What's Going On With Advanced Micro Devices Stock Monday?
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Advanced Micro Devices designs a variety of digital semiconductors for markets such as PCs, gaming consoles, data centers, industrial, and automotive applications. AMD's traditional strength was in central processing units and graphics processing units used in PCs and data centers. Additionally, the firm supplies the chips found in prominent game consoles such as the Sony PlayStation and Microsoft Xbox. In 2022, the firm acquired field-programmable gate array leader Xilinx to diversify its business and augment its opportunities in key end markets such as data center and automotive.
Advanced Micro Devices trades on the NASDAQ stock market under the symbol AMD.
As of November 18, 2024, AMD stock price climbed to $139.61 with 23,292,631 million shares trading.
AMD has a beta of 2.66, meaning it tends to be more sensitive to market movements. AMD has a correlation of 0.45 to the broad based SPY ETF.
AMD has a market cap of $226.56 billion. This is considered a Mega Cap stock.
Last quarter Advanced Micro Devices reported $7 billion in Revenue and $.92 earnings per share. This beat revenue expectation by $109 million and met earnings estimates .
In the last 3 years, AMD traded as high as $227.30 and as low as $54.57.
The top ETF exchange traded funds that AMD belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.
AMD has underperformed the market in the last year with a price return of +18.3% while the SPY ETF gained +32.1%. AMD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -5.3% and -1.6%, respectively, while the SPY returned +6.5% and +2.8%, respectively.
AMD support price is $132.36 and resistance is $137.44 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMD shares will trade within this expected range on the day.