQ:AMD), one of the more prominent fabless CPU and GPU makers in the market, announced how it would tackle the AI market. In particular, during their second-quarter earnings report, the chipmaker finally announced the MI300x GPU chipset, which will compete directly with Nvidia’s A100 and H100 chips used to train LLMs. The chipmaker announced it expects to sell $2 billion in AI chips next year. While, in 2023, AMD’s shares performed somewhat inconsistently due to traders betting on the company’s long-awaited AI chips but at the same time bearing worries about the slowing PC market, AMD’s stock more than doubled and could be on its way to another great year. 2024 will have to be the year AMD proves it can compete with Nvidia (NASDAQ:NVDA) in churning out high-performance chips for large language models (LLMs) and data centers. AMD has definitely overcome competitors as an underdog, and it would not surprise me if the chipmaker did it again. CrowdStrike (CRWD) Source: Michael Vi / Shutterstock CrowdStrike (NASDAQ:CRWD) is a cybersecurity firm on the rise, and the company has undoubtedly come a long way. According to IDC, CrowdStrike was the largest player in the Worldwide Endpoint Security market in 2022, even outpacing Microsoft (NASDAQ:MSFT). CrowdStrike specializes in cloud-based endpoint protection and threat intelligence services. The company’s comprehensive platform leverages artificial intelligence, behavioral analytics, and threat intelligence to detect and prevent breaches. CrowdStrike’s shares have climbed more than 140% by the end of 2023. The stock’s market cap currently exceeds $62 billion. As the company continues to leverage AI in its endpoint security products, CrowdStrike could attract more customers and grow its business. Multiple earnings beats in 2023 show CrowdStrike’s solutions were in demand despite a volatile macro-environment. Many enterprises have cybersecurity at the forefront of their digital transformation efforts and uncertainty in the economy is less likely to upend those plans. CrowdStrike has much to benefit from here. Meta Platforms (META) Source: Chinnapong / Shutterstock.com Having a massive user base of nearly 4.0 billion monthly active users across its family of apps including Facebook, Instagram, WhatsApp, and Messenger, Meta Platforms (NASDAQ:META) is the third company on this list that is ready for massive growth. The number of cumulative users alone gives Meta an impressive edge in building out and testing its novel social media endeavor. Today, Meta Platforms has focused on pioneering contemporary metaverse conceptualization. While Meta had certainly dipped its toes in virtual reality (VR) in the past, lately the social media giant has plowed more capital into Facebook Reality Labs, a research division that develops cutting-edge technologies for augmented reality, haptics, and neural interfaces. Operational efficiencies and decent revenue growth brought Meta a very profitable Q3 2023. This can also prepare the company to focus resources on its most innovative products, which could catapult the company into an era of renewed growth. On the date of publication, Tyrik Torres 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 Technology Titans Poised for Massive Growth 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.

2024 will have to be the year AMD proves it can compete with Nvidia (NASDAQ:NVDA) in churning out high-performance chips for large language models (LLMs) and data centers. Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Last year, Advanced Micro Devices (NASDAQ:AMD), one of the more prominent fabless CPU and GPU makers in the market, announced how it would tackle the AI market. While, in 2023, AMD’s shares performed somewhat inconsistently due to traders betting on the company’s long-awaited AI chips but at the same time bearing worries about the slowing PC market, AMD’s stock more than doubled and could be on its way to another great year.

Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Last year, Advanced Micro Devices (NASDAQ:AMD), one of the more prominent fabless CPU and GPU makers in the market, announced how it would tackle the AI market. While, in 2023, AMD’s shares performed somewhat inconsistently due to traders betting on the company’s long-awaited AI chips but at the same time bearing worries about the slowing PC market, AMD’s stock more than doubled and could be on its way to another great year. 2024 will have to be the year AMD proves it can compete with Nvidia (NASDAQ:NVDA) in churning out high-performance chips for large language models (LLMs) and data centers.

Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Last year, Advanced Micro Devices (NASDAQ:AMD), one of the more prominent fabless CPU and GPU makers in the market, announced how it would tackle the AI market. While, in 2023, AMD’s shares performed somewhat inconsistently due to traders betting on the company’s long-awaited AI chips but at the same time bearing worries about the slowing PC market, AMD’s stock more than doubled and could be on its way to another great year. 2024 will have to be the year AMD proves it can compete with Nvidia (NASDAQ:NVDA) in churning out high-performance chips for large language models (LLMs) and data centers.

While, in 2023, AMD’s shares performed somewhat inconsistently due to traders betting on the company’s long-awaited AI chips but at the same time bearing worries about the slowing PC market, AMD’s stock more than doubled and could be on its way to another great year. Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Last year, Advanced Micro Devices (NASDAQ:AMD), one of the more prominent fabless CPU and GPU makers in the market, announced how it would tackle the AI market. 2024 will have to be the year AMD proves it can compete with Nvidia (NASDAQ:NVDA) in churning out high-performance chips for large language models (LLMs) and data centers.

170220.0

2024-01-08 00:00:00 UTC

The 3 Best Machine Learning Stocks to Buy in January 2024

AMD

https://www.nasdaq.com/articles/the-3-best-machine-learning-stocks-to-buy-in-january-2024

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Machine learning is transforming sectors including healthcare and transportation, offering lucrative opportunities in the best machine learning stocks. However, investors should approach cautiously, as not all stocks in this sector ensure returns. Discernment is key, as many firms claim advanced machine learning needs more solid business models or definitive applications. Moreover, this sector branches into specialized niches, including data analysis and artificial intelligence (AI), with machine learning being a key driver. Some businesses have made remarkable strides in this space, demonstrating commendable growth and innovation. Their work within machine learning is remarkable, effectively reshaping the way we interact with technology. Subsequently, Statista projects that the machine-learning market will reach $204.30 billion by 2024. Furthermore, machine learning stocks are gaining momentum, reflecting a growing fascination with AI. This expanding field holds substantial growth prospects, offering investors opportunities to support the innovators shaping our tech future. For those seeking the next breakthrough, machine learning stocks could be the secret to forge the billionaires of tomorrow. Amazon (AMZN) Source: Claudio Divizia / Shutterstock.com Amazon (NASDAQ:AMZN) has impressively evolved from a garage startup to the world’s second-largest company by revenue. A significant part of its 2023 success was achieving the fastest delivery speeds ever, particularly boosting its appeal in the consumables and everyday essentials market. Impressively, Amazon shows robust growth in its financial performance, notably in the third quarter, with EPS of 94 cents, smashing the 60 cents forecast. The company revenue soared by 12.6% year over year (YOY) to $143.1 billion, beating expectations by $1.54 billion and showcasing its market strength and efficiency. Furthermore, Amazon is boosting its Prime Video game, bringing in a pro from Walt Disney for its advertising push. Additionally, Amazon has been focused on developing a platform that appeals to businesses for machine learning purposes, creating a workflow pipeline to onboard companies of various sizes. This effort leverages AWS cloud technology to build AI models. Nvidia (NVDA) Source: Sergio Photone / Shutterstock.com Nvidia (NASDAQ:NVDA) is pushing the frontiers of quantum computing with its cuQuantum project, revolutionizing qubit simulation. Simultaneously, it’s spicing up the AI realm with the Omniverse Cloud, enabling developers to master Isaac AMRs for sophisticated, AI-enhanced robotics. This fusion of high-tech and utility delivers innovation with a snazzy edge. In the third quarter, Nvidia’s financials were impressive. Their non-GAAP earnings per share soared to $4.02, surpassing estimates by 63 cents. Revenue rocketed to $18.12 billion, up an astonishing 205.6% YOY. Also, data center revenue hit a new high of $14.51 billion, cementing Nvidia’s strong standing in the tech sector. Furthermore, unveiling the GeForce RTX 4090D GPU in China gave Nvidia’s stock an additional boost. Analyst Vivek Arya, holding a confident $700 price target, forecasts the company will generate an impressive $100 billion incremental free cash flow over 2024 and 2025. Nvidia is not just playing in the tech arena; it’s setting new benchmarks, making it a standout choice for investors. Advanced Micro Devices Source: Pamela Marciano / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD), with a market capitalization of 244 billion, solidifies its prominent status in the semiconductor sector. Endorsed by investment firm UBS alongside Micron Technology (NASDAQ:MU) for 2024, AMD’s robust market presence and growth prospects are recognized, signaling a promising future. Financially, In the third quarter, AMD’s non-GAAP earnings per share reached 70 cents, exceeding estimates by 2 cents. Revenue rose to $5.8 billion, a 4.1% increase from last year, beating expectations by $110 million. Particularly, client segment revenue, driven by robust Ryzen mobile processor sales, soared to $1.5 billion, up 42% YOY. Moreover, AMD isn’t just riding the wave. It’s making its own with the MI300 chips, poised as rivals to Nvidia’s H100. This strategic move has attracted tech giants like Meta Platforms (NASDAQ:META) and Microsoft (NASDAQ:MSFT), who are lining up for AMD’s innovative chips. In the high-stakes semiconductor game, AMD is not just playing. It’s setting the pace. 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 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 Best Machine Learning Stocks to Buy in January 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.

Endorsed by investment firm UBS alongside Micron Technology (NASDAQ:MU) for 2024, AMD’s robust market presence and growth prospects are recognized, signaling a promising future. Advanced Micro Devices Source: Pamela Marciano / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD), with a market capitalization of 244 billion, solidifies its prominent status in the semiconductor sector. Financially, In the third quarter, AMD’s non-GAAP earnings per share reached 70 cents, exceeding estimates by 2 cents.

Advanced Micro Devices Source: Pamela Marciano / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD), with a market capitalization of 244 billion, solidifies its prominent status in the semiconductor sector. Endorsed by investment firm UBS alongside Micron Technology (NASDAQ:MU) for 2024, AMD’s robust market presence and growth prospects are recognized, signaling a promising future. Financially, In the third quarter, AMD’s non-GAAP earnings per share reached 70 cents, exceeding estimates by 2 cents.

Advanced Micro Devices Source: Pamela Marciano / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD), with a market capitalization of 244 billion, solidifies its prominent status in the semiconductor sector. Endorsed by investment firm UBS alongside Micron Technology (NASDAQ:MU) for 2024, AMD’s robust market presence and growth prospects are recognized, signaling a promising future. Financially, In the third quarter, AMD’s non-GAAP earnings per share reached 70 cents, exceeding estimates by 2 cents.

In the high-stakes semiconductor game, AMD is not just playing. Advanced Micro Devices Source: Pamela Marciano / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD), with a market capitalization of 244 billion, solidifies its prominent status in the semiconductor sector. Endorsed by investment firm UBS alongside Micron Technology (NASDAQ:MU) for 2024, AMD’s robust market presence and growth prospects are recognized, signaling a promising future.

