AMD Stock Summary and Trading Ideas (Advanced Micro Devices | NASDAQ:AMD)

Advanced Micro Devices designs a variety of digital semiconductors for markets such as PCs, gaming consoles, data centers, industrial, and automotive applications, among others. AMD's traditional strength was in central processing units, CPUs, and graphics processing units, or GPUs, 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, or FPGA, leader Xilinx to diversify its business and augment its opportunities in key end markets such as the data center and automotive.

Advanced Micro Devices trades on the NASDAQ stock market under the symbol AMD.

As of April 18, 2024, AMD stock price climbed to $155.08 with 49,041,803 million shares trading.

AMD has a beta of 1.72, meaning it tends to be more sensitive to market movements. AMD has a correlation of 0.19 to the broad based SPY ETF.

AMD has a market cap of $250.63 billion. This is considered a Mega Cap stock.

Last quarter Advanced Micro Devices reported $6 billion in Revenue and $.77 earnings per share. This beat revenue expectation by $48 million and met earnings estimates .

In the last 3 years, AMD stock 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, VUG.

AMD has outperformed the market in the last year with a return of +72.6%, while the SPY ETF gained +22.3%. However, in the most recent history, AMD shares have underperformed the stock market with its stock returning -3.2% in the last 3 month period and -14.2% for the last 2 week period, while SPY has returned +6.1% and -3.8%, respectively.

AMD support price is $149.02 and resistance is $159.03 (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 stock will trade within this expected range on the day.