Analyst Downgrades Advanced Micro Devices, Inc. (AMD) — Says AI Expectations are ‘Too High' [Yahoo! Finance]
Advanced Micro Devices, Inc. (AMD)
Last advanced micro devices, inc. earnings: 4/28 04:25 pm
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Source: Yahoo! Finance
When the AI revolution started with the launch of ChatGPT, investors started pouring money into a handful of companies that are leading AI technology development, thanks to their industry position and unending free cash flows. Market analysts soon started pointing to the concentration of gains phenomena in the market, where just a few stocks accounted for most of the broader market gains. This tech concentration remains strong as of today, as all important AI and Cloud technologies that we see in the news are developed, acquired or marketed by mega-cap tech companies we're all familiar with. Bank of America analyst Michael Hartnett recently said in a report that the S&P 500 has gained about 12% so far in the year, but if we remove 10 technology companies from the equation, these gains shrink to just 3.6%. Hartnett calls these companies the “AI Big Ten” group. What about the Magnificent Seven group of stocks that kept making headlines in 2023 and early 2024? Hartnett calculated that
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News
- Wedbush Reaffirms Outperform Rating On Advanced Micro Devices, Inc. (AMD), Citing Strategic ZT Acquisition and Strong GPU Market Outlook [Yahoo! Finance]Yahoo! Finance
- Is Advanced Micro Devices, Inc. (AMD) the Best NASDAQ Stock to Invest In Right Now? [Yahoo! Finance]Yahoo! Finance
- Dollar drifts, risk-sensitive currencies lifted by China optimism [Yahoo! Finance Canada]Yahoo! Finance Canada
- AMD Instinct MI300X Accelerators Available on Oracle Cloud Infrastructure for Demanding AI ApplicationsGlobeNewswire
- AMD: A Pullback Is Imminent (Technical Analysis) [Seeking Alpha]Seeking Alpha
AMD
Earnings
- 7/30/24 - Beat
AMD
Sec Filings
- 9/17/24 - Form 4
- 9/13/24 - Form 4
- 9/11/24 - Form 144
- AMD's page on the SEC website