170221.0

2024-01-08 00:00:00 UTC

If You Can Only Buy One AI Stock in January, It Better Be One of These 3 Names

AMD

https://www.nasdaq.com/articles/if-you-can-only-buy-one-ai-stock-in-january-it-better-be-one-of-these-3-names

InvestorPlace - Stock Market News, Stock Advice & Trading Tips The artificial intelligence (AI) boom shows no signs of cooling, creating significant opportunity for AI stocks. First, we have to consider tech heavyweights that are investing billions into it. Next, analysts at Next Move Strategy Consulting say the AI market, currently valued at about $100 billion, could grow twenty-fold by 2030 to more than $2 trillion. Finally, according to analysts at UBS, “If the launch of the ChatGPT application is the iPhone moment for the AI industry, the recent rollouts of numerous applications like copilots and features like Turbo and vision from OpenAI in 4Q23 mean the App Store moment for the AI industry has arrived, in our view,” as noted by Business Insider. Therefore, some of the top AI stocks are trading at a temporary discount. So, let’s explore them next. Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Considering recent weakness in AI stocks, Advanced Micro Devices (NASDAQ:AMD) is an opportunity. For one, it’s technically attractive. After slipping from about $150 to $133, the tech stock appears to have caught strong support. From its current price of $138.58, I’d like to see it initially retest $150, and eventually run to $200. Also, AMD is a massive player in the AI market, especially with its new MI300X accelerator chip. That is expected to generate about $2 billion in revenue this year. Further, high-demand for AI chips should fuel a greater significant upside in tech stocks, like AMD. Even better, UBS analysts still have AMD listed as a top pick in the semiconductor space for the year. Also, analysts at Truist raised their price target on AMD to $154 from $98. Mizuho analysts raised their price target to $162 from $130, with a buy rating, as well. Qualcomm (QCOM) Source: nikkimeel / Shutterstock.com Qualcomm (NASDAQ:QCOM) could see higher highs, too. After running from about $105 to a high of $146.89, QCOM did pull back recently, finding support at $135. From here, I’d like to see it retest that prior high and potentially head back to $150. Also, the company recently unveiled its Snapdragon 7 Gen 3. QCOM notes that its components “deliver across-the-board advancements to ignite on-device AI,” as quoted by Engagdet.com. Analysts like QCOM at current prices, too. For example, Mizuho just raised its price target to $155 from $140. Also, Bernstein analysts raised their price target to $160 from 145, with an outperform rating. “Qualcomm is pioneering AI-enabled chip technology, a move set to revolutionize mobile computing,” as noted by Investorplace contributor Muslim Farooque. “Despite earlier challenges from sluggish phone sales and reduced 5G investment, the company’s rebound, backed by solid earnings, signifies market stabilization and resilience.” Global X Robotics & Artificial Intelligence ETF (BOTZ) Global X Funds logo. (PRNewsFoto/Global X Funds) Or, maybe diversification among top AI names is best for you. At less cost, you can always invest in an ETF like the Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ). After slipping from about $28.50 to $26.84, the ETF appears to have caught strong support. In fact, it could rally higher from here. From its current price of $26.84, I’d like to see it initially test $31 a share. With an expense ratio of 0.69%, the ETF invests in companies that could benefit from increased utilization of robotics and artificial intelligence (AI). And, that includes those involved with industrial robotics and automation, non-industrial robots, and autonomous vehicles. Some of its top holdings include Nvidia (NASDAQ:NVDA) Intuitive Surgical (NASDAQ:ISRG), C3.ai (NYSE:AI), and Upstart (NASDAQ:UPST) to name a few of the top ones. The nice thing about an ETF, such as BOTZ, is that you’ll pay less for greater exposure. For example, one share of BOTZ will cost you $26.84. If you wanted 100 shares, it’s $2,684. Or, you can buy one share of NVDA for $491, or $49,100 for 100 shares. 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 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 If You Can Only Buy One AI Stock in January, It Better Be One of These 3 Names 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 Considering recent weakness in AI stocks, Advanced Micro Devices (NASDAQ:AMD) is an opportunity. Also, AMD is a massive player in the AI market, especially with its new MI300X accelerator chip. Further, high-demand for AI chips should fuel a greater significant upside in tech stocks, like AMD.

Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Considering recent weakness in AI stocks, Advanced Micro Devices (NASDAQ:AMD) is an opportunity. Also, AMD is a massive player in the AI market, especially with its new MI300X accelerator chip. Further, high-demand for AI chips should fuel a greater significant upside in tech stocks, like AMD.

Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Considering recent weakness in AI stocks, Advanced Micro Devices (NASDAQ:AMD) is an opportunity. Also, AMD is a massive player in the AI market, especially with its new MI300X accelerator chip. Further, high-demand for AI chips should fuel a greater significant upside in tech stocks, like AMD.

Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com Considering recent weakness in AI stocks, Advanced Micro Devices (NASDAQ:AMD) is an opportunity. Also, AMD is a massive player in the AI market, especially with its new MI300X accelerator chip. Further, high-demand for AI chips should fuel a greater significant upside in tech stocks, like AMD.

170222.0

2024-01-08 00:00:00 UTC

US STOCKS-Nasdaq ends higher as yields fall, Boeing curbs gains on Dow

AMD

https://www.nasdaq.com/articles/us-stocks-nasdaq-ends-higher-as-yields-fall-boeing-curbs-gains-on-dow

By Chuck Mikolajczak NEW YORK, Jan 8 (Reuters) - The Nasdaq scored its first gain of at least 1% in 2024 on Monday, as a fall in Treasury yields helped lift megacap stocks, while a sharp drop in Boeing shares kept gains on the Dow Industrials in check. Megacaps advanced, lifting stocks such as Amazon.com AMZN.O which closed up 2.66% and Alphabet GOOGL.O, which rose 2.29%, as Treasury yields fell ahead of readings on inflation and a new supply of government debt this week, with the benchmark 10-year U.S. Treasury yield US10YT=R hitting a low of 3.966% on the session. In addition, Apple AAPL.O climbed 2.42% after the iPhone maker said its Vision Pro mixed-reality device will be available for sale from Feb. 2 in the United States. Nvidia NVDA.O surged 6.3% and fellow chipmaker Advanced Micro Devices AMD.O jumped 5.48%, helping to push the Philadelphia SE Semiconductor Index .SOX up 3.28% as it bounced from a 5.8% drop last week, its biggest weekly percentage fall since October 2022. "This is definitely a yield-driven market for now and investors are trying to discount when and how many rate cuts we will see, the timing and the magnitude of rate cuts," said Bill Merz, head of capital markets research at U.S. Bank Wealth Management in Minneapolis. "Now we're probably in a more rational place in terms of yields and it's a question of, is the market getting that right and are yields falling for the right reasons or the wrong reasons? And investors have so far taken the view that yields are falling for all the right reasons, that the Fed is navigating what thus far has been a soft landing." The Dow Jones Industrial Average .DJI rose 216.90 points, or 0.58%, to 37,683.01, the S&P 500 .SPX gained 66.30 points, or 1.41 %, to 4,763.54 and the Nasdaq Composite .IXIC gained 319.70 points, or 2.20%, to 14,843.77. The gains on the Nasdaq and S&P 500 marked their first daily percentage climbs of more than 1% since Dec. 21 and biggest one-day percentage advances since Nov. 14. Meanwhile, Boeing BA.N shares plunged 8.03% after the plane maker and U.S. regulators gave the go-ahead on Monday for airlines to inspect jets that were grounded after a panel blew off an Alaska Airlines-operated ALK.N 737 MAX 9 in mid-flight which forced a dramatic landing of the airliner over the weekend. The S&P 500 energy index .SPNY was the sole decliner among the 11 S&P 500 sectors, falling 1.16% after hitting its lowest level in a month as crude prices sank about 4% after sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output. On Friday, the benchmark S&P 500 .SPX snapped a nine-week streak of gains, as investors dialed back expectations on the possible aggressiveness of the Federal Reserve in cutting interest rates this year following a mixed bag of economic data on the labor market and services sector. Atlanta Fed President Raphael Bostic said on Monday that the central bank's dual goals of lowering inflation and maintaining low unemployment are not yet in conflict. Money markets now see a 63.8% chance of at least a 25 basis-point (bps) rate cut as soon as March, according to CME's FedWatch Tool, down from 88.5% a week ago. Investors will eye inflation data this week in the form of the consumer price index (CPI) and producer price index (PPI) to shape expectations for the path of interest rates by the Fed. Advancing issues outnumbered decliners by a 3-to-1 ratio on the NYSE while on the Nasdaq, advancing issues outnumbered decliners by a 2.3-to-1 ratio. The S&P 500 posted 13 new 52-week highs and no new lows while the Nasdaq recorded 101 new highs and 92 new lows. (Reporting by Chuck Mikolajczak in New York Editing by Matthew Lewis) ((charles.mikolajczak@tr.com; @ChuckMik;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Nvidia NVDA.O surged 6.3% and fellow chipmaker Advanced Micro Devices AMD.O jumped 5.48%, helping to push the Philadelphia SE Semiconductor Index .SOX up 3.28% as it bounced from a 5.8% drop last week, its biggest weekly percentage fall since October 2022. On Friday, the benchmark S&P 500 .SPX snapped a nine-week streak of gains, as investors dialed back expectations on the possible aggressiveness of the Federal Reserve in cutting interest rates this year following a mixed bag of economic data on the labor market and services sector. Atlanta Fed President Raphael Bostic said on Monday that the central bank's dual goals of lowering inflation and maintaining low unemployment are not yet in conflict.

Nvidia NVDA.O surged 6.3% and fellow chipmaker Advanced Micro Devices AMD.O jumped 5.48%, helping to push the Philadelphia SE Semiconductor Index .SOX up 3.28% as it bounced from a 5.8% drop last week, its biggest weekly percentage fall since October 2022. By Chuck Mikolajczak NEW YORK, Jan 8 (Reuters) - The Nasdaq scored its first gain of at least 1% in 2024 on Monday, as a fall in Treasury yields helped lift megacap stocks, while a sharp drop in Boeing shares kept gains on the Dow Industrials in check. Advancing issues outnumbered decliners by a 3-to-1 ratio on the NYSE while on the Nasdaq, advancing issues outnumbered decliners by a 2.3-to-1 ratio.

Nvidia NVDA.O surged 6.3% and fellow chipmaker Advanced Micro Devices AMD.O jumped 5.48%, helping to push the Philadelphia SE Semiconductor Index .SOX up 3.28% as it bounced from a 5.8% drop last week, its biggest weekly percentage fall since October 2022. By Chuck Mikolajczak NEW YORK, Jan 8 (Reuters) - The Nasdaq scored its first gain of at least 1% in 2024 on Monday, as a fall in Treasury yields helped lift megacap stocks, while a sharp drop in Boeing shares kept gains on the Dow Industrials in check. Megacaps advanced, lifting stocks such as Amazon.com AMZN.O which closed up 2.66% and Alphabet GOOGL.O, which rose 2.29%, as Treasury yields fell ahead of readings on inflation and a new supply of government debt this week, with the benchmark 10-year U.S. Treasury yield US10YT=R hitting a low of 3.966% on the session.

Nvidia NVDA.O surged 6.3% and fellow chipmaker Advanced Micro Devices AMD.O jumped 5.48%, helping to push the Philadelphia SE Semiconductor Index .SOX up 3.28% as it bounced from a 5.8% drop last week, its biggest weekly percentage fall since October 2022. By Chuck Mikolajczak NEW YORK, Jan 8 (Reuters) - The Nasdaq scored its first gain of at least 1% in 2024 on Monday, as a fall in Treasury yields helped lift megacap stocks, while a sharp drop in Boeing shares kept gains on the Dow Industrials in check. "This is definitely a yield-driven market for now and investors are trying to discount when and how many rate cuts we will see, the timing and the magnitude of rate cuts," said Bill Merz, head of capital markets research at U.S. Bank Wealth Management in Minneapolis.

170223.0

2024-01-08 00:00:00 UTC

US STOCKS-Nasdaq rallies as yields fall, Boeing curbs gains on Dow

AMD

https://www.nasdaq.com/articles/us-stocks-nasdaq-rallies-as-yields-fall-boeing-curbs-gains-on-dow

By Chuck Mikolajczak NEW YORK, Jan 8 (Reuters) - The Nasdaq closed with a gain of at least 1% for the first time in 2024 on Monday, as a fall in Treasury yields helped lift megacap stocks, while a sharp drop in Boeing shares kept gains on the Dow Industrials in check. Megacaps such as Amazon.com AMZN.O and Alphabet GOOGL.O gained as Treasury yields fell ahead of readings on inflation and a new supply of government debt this week, with the benchmark 10-year U.S. Treasury yield US10YT=R hitting a low of 3.966% on the session. In addition, Apple AAPL.O also advanced after the iPhone maker said its Vision Pro mixed-reality device will be available for sale from Feb. 2 in the United States. Chipmakers Nvidia NVDA.O and Advanced Micro Devices AMD.O surged and the Philadelphia SE Semiconductor Index .SOX ended up around 3% after dropping 5.8% last week, its biggest weekly percentage fall since October 2022. "This is definitely a yield-driven market for now and investors are trying to discount when and how many rate cuts we will see, the timing and the magnitude of rate cuts," said Bill Merz, head of capital markets research at U.S. Bank Wealth Management in Minneapolis. "Now we're probably in a more rational place in terms of yields and it's a question of, is the market getting that right and are yields falling for the right reasons or the wrong reasons? And investors have so far taken the view that yields are falling for all the right reasons, that the Fed is navigating what thus far has been a soft landing." According to preliminary data, the S&P 500 .SPX gained 66.19 points, or 1.41%, to end at 4,763.51 points, while the Nasdaq Composite .IXIC gained 319.70 points, or 2.20%, to 14,843.77. The Dow Jones Industrial Average .DJI rose 216.44 points, or 0.58%, to 37,682.55. The S&P 500 energy index .SPNY was the sole decliner among the 11 S&P 500 sectors after hitting its lowest level in a month as crude prices sank about 4% after sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output. On Friday, the benchmark S&P 500 .SPX snapped a nine-week streak of gains, as investors dialed back expectations on how aggressive the Federal Reserve would be in cutting interest rates this year following a mixed bag of economic data on the labor market and services sector. Atlanta Fed President Raphael Bostic said on Monday that the central bank's dual goals of lowering inflation and maintaining low unemployment are not yet in conflict. Money markets now see a 63.8% chance of at least a 25 basis-point (bps) rate cut as soon as March, according to CME's FedWatch Tool, down from 88.5% a week ago. Investors will eye inflation data this week in the form of the consumer price index (CPI) and producer price index (PPI) to shape expectations for the path of interest rates by the Fed. (Reporting by Chuck Mikolajczak in New York Editing by Matthew Lewis) ((charles.mikolajczak@tr.com; @ChuckMik;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Chipmakers Nvidia NVDA.O and Advanced Micro Devices AMD.O surged and the Philadelphia SE Semiconductor Index .SOX ended up around 3% after dropping 5.8% last week, its biggest weekly percentage fall since October 2022. On Friday, the benchmark S&P 500 .SPX snapped a nine-week streak of gains, as investors dialed back expectations on how aggressive the Federal Reserve would be in cutting interest rates this year following a mixed bag of economic data on the labor market and services sector. Atlanta Fed President Raphael Bostic said on Monday that the central bank's dual goals of lowering inflation and maintaining low unemployment are not yet in conflict.

Chipmakers Nvidia NVDA.O and Advanced Micro Devices AMD.O surged and the Philadelphia SE Semiconductor Index .SOX ended up around 3% after dropping 5.8% last week, its biggest weekly percentage fall since October 2022. By Chuck Mikolajczak NEW YORK, Jan 8 (Reuters) - The Nasdaq closed with a gain of at least 1% for the first time in 2024 on Monday, as a fall in Treasury yields helped lift megacap stocks, while a sharp drop in Boeing shares kept gains on the Dow Industrials in check. Megacaps such as Amazon.com AMZN.O and Alphabet GOOGL.O gained as Treasury yields fell ahead of readings on inflation and a new supply of government debt this week, with the benchmark 10-year U.S. Treasury yield US10YT=R hitting a low of 3.966% on the session.

Chipmakers Nvidia NVDA.O and Advanced Micro Devices AMD.O surged and the Philadelphia SE Semiconductor Index .SOX ended up around 3% after dropping 5.8% last week, its biggest weekly percentage fall since October 2022. By Chuck Mikolajczak NEW YORK, Jan 8 (Reuters) - The Nasdaq closed with a gain of at least 1% for the first time in 2024 on Monday, as a fall in Treasury yields helped lift megacap stocks, while a sharp drop in Boeing shares kept gains on the Dow Industrials in check. Megacaps such as Amazon.com AMZN.O and Alphabet GOOGL.O gained as Treasury yields fell ahead of readings on inflation and a new supply of government debt this week, with the benchmark 10-year U.S. Treasury yield US10YT=R hitting a low of 3.966% on the session.

Chipmakers Nvidia NVDA.O and Advanced Micro Devices AMD.O surged and the Philadelphia SE Semiconductor Index .SOX ended up around 3% after dropping 5.8% last week, its biggest weekly percentage fall since October 2022. By Chuck Mikolajczak NEW YORK, Jan 8 (Reuters) - The Nasdaq closed with a gain of at least 1% for the first time in 2024 on Monday, as a fall in Treasury yields helped lift megacap stocks, while a sharp drop in Boeing shares kept gains on the Dow Industrials in check. "This is definitely a yield-driven market for now and investors are trying to discount when and how many rate cuts we will see, the timing and the magnitude of rate cuts," said Bill Merz, head of capital markets research at U.S. Bank Wealth Management in Minneapolis.

170224.0

2024-01-08 00:00:00 UTC

Wall Street Says This Company Is the "Godfather of AI." Here's Why I Think the Stock Looks Undervalued.

AMD

https://www.nasdaq.com/articles/wall-street-says-this-company-is-the-godfather-of-ai.-heres-why-i-think-the-stock-looks

Hype around artificial intelligence (AI) rocked the markets in 2023, sending the tech-heavy Nasdaq soaring more than 40%. The megacap Magnificent Seven stocks were at the epicenter of AI mania, and perhaps their most influential member is semiconductor manufacturer Nvidia (NASDAQ: NVDA). The company saw its market cap balloon in 2023, and it joined Apple, Microsoft, Amazon, and Alphabet in the exclusive $1 trillion market-cap club. It's no surprise that Wall Street analyst Dan Ives of Wedbush Securities crowned Nvidia as the godfather of AI. After surging 237% last year, some might think now is the time for profit taking. But what if I told you that Nvidia stock could be undervalued? Let's explore how the company is leading the charge in AI, and why now might be as good a time as ever to scoop up some shares. Demand is off the charts Nvidia has developed a host of graphics processing units (GPUs). The bedrocks of its GPU line are the A100 and H100 chips, the latter of which is experiencing unprecedented demand. NVDA revenue (quarterly) data by YCharts. The chart above illustrates Nvidia's quarterly revenue during the past decade. The big takeaway is that the slope of the line really steepens starting in 2023. For the third quarter of the company's fiscal 2024, ended Oct. 29, Nvidia reported a record $18.1 billion in revenue, an increase of more than 200% year over year. Moreover, the company's profit increased nearly 500% through the first three quarters of its fiscal year. If this wasn't enough to get your attention, consider that Wall Street is forecasting revenue to rise 54% this fiscal year, followed by another 20% the year after. Although this technically shows decelerating revenue, I'd say that is appropriate. It's unrealistic for investors to expect triple-digit percentage revenue growth in perpetuity. Moreover, while Nvidia dominates the AI application market for data center GPUs, there are other competitors gaining steam. NVDA revenue estimates for current fiscal year, data by YCharts. With 2024 looking like another milestone year for Nvidia, investors might be wondering how attractive the stock is from a valuation perspective. Image Source: Getty Images Nvidia's valuation looks tempting As of the time of this writing, the stock trades at a forward price-to-earnings (P/E) multiple of 24.8. By comparison, the company's top competitor, Advanced Micro Devices, trades at a forward P/E of 37. While AMD is making progress of its own, it is far behind Nvidia. Considering Nvidia's growth relative to AMD, fueled by its dominant market share in AI data center GPUs, the disparity between valuation multiples is a head-scratcher. On top of that, the forward P/E of the S&P 500 is 21.7 -- not too far behind Nvidia. Given the company's stellar performance in 2023 and its strong outlook for this year, it's hard to see why Nvidia doesn't carry a higher premium. My hunch is that investors are acting with more emotion than logic when it comes to Nvidia. The stock's performance throughout 2023 and the company's admission to the $1 trillion market-cap club might give off vibes of an expensive stock. However, the multiples above could suggest that Nvidia is growing into its valuation, and the stock could actually be cheap. I think Nvidia will continue to benefit from the secular tailwinds of AI, and now looks like a terrific time to begin dollar-cost averaging into a long-term position at a bargain. 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. Adam Spatacco has positions in Alphabet, Amazon, Apple, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Apple, 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.

Considering Nvidia's growth relative to AMD, fueled by its dominant market share in AI data center GPUs, the disparity between valuation multiples is a head-scratcher. While AMD is making progress of its own, it is far behind Nvidia. The megacap Magnificent Seven stocks were at the epicenter of AI mania, and perhaps their most influential member is semiconductor manufacturer Nvidia (NASDAQ: NVDA).

Considering Nvidia's growth relative to AMD, fueled by its dominant market share in AI data center GPUs, the disparity between valuation multiples is a head-scratcher. While AMD is making progress of its own, it is far behind Nvidia. By comparison, the company's top competitor, Advanced Micro Devices, trades at a forward P/E of 37.

While AMD is making progress of its own, it is far behind Nvidia. Considering Nvidia's growth relative to AMD, fueled by its dominant market share in AI data center GPUs, the disparity between valuation multiples is a head-scratcher. For the third quarter of the company's fiscal 2024, ended Oct. 29, Nvidia reported a record $18.1 billion in revenue, an increase of more than 200% year over year.

Considering Nvidia's growth relative to AMD, fueled by its dominant market share in AI data center GPUs, the disparity between valuation multiples is a head-scratcher. While AMD is making progress of its own, it is far behind Nvidia. If this wasn't enough to get your attention, consider that Wall Street is forecasting revenue to rise 54% this fiscal year, followed by another 20% the year after.

170225.0

2024-01-08 00:00:00 UTC

Melius Research Upgrades Advanced Micro Devices (AMD)

AMD

https://www.nasdaq.com/articles/melius-research-upgrades-advanced-micro-devices-amd

Fintel reports that on January 8, 2024, Melius Research upgraded their outlook for Advanced Micro Devices (NasdaqGS:AMD) from Hold to Buy . Analyst Price Forecast Suggests 2.54% Downside As of December 16, 2023, the average one-year price target for Advanced Micro Devices is 135.06. The forecasts range from a low of 60.60 to a high of $210.00. The average price target represents a decrease of 2.54% from its latest reported closing price of 138.58. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Advanced Micro Devices is 28,980MM, an increase of 31.07%. The projected annual non-GAAP EPS is 4.82. For more in-depth coverage of Advanced Micro Devices, view the free, crowd-sourced company research report on Finpedia. What is the Fund Sentiment? There are 3294 funds or institutions reporting positions in Advanced Micro Devices. This is an increase of 33 owner(s) or 1.01% in the last quarter. Average portfolio weight of all funds dedicated to AMD is 0.66%, a decrease of 3.37%. Total shares owned by institutions decreased in the last three months by 1.48% to 1,220,092K shares. The put/call ratio of AMD is 1.07, indicating a bearish outlook. What are Other Shareholders Doing? VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 50,297K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 50,219K shares, representing an increase of 0.15%. The firm decreased its portfolio allocation in AMD by 6.17% over the last quarter. VFINX - Vanguard 500 Index Fund Investor Shares holds 38,824K shares representing 2.40% ownership of the company. In it's prior filing, the firm reported owning 38,342K shares, representing an increase of 1.24%. The firm decreased its portfolio allocation in AMD by 6.42% over the last quarter. Jpmorgan Chase holds 35,810K shares representing 2.22% ownership of the company. In it's prior filing, the firm reported owning 32,605K shares, representing an increase of 8.95%. The firm increased its portfolio allocation in AMD by 0.66% over the last quarter. Geode Capital Management holds 31,104K shares representing 1.93% ownership of the company. In it's prior filing, the firm reported owning 30,401K shares, representing an increase of 2.26%. The firm decreased its portfolio allocation in AMD by 6.35% over the last quarter. Fisher Asset Management holds 27,768K shares representing 1.72% ownership of the company. In it's prior filing, the firm reported owning 26,970K shares, representing an increase of 2.87%. The firm decreased its portfolio allocation in AMD by 4.66% over the last quarter. Advanced Micro Devices Background Information (This description is provided by the company.) For more than 50 years, AMD has driven innovation in high-performance computing, graphics and visualization technologies - the building blocks for gaming, immersive platforms and the data center. Hundreds of millions of consumers, leading Fortune 500 businesses and cutting-edge scientific research facilities around the world rely on AMD technology daily to improve how they live, work and play. AMD employees around the world are focused on building great products that push the boundaries of what is possible. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. Click to Learn More This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Fintel reports that on January 8, 2024, Melius Research upgraded their outlook for Advanced Micro Devices (NasdaqGS:AMD) from Hold to Buy . For more than 50 years, AMD has driven innovation in high-performance computing, graphics and visualization technologies - the building blocks for gaming, immersive platforms and the data center. Hundreds of millions of consumers, leading Fortune 500 businesses and cutting-edge scientific research facilities around the world rely on AMD technology daily to improve how they live, work and play.

Fintel reports that on January 8, 2024, Melius Research upgraded their outlook for Advanced Micro Devices (NasdaqGS:AMD) from Hold to Buy . Average portfolio weight of all funds dedicated to AMD is 0.66%, a decrease of 3.37%. The put/call ratio of AMD is 1.07, indicating a bearish outlook.

Fintel reports that on January 8, 2024, Melius Research upgraded their outlook for Advanced Micro Devices (NasdaqGS:AMD) from Hold to Buy . Average portfolio weight of all funds dedicated to AMD is 0.66%, a decrease of 3.37%. The put/call ratio of AMD is 1.07, indicating a bearish outlook.

Fintel reports that on January 8, 2024, Melius Research upgraded their outlook for Advanced Micro Devices (NasdaqGS:AMD) from Hold to Buy . Average portfolio weight of all funds dedicated to AMD is 0.66%, a decrease of 3.37%. The put/call ratio of AMD is 1.07, indicating a bearish outlook.

170226.0

2024-01-08 00:00:00 UTC

Why Intel, TSMC, and AMD Stocks All Just Popped

AMD

https://www.nasdaq.com/articles/why-intel-tsmc-and-amd-stocks-all-just-popped

After a rocky start to the year, semiconductor stocks are turning around in a big way on Monday. During the first week of 2024, some of the world's most famous semiconductor companies -- Taiwan Semiconductor Manufacturing Company (NYSE: TSM), Intel (NASDAQ: INTC), and Advanced Micro Devices (NASDAQ: AMD) -- declined in the wake of December's Santa Claus rally. As the stock market started to find its footing in the second week, however, shares of all three of these companies flipped from sinking to rising. As of 12:05 p.m. ET, TSMC shares were up 2.9%, Intel stock was up a solid 3.4%, and AMD was doing the best of all with a 5.1% gain. You can probably thank President Joe Biden for that. Bad news for China is good news for everyone else By now, you've certainly heard about the Biden administration's plans to curtail China's access to some of the most advanced chips available to support artificial intelligence functions. That section of the market is dominated by Nvidia (NASDAQ: NVDA), which has been feeling the lion's share of the impact from export restrictions on those types of chips. Other companies have been little affected. However, The Wall Street Journal reported Monday morning that the Biden administration is now shifting its attention to less advanced, older-generation computer chips used in industries other than AI -- in consumer electronics, military weapons, and cars, for example. These kinds of semiconductor chips are more likely to be produced in and exported from China rather than imported into China. Indeed, as the WSJ article highlights, China is downright dominant in this segment of the semiconductor industry -- and President Biden wants to do something about that. Meanwhile, worrying that China might leverage its dominant position in lower-end chips to punish the U.S. in a future trade war, Congress has been urging the Commerce Department and U.S. Trade Representative (USTR) to take steps to protect the supply chain for these chips by awarding subsidies to expand domestic semiconductor production on the one hand and imposing tariffs on chips imported from China on the other. What this means for Intel, Taiwan Semi, and AMD This effort is still in its early days, but already, the WSJ notes that the Commerce Department has awarded $162 million in subsidies to help Microchip Technology expand production of microcontrollers for cars and appliances. The Commerce Department is also said to be putting together a list of other U.S. companies that might receive government support to counter China's rapidly growing industry producing lower-end chips. Don't get too excited just yet. While Intel, Taiwan Semi, and AMD stocks are all rising on Monday's news, there's no guarantee that any of these companies will end up getting subsidies directly aimed at supporting their lower-end chip production. To the contrary, semiconductor companies like Marvell, Texas Instruments, and Microchip all spring to mind more readily when one thinks of lower-end chips. And all of those stocks are rising Monday, too. That said, if you did want to place a bet on one of the high-profile chipmakers named above based on this newest effort to subsidize domestic chip production, Taiwan Semiconductor looks like the safest bet to make. Trading at less than 16 times forward earnings, it's significantly cheaper than Intel at 26 times forward earnings -- and less than half the price of AMD at 37 times forward earnings. TSMC is also trading at a cheaper valuation than Marvell, TI, or Microchip. Strange as it may be to say it, Taiwan Semiconductor may end up being the biggest beneficiary of all if the U.S. trade war in semiconductor chips continues. Should you invest $1,000 in Taiwan Semiconductor Manufacturing right now? Before you buy stock in Taiwan Semiconductor Manufacturing, 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 Taiwan Semiconductor Manufacturing 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 January 8, 2024 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Nvidia, Taiwan Semiconductor Manufacturing, and Texas Instruments. The Motley Fool recommends Intel and Marvell Technology 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.

What this means for Intel, Taiwan Semi, and AMD This effort is still in its early days, but already, the WSJ notes that the Commerce Department has awarded $162 million in subsidies to help Microchip Technology expand production of microcontrollers for cars and appliances. While Intel, Taiwan Semi, and AMD stocks are all rising on Monday's news, there's no guarantee that any of these companies will end up getting subsidies directly aimed at supporting their lower-end chip production. During the first week of 2024, some of the world's most famous semiconductor companies -- Taiwan Semiconductor Manufacturing Company (NYSE: TSM), Intel (NASDAQ: INTC), and Advanced Micro Devices (NASDAQ: AMD) -- declined in the wake of December's Santa Claus rally.

During the first week of 2024, some of the world's most famous semiconductor companies -- Taiwan Semiconductor Manufacturing Company (NYSE: TSM), Intel (NASDAQ: INTC), and Advanced Micro Devices (NASDAQ: AMD) -- declined in the wake of December's Santa Claus rally. ET, TSMC shares were up 2.9%, Intel stock was up a solid 3.4%, and AMD was doing the best of all with a 5.1% gain. What this means for Intel, Taiwan Semi, and AMD This effort is still in its early days, but already, the WSJ notes that the Commerce Department has awarded $162 million in subsidies to help Microchip Technology expand production of microcontrollers for cars and appliances.

During the first week of 2024, some of the world's most famous semiconductor companies -- Taiwan Semiconductor Manufacturing Company (NYSE: TSM), Intel (NASDAQ: INTC), and Advanced Micro Devices (NASDAQ: AMD) -- declined in the wake of December's Santa Claus rally. ET, TSMC shares were up 2.9%, Intel stock was up a solid 3.4%, and AMD was doing the best of all with a 5.1% gain. What this means for Intel, Taiwan Semi, and AMD This effort is still in its early days, but already, the WSJ notes that the Commerce Department has awarded $162 million in subsidies to help Microchip Technology expand production of microcontrollers for cars and appliances.

While Intel, Taiwan Semi, and AMD stocks are all rising on Monday's news, there's no guarantee that any of these companies will end up getting subsidies directly aimed at supporting their lower-end chip production. During the first week of 2024, some of the world's most famous semiconductor companies -- Taiwan Semiconductor Manufacturing Company (NYSE: TSM), Intel (NASDAQ: INTC), and Advanced Micro Devices (NASDAQ: AMD) -- declined in the wake of December's Santa Claus rally. ET, TSMC shares were up 2.9%, Intel stock was up a solid 3.4%, and AMD was doing the best of all with a 5.1% gain.

170227.0

2024-01-08 00:00:00 UTC

Boeing drags Dow to two-week low, megacaps boost Nasdaq

AMD

https://www.nasdaq.com/articles/boeing-drags-dow-to-two-week-low-megacaps-boost-nasdaq

By Johann M Cherian and Ankika Biswas Jan 8 (Reuters) - Tech-laden Nasdaq jumped more than 1% to a near one-week high on Monday, boosted by a rebound in megacaps and chip stocks, while blue-chip index Dow slipped to a fresh two-week low as Boeing shares tanked following the grounding of some its jets. Megacaps like Amazon.com AMZN.O and Alphabet GOOGL.O gained over 1%, while AppleAAPL.O climbed 1.4% after saying its Vision Pro mixed-reality device will be available for sale from Feb. 2 in the United States. Chipmakers Nvidia NVDA.O and Advanced Micro Devices AMD.O jumped more than 4% each. The Philadelphia SE Semiconductor Index .SOX rebounded with a 2.6% advance from its worst week since Oct. 2022. "We do think the gains (in megacaps) will be sustainable after last year's outperformance," said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance. "A lot of investors have been drawn to the mega caps because they are profit machines and in good times, they do really well." Meanwhile, BoeingBA.N slid 6.6% after the U.S. Federal Aviation Administration (FAA) ordered the temporary grounding of some 737 MAX 9 jets fitted with a panel that blew off an Alaska Air Group ALK.N jet in midair on Friday. The aircraft manufacturer could lose about $10 billion in value if losses hold through market close. Energy stocks .SPNY led declines among the 11 S&P 500 sectors, dropping by 2.1% to a three-week low as crude prices sank over 4% after sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output. O/R At 11:47 a.m. ET, the S&P 500 .SPX was up 26.46 points, or 0.56%, at 4,723.70, the Nasdaq Composite .IXIC was up 171.06 points, or 1.18%, at 14,695.14, and the Dow Jones Industrial Average .DJI was down 60.06 points, or 0.16%, at 37,406.05. On Friday, the benchmark S&P 500 .SPX marked its worst week since late October, after mixed economic data turned investors cautious and prompted them to scale back expectations on when the Federal Reserve could begin rate cuts. Remarks by Atlanta's Raphael Bostic, a Federal Open Market Committee (FOMC) voting member this year, due at 12:30 p.m. ET, will be parsed for his stance on monetary policy easing. Over the weekend, Dallas' Lorie Logan warned the Fed may need to resume raising its short-term policy rate. Money markets now see a 69.5% chance of at least a 25-basis-point (bps) rate cut as early as March, down from over 85% in the final weeks of 2023, according to the CME FedWatch Tool. Investors were also awaiting December consumer and producer inflation reports later in the week and commentary by several policymakers for clues on the Fed's monetary policy trajectory. JPMorgan Chase JPM.N, Wells Fargo WFC.N, Bank of America BAC.N and Citigroup C.N are set to kick off the quarterly earnings season on Friday. Their shares were down over 1% each. Advancing issues outnumbered decliners by a 2.22-to-1 ratio on the NYSE and by a 1.70-to-1 ratio on the Nasdaq. The S&P index recorded six new 52-week highs and no new lows, while the Nasdaq recorded 50 new highs and 54 new lows. (Reporting by Johann M Cherian and Ankika Biswas in Bengaluru; Editing by Devika Syamnath) ((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.

Chipmakers Nvidia NVDA.O and Advanced Micro Devices AMD.O jumped more than 4% each. By Johann M Cherian and Ankika Biswas Jan 8 (Reuters) - Tech-laden Nasdaq jumped more than 1% to a near one-week high on Monday, boosted by a rebound in megacaps and chip stocks, while blue-chip index Dow slipped to a fresh two-week low as Boeing shares tanked following the grounding of some its jets. On Friday, the benchmark S&P 500 .SPX marked its worst week since late October, after mixed economic data turned investors cautious and prompted them to scale back expectations on when the Federal Reserve could begin rate cuts.

Chipmakers Nvidia NVDA.O and Advanced Micro Devices AMD.O jumped more than 4% each. By Johann M Cherian and Ankika Biswas Jan 8 (Reuters) - Tech-laden Nasdaq jumped more than 1% to a near one-week high on Monday, boosted by a rebound in megacaps and chip stocks, while blue-chip index Dow slipped to a fresh two-week low as Boeing shares tanked following the grounding of some its jets. The S&P index recorded six new 52-week highs and no new lows, while the Nasdaq recorded 50 new highs and 54 new lows.

Chipmakers Nvidia NVDA.O and Advanced Micro Devices AMD.O jumped more than 4% each. By Johann M Cherian and Ankika Biswas Jan 8 (Reuters) - Tech-laden Nasdaq jumped more than 1% to a near one-week high on Monday, boosted by a rebound in megacaps and chip stocks, while blue-chip index Dow slipped to a fresh two-week low as Boeing shares tanked following the grounding of some its jets. On Friday, the benchmark S&P 500 .SPX marked its worst week since late October, after mixed economic data turned investors cautious and prompted them to scale back expectations on when the Federal Reserve could begin rate cuts.

Chipmakers Nvidia NVDA.O and Advanced Micro Devices AMD.O jumped more than 4% each. By Johann M Cherian and Ankika Biswas Jan 8 (Reuters) - Tech-laden Nasdaq jumped more than 1% to a near one-week high on Monday, boosted by a rebound in megacaps and chip stocks, while blue-chip index Dow slipped to a fresh two-week low as Boeing shares tanked following the grounding of some its jets. Megacaps like Amazon.com AMZN.O and Alphabet GOOGL.O gained over 1%, while AppleAAPL.O climbed 1.4% after saying its Vision Pro mixed-reality device will be available for sale from Feb. 2 in the United States.

170228.0

2024-01-08 00:00:00 UTC

US STOCKS-Dow hits two-week low as Boeing plummets; megacaps lift Nasdaq

AMD

https://www.nasdaq.com/articles/us-stocks-dow-hits-two-week-low-as-boeing-plummets-megacaps-lift-nasdaq

By Johann M Cherian and Ankika Biswas Jan 8 (Reuters) - Blue-chip index Dow slipped to a fresh two-week low on Monday as Boeing shares nosedived following the grounding of some its jets, while a rebound in megacaps and chip stocks supported the other U.S. stock indexes. BoeingBA.N slid 9.1% after the U.S. Federal Aviation Administration (FAA) ordered the temporary grounding of some 737 MAX 9 jets fitted with a panel that blew off an Alaska Air Group ALK.N jet in midair on Friday. The aircraft manufacturer could lose about $13.5 billion in value if losses hold through market close. "It could impact the airline sector because the 737 (MAX) is a real workhorse of the many airlines fleets," said Kim Forrest, chief investment officer at Bokeh Capital Partners. "So it's a drag and a real black mark on Boeing and the company has to come out strongly and say how they're fixing this and how it's not going to happen again." Alaska Air GroupALK.N slumped 3.9% after the carrier canceled more than 200 flights following the FAA order. On Friday, the benchmark S&P 500 .SPXmarked its worst week since late October, after mixed economic data turned investors cautious and prompted them to scale back expectations on when the Federal Reserve could begin rate cuts. Remarks by Atlanta's Raphael Bostic, a Federal Open Market Committee (FOMC) voting member this year, due at 12:30 p.m. ET, will be parsed for his stance on monetary policy easing. That comes after Dallas' Lorie Logan warned over the weekend the Fed may need to resume raising its short-term policy rate. Money markets now see a 64.7% chance of at least a 25-basis-point (bps) rate cut as early as March, down from over 85% in the final weeks of 2023, according to the CME FedWatch Tool. Investors were also awaiting two December inflation reports later in the week and commentary by several policymakers for clues on the Fed's monetary policy trajectory. Among the 11 S&P 500 sectors, energy .SPNY led declines with a 2.8% loss as crude prices sank nearly 5%. O/R At 9:52 a.m. ET, the Dow Jones Industrial Average .DJI was down 185.79 points, or 0.50%, at 37,280.32, the S&P 500 .SPX was up 11.73 points, or 0.25%, at 4,708.97, and the Nasdaq Composite .IXIC was up 104.25 points, or 0.72%, at 14,628.33. AppleAAPL.O climbed 0.9% after saying its Vision Pro mixed-reality device will be available for sale from Feb. 2 in the United States. Amazon.com AMZN.O and Alphabet GOOGL.O added 1.1% and 0.5% respectively. JPMorgan Chase JPM.N, Wells Fargo WFC.N, Bank of America BAC.N and Citigroup C.N lost more than 1% ahead of reporting quarterly earnings on Friday. Advancing issues outnumbered decliners by a 1.20-to-1 ratio on the NYSE and by a 1.05-to-1 ratio on the Nasdaq. (Reporting by Johann M Cherian and Ankika Biswas in Bengaluru; Editing by Devika Syamnath) ((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.

On Friday, the benchmark S&P 500 .SPXmarked its worst week since late October, after mixed economic data turned investors cautious and prompted them to scale back expectations on when the Federal Reserve could begin rate cuts. Remarks by Atlanta's Raphael Bostic, a Federal Open Market Committee (FOMC) voting member this year, due at 12:30 p.m. JPMorgan Chase JPM.N, Wells Fargo WFC.N, Bank of America BAC.N and Citigroup C.N lost more than 1% ahead of reporting quarterly earnings on Friday.

By Johann M Cherian and Ankika Biswas Jan 8 (Reuters) - Blue-chip index Dow slipped to a fresh two-week low on Monday as Boeing shares nosedived following the grounding of some its jets, while a rebound in megacaps and chip stocks supported the other U.S. stock indexes. BoeingBA.N slid 9.1% after the U.S. Federal Aviation Administration (FAA) ordered the temporary grounding of some 737 MAX 9 jets fitted with a panel that blew off an Alaska Air Group ALK.N jet in midair on Friday. (Reporting by Johann M Cherian and Ankika Biswas in Bengaluru; Editing by Devika Syamnath) ((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.

By Johann M Cherian and Ankika Biswas Jan 8 (Reuters) - Blue-chip index Dow slipped to a fresh two-week low on Monday as Boeing shares nosedived following the grounding of some its jets, while a rebound in megacaps and chip stocks supported the other U.S. stock indexes. BoeingBA.N slid 9.1% after the U.S. Federal Aviation Administration (FAA) ordered the temporary grounding of some 737 MAX 9 jets fitted with a panel that blew off an Alaska Air Group ALK.N jet in midair on Friday. On Friday, the benchmark S&P 500 .SPXmarked its worst week since late October, after mixed economic data turned investors cautious and prompted them to scale back expectations on when the Federal Reserve could begin rate cuts.

By Johann M Cherian and Ankika Biswas Jan 8 (Reuters) - Blue-chip index Dow slipped to a fresh two-week low on Monday as Boeing shares nosedived following the grounding of some its jets, while a rebound in megacaps and chip stocks supported the other U.S. stock indexes. BoeingBA.N slid 9.1% after the U.S. Federal Aviation Administration (FAA) ordered the temporary grounding of some 737 MAX 9 jets fitted with a panel that blew off an Alaska Air Group ALK.N jet in midair on Friday. Investors were also awaiting two December inflation reports later in the week and commentary by several policymakers for clues on the Fed's monetary policy trajectory.

170229.0

2024-01-08 00:00:00 UTC

Is NVDA Stock Screeching Out of the Fast Lane? Not Quite!

AMD

https://www.nasdaq.com/articles/is-nvda-stock-screeching-out-of-the-fast-lane-not-quite

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nvidia (NASDAQ:NVDA) stock surged throughout 2023, but has been sliding as investors take some risk off the table by taking profit. Investors can make prudent moves, but their necessity is questionable. The market may have overreacted to anticipated lower interest rates. Despite the company’s impressive performance in 2023, there are indications that growth may slow down more than expected. A surface-level assessment may be causing concerns, but a closer look can change your perspective. NVDA Stock and the Market’s Current Stance Plenty talk about Nvidia’s outsized impact on the broad market’s performance, but it’s not fully a one-way street. Factors that affect overall market sentiment can make a big impact on NVDA’s price performance. Right now, that would be the uncertainty surrounding the future direction of interest rates. Still, while macro-related uncertainty is playing a role, arguably, it’s been more company-specific areas of uncertainty having the largest effect NVDA stock. For months, the U.S. government’s crackdown on chip exports to China has affected sentiment for Nvidia. There are concerns about how this crackdown, and the resultant bans, will affect the company’s future growth. Since last month, Advanced Micro Devices‘ (NASDAQ:AMD) AI chip product launches, plus Intel’s (NASDAQ:INTC) generative AI chip unveiling, have raised concerns related to rising competition and its impact on Nvidia’s growth. While these China and competition-based concerns haven’t shifted sentiment for NVDA from bullish to bearish, they have clearly made some investors hesitant to buy, and have compelled other investors to exit/pare down positions. Again, though, while the overall market is feeling uneasy, that doesn’t mean you need to follow suit. There’s Still a Path to New Highs in 2024 As discussed in prior coverage of NVDA stock, China-related concerns shouldn’t scare you away. Nvidia has figured how to both work around and mitigate the impact of the export bans. When it comes to the most recent non-macro concern about NVDA (rising competition), there’s a lot out there that should assuage your concerns. AMD and Intel could keep making progress (and generate big profits) from capitalizing on the generative AI mega-trend. Still, their success isn’t likely to come at Nvidia’s expensemin the immediate future. While gaining ground, AMD and Intel remain well behind this AI chip frontrunner. According to Srini Pajjuri of Raymond James, Nvidia is projected to hold an 85% share of the AI accelerator chip market this fiscal year (ending January 2025). Nvidia will meet or surpass growth expectations despite competition. In fact, given how NVDA trades for only 24.1 times forward consensus estimates for FY2025 earnings ($19.88 per share, up by around 62.3%), merely meeting expectations may be enough to drive the stock to even loftier price levels in 2024. Here’s how. The Verdict: New Highs Are Well Within Reach At some point in time, the AI chip market will inevitably mature. However, it’s an understatement to say that moment is years away from arriving. It may just well be decades away from arriving. In the near-to-medium term, demand for AI accelerators and processors will stay robust and continue to climb. As the dominant name in the space, this points to continued outsized earnings growth for Nvidia. This leaves the stock poised to move higher, in a big way. Shares will move higher in line with increased earnings, but also (most likely), thanks to multiple expansion. Once Nvidia shows that it’s not exiting the fast lane just yet, shares could re-rate to a forward earnings multiple in the 30-40 range. With this, hitting $600, $700, or even $800 per share this year isn’t out of reach for NVDA stock. 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. The post Is NVDA Stock Screeching Out of the Fast Lane? Not Quite! 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.

Since last month, Advanced Micro Devices‘ (NASDAQ:AMD) AI chip product launches, plus Intel’s (NASDAQ:INTC) generative AI chip unveiling, have raised concerns related to rising competition and its impact on Nvidia’s growth. AMD and Intel could keep making progress (and generate big profits) from capitalizing on the generative AI mega-trend. While gaining ground, AMD and Intel remain well behind this AI chip frontrunner.

Since last month, Advanced Micro Devices‘ (NASDAQ:AMD) AI chip product launches, plus Intel’s (NASDAQ:INTC) generative AI chip unveiling, have raised concerns related to rising competition and its impact on Nvidia’s growth. AMD and Intel could keep making progress (and generate big profits) from capitalizing on the generative AI mega-trend. While gaining ground, AMD and Intel remain well behind this AI chip frontrunner.

Since last month, Advanced Micro Devices‘ (NASDAQ:AMD) AI chip product launches, plus Intel’s (NASDAQ:INTC) generative AI chip unveiling, have raised concerns related to rising competition and its impact on Nvidia’s growth. AMD and Intel could keep making progress (and generate big profits) from capitalizing on the generative AI mega-trend. While gaining ground, AMD and Intel remain well behind this AI chip frontrunner.

Since last month, Advanced Micro Devices‘ (NASDAQ:AMD) AI chip product launches, plus Intel’s (NASDAQ:INTC) generative AI chip unveiling, have raised concerns related to rising competition and its impact on Nvidia’s growth. AMD and Intel could keep making progress (and generate big profits) from capitalizing on the generative AI mega-trend. While gaining ground, AMD and Intel remain well behind this AI chip frontrunner.

170211.0

2024-01-09 00:00:00 UTC

Is iShares Semiconductor ETF (SOXX) a Strong ETF Right Now?

AMD

https://www.nasdaq.com/articles/is-ishares-semiconductor-etf-soxx-a-strong-etf-right-now-11

The iShares Semiconductor ETF (SOXX) was launched on 07/10/2001, and is a smart beta exchange traded fund designed to offer broad exposure to the Technology ETFs category of the market. What Are Smart Beta ETFs? The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment. Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option for investors who believe in market efficiency. However, some investors believe in the possibility of beating the market through exceptional stock selection, and choose a different type of fund that tracks non-cap weighted strategies: smart beta. Based on specific fundamental characteristics, or a combination of such, these indexes attempt to pick stocks that have a better chance of risk-return performance. The smart beta space gives investors many different choices, from equal-weighting, one of the simplest strategies, to more complicated ones like fundamental and volatility/momentum based weighting. However, not all of these methodologies have been able to deliver remarkable returns. Fund Sponsor & Index The fund is managed by Blackrock, and has been able to amass over $9.93 billion, which makes it one of the largest ETFs in the Technology ETFs. SOXX, before fees and expenses, seeks to match the performance of the PHLX SOX Semiconductor Sector Index. The ICE Semiconductor Index measures the performance of U.S. traded securities of companies engaged in the semiconductor business. Cost & Other Expenses Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same. Operating expenses on an annual basis are 0.35% for SOXX, making it one of the least expensive products in the space. It's 12-month trailing dividend yield comes in at 0.81%. Sector Exposure and Top Holdings Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis. Representing 100% of the portfolio, the fund has heaviest allocation to the Information Technology sector. Taking into account individual holdings, Advanced Micro Devices Inc (AMD) accounts for about 9.48% of the fund's total assets, followed by Broadcom Inc (AVGO) and Intel Corporation Corp (INTC). SOXX's top 10 holdings account for about 59.63% of its total assets under management. Performance and Risk So far this year, SOXX has lost about -2.88%, and was up about 55.09% in the last one year (as of 01/09/2024). During this past 52-week period, the fund has traded between $373.83 and $581.45. The ETF has a beta of 1.37 and standard deviation of 34.63% for the trailing three-year period, making it a high risk choice in the space. With about 35 holdings, it has more concentrated exposure than peers. Alternatives IShares Semiconductor ETF is an excellent option for investors seeking to outperform the Technology ETFs segment of the market. There are other ETFs in the space which investors could consider as well. SPDR S&P Semiconductor ETF (XSD) tracks S&P Semiconductor Select Industry Index and the VanEck Semiconductor ETF (SMH) tracks MVIS US Listed Semiconductor 25 Index. SPDR S&P Semiconductor ETF has $1.42 billion in assets, VanEck Semiconductor ETF has $11.67 billion. XSD has an expense ratio of 0.35% and SMH charges 0.35%. Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Technology ETFs. Bottom Line To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. 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 iShares Semiconductor ETF (SOXX): ETF Research Reports Intel Corporation (INTC) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report VanEck Semiconductor ETF (SMH): ETF Research Reports SPDR S&P Semiconductor ETF (XSD): 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.

Taking into account individual holdings, Advanced Micro Devices Inc (AMD) accounts for about 9.48% of the fund's total assets, followed by Broadcom Inc (AVGO) and Intel Corporation Corp (INTC). Click to get this free report iShares Semiconductor ETF (SOXX): ETF Research Reports Intel Corporation (INTC) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report VanEck Semiconductor ETF (SMH): ETF Research Reports SPDR S&P Semiconductor ETF (XSD): ETF Research Reports To read this article on Zacks.com click here. However, some investors believe in the possibility of beating the market through exceptional stock selection, and choose a different type of fund that tracks non-cap weighted strategies: smart beta.

Click to get this free report iShares Semiconductor ETF (SOXX): ETF Research Reports Intel Corporation (INTC) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report VanEck Semiconductor ETF (SMH): ETF Research Reports SPDR S&P Semiconductor ETF (XSD): ETF Research Reports To read this article on Zacks.com click here. Taking into account individual holdings, Advanced Micro Devices Inc (AMD) accounts for about 9.48% of the fund's total assets, followed by Broadcom Inc (AVGO) and Intel Corporation Corp (INTC). The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment.

Click to get this free report iShares Semiconductor ETF (SOXX): ETF Research Reports Intel Corporation (INTC) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report VanEck Semiconductor ETF (SMH): ETF Research Reports SPDR S&P Semiconductor ETF (XSD): ETF Research Reports To read this article on Zacks.com click here. Taking into account individual holdings, Advanced Micro Devices Inc (AMD) accounts for about 9.48% of the fund's total assets, followed by Broadcom Inc (AVGO) and Intel Corporation Corp (INTC). The iShares Semiconductor ETF (SOXX) was launched on 07/10/2001, and is a smart beta exchange traded fund designed to offer broad exposure to the Technology ETFs category of the market.

Taking into account individual holdings, Advanced Micro Devices Inc (AMD) accounts for about 9.48% of the fund's total assets, followed by Broadcom Inc (AVGO) and Intel Corporation Corp (INTC). Click to get this free report iShares Semiconductor ETF (SOXX): ETF Research Reports Intel Corporation (INTC) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report VanEck Semiconductor ETF (SMH): ETF Research Reports SPDR S&P Semiconductor ETF (XSD): ETF Research Reports To read this article on Zacks.com click here. The iShares Semiconductor ETF (SOXX) was launched on 07/10/2001, and is a smart beta exchange traded fund designed to offer broad exposure to the Technology ETFs category of the market.

170212.0

2024-01-09 00:00:00 UTC

Stock Market News for Jan 9, 2024

AMD

https://www.nasdaq.com/articles/stock-market-news-for-jan-9-2024

U.S. stock markets closed sharply higher on Monday after finishing the first week of 2024 in red. Technology stocks rebounded following a decline in the yield of U.S. government bond yield. However, the time when the Fed will initiate first interest rate cut remained uncertain. All three major stock indexes ended in positive territory. How Did The Benchmarks Perform? The Dow Jones Industrial Average (DJI) was up 0.6% or 216.9 points to close at 37,683.01. At intraday low, the blue-chip index was down nearly 217 points. Notably, 23 components of the 30-stock index ended in positive territory, while 7 ended in negative zone. The tech-heavy Nasdaq Composite finished at 14,843.77 or 319.70 points, jumping 2.2% due to strong performance of large-cap technology stocks. Tech behemoths like CrowdStrike Holdings Inc. CRWD and Advanced Micro Devices Inc. AMD, advanced 5.5% and 5.4%, respectively. CrowdStrike Holdings currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The S&P 500 climbed 1.4% to finish at 4,763.54. Seven out of 10 broad sectors of the broad-market index ended in positive territory while one in negative zone. The Communication Services Select Sector SPDR (XLC), the Technology Select Sector SPDR (XLK) and the Consumer Discretionary Select SPDR (XLY) and the Real Estate Select Sector SPDR (XLRE) advanced 1.6%, 2.5%, 1.7% and 1.4%, respectively. On the other hand, the Energy Select Sector SPDR (XLE) decline 1.6%. The fear-gauge CBOE Volatility Index (VIX) was down 2% to 13.08. Advancers outnumbered decliners on the NYSE by a 3-to-1 ratio. On Nasdaq, a 2.3-to-1 ratio favored advancing issues. The S&P 500 posted 13 new highs and no new lows while the Nasdaq recorded 101 new highs and 92 new lows. U.S. Economy Cooling The Institute of Supply Management (ISM) reported that the manufacturing Index for December came in at 47.4, marginally ahead of the consensus estimate of 47.2. The reading for November was 46.7. Any reading below 50 indicates a contraction in manufacturing activities. December marked the 14th consecutive month of manufacturing contraction after 28th months of expansion. The new orders Index remained in contraction territory at 47.1, lower than November’s reading of 48.3. The ISM also reported that the services Index for December came in at 50.6, reflecting the 12th consecutive months of expansion. Any reading above 50 indicates an expansion in services activities. However, the metric was lower than November’s data of 52.7 and the consensus estimate of 52.5. The sub index for new orders came in at 52.8 in December compared with 55.5 in November. The sub index for employment contracted to 43.3 in December from 50.7 in November. December’s data was the lowest since May 2020. Labor Market Remains Resilient The Department of Labor reported that the U.S. economy added 216,000 jobs in December, beating the consensus estimate of 170,000. However, the metric for November was revised downward to 173,000 from 199,000. The unemployment rate in December was 3.7%, flat month over month but below the consensus estimate of 3.8%. The average hourly wage rate increased 0.4% in December, flat with November but higher than the consensus estimate of 0.3%. Year over year, the wage rate increased 4.1% in December, beating the consensus estimate of 3.9%. Uncertainty on Rate Cut Market participants remained clueless when the Fed will initiate first rate cut. Federal Reserve Governor Michelle Bowman said that she believes rate hike cycle is over. However, she is not yet convinced that the economy is in proper shape to initiate interest rate cut anytime soon. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> 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 CrowdStrike (CRWD) : 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.

Tech behemoths like CrowdStrike Holdings Inc. CRWD and Advanced Micro Devices Inc. AMD, advanced 5.5% and 5.4%, respectively. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report CrowdStrike (CRWD) : Free Stock Analysis Report To read this article on Zacks.com click here. The tech-heavy Nasdaq Composite finished at 14,843.77 or 319.70 points, jumping 2.2% due to strong performance of large-cap technology stocks.

Tech behemoths like CrowdStrike Holdings Inc. CRWD and Advanced Micro Devices Inc. AMD, advanced 5.5% and 5.4%, respectively. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report CrowdStrike (CRWD) : Free Stock Analysis Report To read this article on Zacks.com click here. The Communication Services Select Sector SPDR (XLC), the Technology Select Sector SPDR (XLK) and the Consumer Discretionary Select SPDR (XLY) and the Real Estate Select Sector SPDR (XLRE) advanced 1.6%, 2.5%, 1.7% and 1.4%, respectively.

Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report CrowdStrike (CRWD) : Free Stock Analysis Report To read this article on Zacks.com click here. Tech behemoths like CrowdStrike Holdings Inc. CRWD and Advanced Micro Devices Inc. AMD, advanced 5.5% and 5.4%, respectively. The Communication Services Select Sector SPDR (XLC), the Technology Select Sector SPDR (XLK) and the Consumer Discretionary Select SPDR (XLY) and the Real Estate Select Sector SPDR (XLRE) advanced 1.6%, 2.5%, 1.7% and 1.4%, respectively.

Tech behemoths like CrowdStrike Holdings Inc. CRWD and Advanced Micro Devices Inc. AMD, advanced 5.5% and 5.4%, respectively. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report CrowdStrike (CRWD) : Free Stock Analysis Report To read this article on Zacks.com click here. The new orders Index remained in contraction territory at 47.1, lower than November’s reading of 48.3.

170213.0

2024-01-09 00:00:00 UTC

Japan's Nikkei hits 33-year high as tech stocks surge

AMD

https://www.nasdaq.com/articles/japans-nikkei-hits-33-year-high-as-tech-stocks-surge

TOKYO, Jan 9 (Reuters) - Japan's Nikkei share average hit its highest level since March 1990 on Tuesday, as investors snapped up chip-related stocks tracking an overnight Wall Street rally in technology shares. The Nikkei .N225 was up 1.44% at 33858.63 by the mid-day break, after hitting a 33-year high of 33990.28 earlier. Of the 225 stocks on the index, 151 advanced. The broader Topix index .TOPX was up 0.93%. Chip-related stocks, which tend to move the benchmark, led the Nikkei's rise after chipmakers Nvidia NVDA.O and Advanced Micro Devices AMD.O surged on Wall Street overnight. .N Tokyo Electron 8035.T and Advantest 6857.T, up 4.27% and 7.06% respectively, combined were pushing the index up around 200 points. Nintendo 7974.T also made the top performers in the morning session, extending recent gains to move up 4.22%, as news swirled that the company might release a new game console this year. DeNA 2432.T led the pack, gaining 7.83%, after making an after-market announcement on Friday it would commence preparations to list shares for an equity-method affiliate company. The Nikkei clocked its best year in a decade in 2023, aided by expectations of better governance. After an initial pullback to start 2024, the Nikkei rallied an additional 1.6% from last year's final trading day to hit Tuesday's peak since Japan's asset price bubble burst in 1989. "I think a correction may not come as soon as next week or this week, but I'm a bit cautious, if not a little bit pessimistic over the near term" over the next few months, as markets assess the latest policy decisions by the Fed and Bank of Japan, said Naka Matsuzawa, chief macro strategist at Nomura. Meanwhile, energy shares were among the worst performers, after oil prices fell about 4% on Monday on sharp price cuts by top exporter Saudi Arabia. The Tokyo Stock Exchange's mining stock sub-index .IMING.T dropped 1.55%. (Reporting by Brigid Riley; Editing by Rashmi Aich) ((brigid.riley@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.

Chip-related stocks, which tend to move the benchmark, led the Nikkei's rise after chipmakers Nvidia NVDA.O and Advanced Micro Devices AMD.O surged on Wall Street overnight. Nintendo 7974.T also made the top performers in the morning session, extending recent gains to move up 4.22%, as news swirled that the company might release a new game console this year. After an initial pullback to start 2024, the Nikkei rallied an additional 1.6% from last year's final trading day to hit Tuesday's peak since Japan's asset price bubble burst in 1989.

Chip-related stocks, which tend to move the benchmark, led the Nikkei's rise after chipmakers Nvidia NVDA.O and Advanced Micro Devices AMD.O surged on Wall Street overnight. TOKYO, Jan 9 (Reuters) - Japan's Nikkei share average hit its highest level since March 1990 on Tuesday, as investors snapped up chip-related stocks tracking an overnight Wall Street rally in technology shares. After an initial pullback to start 2024, the Nikkei rallied an additional 1.6% from last year's final trading day to hit Tuesday's peak since Japan's asset price bubble burst in 1989.

Chip-related stocks, which tend to move the benchmark, led the Nikkei's rise after chipmakers Nvidia NVDA.O and Advanced Micro Devices AMD.O surged on Wall Street overnight. TOKYO, Jan 9 (Reuters) - Japan's Nikkei share average hit its highest level since March 1990 on Tuesday, as investors snapped up chip-related stocks tracking an overnight Wall Street rally in technology shares. After an initial pullback to start 2024, the Nikkei rallied an additional 1.6% from last year's final trading day to hit Tuesday's peak since Japan's asset price bubble burst in 1989.

Chip-related stocks, which tend to move the benchmark, led the Nikkei's rise after chipmakers Nvidia NVDA.O and Advanced Micro Devices AMD.O surged on Wall Street overnight. TOKYO, Jan 9 (Reuters) - Japan's Nikkei share average hit its highest level since March 1990 on Tuesday, as investors snapped up chip-related stocks tracking an overnight Wall Street rally in technology shares. The Nikkei .N225 was up 1.44% at 33858.63 by the mid-day break, after hitting a 33-year high of 33990.28 earlier.

170214.0

2024-01-09 00:00:00 UTC

Will Advanced Micro Devices Be a Trillion-Dollar Stock by 2030?

AMD

https://www.nasdaq.com/articles/will-advanced-micro-devices-be-a-trillion-dollar-stock-by-2030

The trillion-dollar club is certainly rarified air, and one that every company aspires to join. Investors, of course, aspire to find the next candidate with the potential to join such elite company. Odds are, every company that has reached that milestone has made many fortunes for investors along the way. Case in point: Artificial intelligence (AI) chip star Nvidia (NASDAQ: NVDA) began 2023 at just a $350 billion market cap, but has more than tripled since, reaching a market cap today exceeding $1.2 trillion! So, where to find the next big winner? It may not be surprising that I think the AI revolution could mint even more trillion-dollar companies, like this key Nvidia rival. Can Advanced Micro Devices catch up? Given the explosive growth in AI computing we are seeing and are likely to see through this decade, those tailwinds could potentially propel Advanced Micro Devices (NASDAQ: AMD) to new heights. That is, of course, only true if the company executes. But AMD's execution has been excellent ever since Lisa Su took over as CEO in October 2014. Back then, AMD had just a $2.4 billion market cap -- yes, you read that right. Fast forward to today, and AMD's market cap has gone up nearly one hundred times under her tenure, to $223 billion. AMD Market Cap data by YCharts How did AMD do it? As is usually the case, a lot of skill, planning, and a little bit of luck. First, Su made the choice to diversify away from PCs, where AMD got 90% of its revenue at the time, and into more high-end applications such as gaming, embedded chips, and data center processors. Second, Su used the 2017 transition to FinFet transistors to attempt to catch up to market leader Intel in process technology. At the time, Intel had a near-monopoly on the processor market and leading technology. AMD practically existed just so many customers would have a secondary option for cheap processors and keep Intel from having 100% of the market. But as chipmaking became more complex, with FinFets and the 7-nanometer process node, Intel stumbled. Meanwhile, AMD's foundry partner Taiwan Semiconductor Manufacturing (NYSE: TSM) excelled and pulled ahead of Intel on leading-edge chipmaking. That left an opportunity for AMD to actually leap ahead of Intel in terms of power and performance, enabling it to gobble up market share from a near-zero starting point. Can AMD pull off the same feat in artificial intelligence chips? Given that AMD was able to meet and overtake a large and dominant rival in PC processors, can the company do it again with AI accelerators? While Nvidia has a big lead in that area today, AMD introduced its challenger MI300 line of AI accelerators in June 2023. The MI300, unlike the all-in-one die that hosts Nvidia's H100, is made up of a "chiplet" architecture consisting of 12 chiplets. That architecture allows for some advantages, including a whopping 153 billion transistors, with the ability to handle 192 gigabytes of HBM3 memory. That compares with the H100's "mere" 80 billion transistors and just 80GB of HBM memory capacity. In light of these specs, AMD certainly has a shot at getting some looks from AI customers, especially those with memory-hungry applications. No wonder Su has said she expects at least $2 billion in revenue for the MI300 accelerators in 2024, despite just ramping production recently. Can AMD compete with Nvidia in AI? Image source: AMD. But Nvidia should still remain a leader for the foreseeable future While the MI300 exceeds the H100 on certain specs, investors shouldn't expect AMD to match Nvidia any time soon. One important difference is that the MI300 doesn't have the transformer engine of the H100, which can be turned on to triple the H100's performance. That would, of course, shorten the time to train large language models, and could keep customers in the H100 for the most pressing applications. Another advantage for Nvidia is that it will already be coming out with the H200 in the second quarter, and will move on to an entirely new architecture, the B100, next fall/winter. In October 2023, Nvidia announced that it would move from a two-year cadence to a one-year cadence for new AI chip architectures. Given that AMD is just ramping the MI300 now, it will actually be competing more with these newer chips than with the H100. And since Nvidia is now going into turbo-speed, it may be hard for AMD to eventually catch up. This is especially true because Nvidia also uses TSMC as its foundry, so Nvidia will likely not stumble in the way Intel did five years ago. If TSMC stumbles, both Nvidia and AMD would suffer together. In addition, Nvidia has been developing its CUDA software stack since 2006, and has achieved a nice network effect with developers. AMD is quickly developing its own quasi-open-source software stack called RocM, which it's piecing together from its own research and development combined with several recent acquisitions last year. Still, a 15-year-plus head start will be difficult to overcome quickly. But $1 trillion is still in sight by 2030 Even if AMD forever remains a "next-best" option for AI chips, it's possible the AI market could be large enough that AMD will reach $1 trillion anyway. After all, at its December 2023 presentation, Su increased her projection for the AI chip market from $150 billion to $400 billion by 2027. While some of that increase comes from chips for "AI PCs," the good news is that AMD will potentially have an even better chance at leading that market, considering its strong position in PCs today. AMD hit $24 billion in revenue in 2022 before the PC downturn caused a slight dip this year. But even an incremental 10% of the $400 billion AI chip market could propel AMD's revenue to, say, $65 billion by 2027. Assuming a 30% net income margin, that could yield $20 billion in earnings. So a price-to-earnings multiple of 50 could get AMD to a $1 trillion market cap by that time. That may seem like a high valuation, but it's a pretty good bet that the AI chip market will continue growing beyond 2027. It's also quite possible AMD could get more than that modest 10% share of the AI chip market. So by 2030, it's certainly a fair shot to get to that $1 trillion market cap, more than four times today's valuation. 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 Billy Duberstein has positions in Taiwan Semiconductor Manufacturing. His clients may own shares of the companies mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Nvidia, 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.

Given the explosive growth in AI computing we are seeing and are likely to see through this decade, those tailwinds could potentially propel Advanced Micro Devices (NASDAQ: AMD) to new heights. First, Su made the choice to diversify away from PCs, where AMD got 90% of its revenue at the time, and into more high-end applications such as gaming, embedded chips, and data center processors. That left an opportunity for AMD to actually leap ahead of Intel in terms of power and performance, enabling it to gobble up market share from a near-zero starting point.

Given the explosive growth in AI computing we are seeing and are likely to see through this decade, those tailwinds could potentially propel Advanced Micro Devices (NASDAQ: AMD) to new heights. But AMD's execution has been excellent ever since Lisa Su took over as CEO in October 2014. Back then, AMD had just a $2.4 billion market cap -- yes, you read that right.

But $1 trillion is still in sight by 2030 Even if AMD forever remains a "next-best" option for AI chips, it's possible the AI market could be large enough that AMD will reach $1 trillion anyway. But even an incremental 10% of the $400 billion AI chip market could propel AMD's revenue to, say, $65 billion by 2027. Given the explosive growth in AI computing we are seeing and are likely to see through this decade, those tailwinds could potentially propel Advanced Micro Devices (NASDAQ: AMD) to new heights.

Can AMD compete with Nvidia in AI? But even an incremental 10% of the $400 billion AI chip market could propel AMD's revenue to, say, $65 billion by 2027. It's also quite possible AMD could get more than that modest 10% share of the AI chip market.

170215.0

2024-01-09 00:00:00 UTC

Zacks Industry Outlook Highlights Advanced Micro Devices, ASE Technology, Cirrus Logic and QuickLogic

AMD

https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-advanced-micro-devices-ase-technology-cirrus-logic-and

For Immediate Release Chicago, IL – January 9, 2024 – Today, Zacks Equity Research discusses Advanced Micro Devices AMD, ASE Technology ASX, Cirrus Logic CRUS and QuickLogic QUIK. Industry: Semiconductors Link: https://www.zacks.com/commentary/2206808/4-electronics-semiconductor-stocks-to-escape-macro-headwinds The challenging global macroeconomic environment and end-market volatility have affected the Zacks Electronics - Semiconductors industry. Geo-political tensions, unfavorable forex and rising inflationary pressure also weigh heavily on the industry's prospects. Nevertheless, industry players likeAdvanced Micro Devices, ASE Technology, Cirrus Logic and QuickLogic have been benefiting from the increasing demand for high-volume consumer electronic devices, such as digital media players, smartphones and tablets, and the strong uptake of efficient packaging, machine vision solutions and robotics. Additionally, the growing proliferation of AI, Machine Learning, Blockchain, Internet of Things, Augmented Reality/Virtual Reality (AR/VR) and industrial revolution 4.0 (which focuses on interconnectivity and automation) should continue to drive the industry's growth. Easing supply-chain constraints are also benefiting the industry participants. Industry Description The Zacks Electronics – Semiconductors industry comprises firms that provide a wide range of semiconductor technologies. Their offerings include packaging and test services, wafer cleaning, factory automation, face detection and image-recognition capabilities to develop intelligent and connected products. The participants primarily cater to end-markets constituting consumer electronics, communications, computing, industrial and automotive. These companies are raising their spending on research and development to stay afloat in an era of technological advancements and changing industry standards. The underlined industry is experiencing solid demand for advanced electronic equipment, helping these firms increase their investments in cost-effective process technologies. What's Shaping the Future of the Electronics - Semiconductors Industry? Macroeconomic Headwinds Pose Concerns: Rising inflationary pressure and fears of global recession have negatively impacted the rate of deal wins. Due to the challenging macroeconomic scenario, enterprises are reluctant to sign multi-year deals worldwide. These trends do not bode well for the industry participants. Geo-political Tensions Are Worrisome: The ongoing Russia-Ukraine war and, most importantly, the souring relationship between the United States and China are creating headwinds. Increasing dependency on AI-backed electronic devices on semiconductors and current restrictions ordered by the United States on trading with China, the main hub for chip production, is a significant negative for the underlined industry. Smart Devices Aiding Computing Demand: Smart devices need computing and learning capabilities to perform face detection, image recognition and video analytics capabilities. These require high processing power, speed and memory; low power consumption; and better graphic processors and solutions, which bode well for the industry. Graphic solutions help increase the image rendering rate, and improve image resolution and color definition. Zacks Industry Rank Indicates Bleak Prospects The Zacks Electronics - Semiconductors industry is housed within the broader Zacks Computer and Technology sector. It currently carries a Zacks Industry Rank #189, which places it in the bottom 25% of more than 250 Zacks industries. The group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates solid near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. The industry's positioning in the bottom 50% of the Zacks-ranked industries is a result of the negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are pessimistic about this group's earnings growth potential. Since Sep 30, 2023, the industry's earnings estimates for the current year have moved 4.2% down. Despite the gloomy industry outlook, a few stocks have the potential to outperform the market based on a strong earnings outlook. But before we present the top industry choices, it is worth taking a look at the industry's shareholder returns and current valuation first. Industry Outperforms S&P 500 & Sector The Zacks Electronics - Semiconductors industry has outperformed the Zacks S&P 500 composite and surpassed the broader Zacks Computer and Technology sector in the past year. The companies in the industry have collectively surged 74.6% compared with the S&P 500 and the broader sector's rallies of 22% and 45.1%, respectively. Industry's Current Valuation On the basis of the forward 12-month price-to-earnings ratio, which is a commonly used multiple for valuing electronics semiconductors stocks, the industry is currently trading at 25.67X versus the S&P 500 and the sector's 19.6X and 24.04X, respectively. Over the past five years, the industry has traded as high as 44.41X, as low as 9.35X and recorded a median of 16.55X. 4 Electronics Semiconductor Stocks to Watch Cirrus Logic: Austin, TX-headquartered CRUS is gaining from strong customer engagement across its portfolio. Strength across Cirrus Logic's audio and haptic solutions remains a plus point. Growing momentum across advanced power and battery-related technologies is a positive. The Zacks Rank #1 (Strong Buy) company, which develops, manufactures and markets analog, mixed-signal and audio DSP integrated circuits, is expected to gain well from its deepening focus on next-generation technology like wearables, gaming and AR/VR. The company is increasing the production of its camera controller product for smartphones, which is another positive. You can see the complete list of today's Zacks #1 Rank stocks here. Cirrus Logic has lost 4% in the past year. The Zacks Consensus Estimate for the company's fiscal 2024 earnings has moved north by 0.4% to $5.26 per share in the past 60 days. QuickLogic: The San Jose, CA-based company develops ultra-low-power multi-core voice-enabled SoCs, embedded FPGA IP and Endpoint AI solutions. QUIK is gaining from the growing demand for its IP-related products. Strength in its technology and Australis IP generator is noteworthy. A solid momentum in QuickLogic's Strategic Radiation Hardened FPGA Technology is another major positive. Growing contributions from the large government contract for this particular technology are driving the company's top-line growth. Apart from this, the Zacks Rank #2 (Buy) company is benefiting from increasing conversions from funnel opportunities, which are leading to new bookings. QuickLogic has gained 153.8% in the past year. The Zacks Consensus Estimate for QUIK's 2023 earnings has moved north by 120% to 11 cents per share over the last 60 days. Advanced Micro Devices: The Santa Clara-based 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 AMD's top-line growth. The Zacks Rank #3 (Hold) company offers a wide range of high-performance and adaptive processor technologies, combining CPUs, GPUs, FPGAs, Adaptive SoCs and deep software expertise. The company expects to witness strong growth in the data center market, thanks to the solid adoption of fourth-generation AMD EPYC CPUs. Advanced Micro Devices has gained 106.1% in a year. The Zacks Consensus Estimate for AMD's 2023 earnings was unchanged at $2.65 per share over the last 60 days. ASE Technology: The Taiwan-based provider of semiconductor manufacturing services in assembly and test is gaining from its robust ATM business, which is riding on the solid momentum across product categories, such as wire-bond and advanced packaging, test solutions, consumer, communications, and computing. The strengthening utilization of ATM factory lines remains another positive. The increasing use of advanced packaging in applications across computing and communications end markets is a tailwind for ASX. The Zacks Rank #3 company is well-positioned to capitalize on the increased consumer demand for small and delicate electronics solutions on strength in wire-bonded products and advanced packaging. ASE Technology has gained 24.6% in the past year. The Zacks Consensus Estimate for ASX's 2023 earnings was unchanged at 44 cents per share over the last 60 days. 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 >> Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch/ Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. 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. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> 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 Cirrus Logic, Inc. (CRUS) : Free Stock Analysis Report QuickLogic Corporation (QUIK) : Free Stock Analysis Report ASE Technology Holding Co., Ltd. (ASX) : 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.

For Immediate Release Chicago, IL – January 9, 2024 – Today, Zacks Equity Research discusses Advanced Micro Devices AMD, ASE Technology ASX, Cirrus Logic CRUS and QuickLogic QUIK. The launch of the Ryzen 8040 series processor with Ryzen AI and Instinct MI300 Series data center AI accelerators bodes well for AMD's top-line growth. The company expects to witness strong growth in the data center market, thanks to the solid adoption of fourth-generation AMD EPYC CPUs.

For Immediate Release Chicago, IL – January 9, 2024 – Today, Zacks Equity Research discusses Advanced Micro Devices AMD, ASE Technology ASX, Cirrus Logic CRUS and QuickLogic QUIK. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Cirrus Logic, Inc. (CRUS) : Free Stock Analysis Report QuickLogic Corporation (QUIK) : Free Stock Analysis Report ASE Technology Holding Co., Ltd. (ASX) : Free Stock Analysis Report To read this article on Zacks.com click here. The launch of the Ryzen 8040 series processor with Ryzen AI and Instinct MI300 Series data center AI accelerators bodes well for AMD's top-line growth.

Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Cirrus Logic, Inc. (CRUS) : Free Stock Analysis Report QuickLogic Corporation (QUIK) : Free Stock Analysis Report ASE Technology Holding Co., Ltd. (ASX) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – January 9, 2024 – Today, Zacks Equity Research discusses Advanced Micro Devices AMD, ASE Technology ASX, Cirrus Logic CRUS and QuickLogic QUIK. The launch of the Ryzen 8040 series processor with Ryzen AI and Instinct MI300 Series data center AI accelerators bodes well for AMD's top-line growth.

For Immediate Release Chicago, IL – January 9, 2024 – Today, Zacks Equity Research discusses Advanced Micro Devices AMD, ASE Technology ASX, Cirrus Logic CRUS and QuickLogic QUIK. The launch of the Ryzen 8040 series processor with Ryzen AI and Instinct MI300 Series data center AI accelerators bodes well for AMD's top-line growth. The company expects to witness strong growth in the data center market, thanks to the solid adoption of fourth-generation AMD EPYC CPUs.

170216.0

2024-01-09 00:00:00 UTC

AMD Strengthens Portfolio With New Radeon & Ryzen Products

AMD

https://www.nasdaq.com/articles/amd-strengthens-portfolio-with-new-radeon-ryzen-products

Advanced Micro Devices AMD is expanding its gaming portfolio with the launch of the Radeon RX 7600 XT graphics card. The graphics card features 16GB of high-speed GDDR6 memory that supports next-generation AI and content creation workloads. The new graphics card improves AMD’s competitive prowess against NVIDIA NVDA. Users with AMD’s latest graphics card, in support with AMD FidelityFX Super Resolution and AMD HYPR-RX with AMD Fluid Motion Frames, can deliver up to 1.9 times faster gaming and raytracing performance than the NVIDIA GeForce RTX 2060. AMD Radeon RX 7600 XT graphics card is expected to be available beginning Jan 24, 2024, from leading AMD board partners, including Acer, ASRock, ASUS, Gigabyte, PowerColor, Sapphire and XFX. AMD is also expanding its desktop portfolio with the introduction of the new Ryzen 8000G series desktop processors for the AM5 platform, including the Ryzen 7 8700G, with the world’s most powerful built-in graphics. AMD Ryzen 8000G series features up to eight cores and 16 threads. AMD is also introducing Ryzen AI to unlock more AI for desktop consumers. Moreover, AMD is introducing new Ryzen 5000 processors that include the new Ryzen 7 5700X3D, leveraging powerful 3D V-Cache technology. Advanced Micro Devices, Inc. Price and Consensus Advanced Micro Devices, Inc. price-consensus-chart | Advanced Micro Devices, Inc. Quote AMD’s Prospects Remain Bright AMD’s expanding portfolio is driving its prospects. It recently launched the Ryzen 8040 series processor with Ryzen AI and Instinct MI300 Series data center AI accelerators. The company also introduced the ROCm 6 open software stack with significant optimizations and new features supporting Large Language Models. The latest Ryzen 8040 series mobile processors, when combined with Ryzen AI NPU on-die, extend AMD’s leadership position in the AI-supported PC markets. Systems leveraging Ryzen 8040 series processors will be globally available from leading original equipment manufacturers, including Acer, Asus, Dell Technologies DELL, HP, Lenovo and Razer, beginning in 2024. AMD is expanding its data center footprint with the new Instinct MI300X accelerator. It combines CDNA 3 architecture and Zen 4 CPUs to deliver robust performance for HPC and AI workloads. Partners like Microsoft MSFT, Oracle and Dell are already using the accelerators in their systems. Microsoft is using AMD’s Instinct accelerator portfolio in its new Azure ND MI300x v5 virtual machine series, optimized for AI workloads. AMD, which currently carries a Zacks Rank #3 (Hold), expects fourth-quarter 2023 revenues to be $6.1 billion (+/-$300 million), which indicates year-over-year growth of 9% and 5% sequentially at the mid-point. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. 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. The Zacks Consensus Estimate for fourth-quarter 2023 revenues is pegged at $6.11 billion, indicating 9.2% year-over-year growth. The consensus estimate for earnings is pegged at 77 cents per share, suggesting 11.59% year-over-year growth. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> 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 Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : 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 is expanding its gaming portfolio with the launch of the Radeon RX 7600 XT graphics card. AMD, which currently carries a Zacks Rank #3 (Hold), expects fourth-quarter 2023 revenues to be $6.1 billion (+/-$300 million), which indicates year-over-year growth of 9% and 5% sequentially at the mid-point. The new graphics card improves AMD’s competitive prowess against NVIDIA NVDA.

Advanced Micro Devices, Inc. Price and Consensus Advanced Micro Devices, Inc. price-consensus-chart | Advanced Micro Devices, Inc. Quote AMD’s Prospects Remain Bright AMD’s expanding portfolio is driving its prospects. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report To read this article on Zacks.com click here. Advanced Micro Devices AMD is expanding its gaming portfolio with the launch of the Radeon RX 7600 XT graphics card.

Users with AMD’s latest graphics card, in support with AMD FidelityFX Super Resolution and AMD HYPR-RX with AMD Fluid Motion Frames, can deliver up to 1.9 times faster gaming and raytracing performance than the NVIDIA GeForce RTX 2060. Advanced Micro Devices, Inc. Price and Consensus Advanced Micro Devices, Inc. price-consensus-chart | Advanced Micro Devices, Inc. Quote AMD’s Prospects Remain Bright AMD’s expanding portfolio is driving its prospects. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report To read this article on Zacks.com click here.

Advanced Micro Devices AMD is expanding its gaming portfolio with the launch of the Radeon RX 7600 XT graphics card. The new graphics card improves AMD’s competitive prowess against NVIDIA NVDA. Users with AMD’s latest graphics card, in support with AMD FidelityFX Super Resolution and AMD HYPR-RX with AMD Fluid Motion Frames, can deliver up to 1.9 times faster gaming and raytracing performance than the NVIDIA GeForce RTX 2060.

170217.0

2024-01-09 00:00:00 UTC

AMD Quantitative Stock Analysis

AMD

https://www.nasdaq.com/articles/amd-quantitative-stock-analysis-20

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.