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Nvidia (NASDAQ: NVDA) and AMD (NASDAQ: AMD) are quality growth stocks riding megatrends such as cloud computing, gaming, autonomous vehicles, artificial intelligence, and more. In the below video, I provide an update for each company and compare Nvidia versus AMD to see which sto
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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.
Last year's interest rate increases are reminding everyone about the merits of value investing, but that doesn't mean you should ignore tech stocks. While "tech" gets a bad rap due to many high-profile yet unprofitable companies -- mostly in the software or EV spaces -- many hard
It took more than a year longer than Intel (NASDAQ: INTC) had originally planned, but the company's innovative Sapphire Rapids server CPUs have finally launched. The Sapphire Rapids family is composed of 52 CPUs spanning a wide range of core counts and features, and it launched a
In today's video, Jose Najarro and Nick Rossolillo discuss Advanced Micro Devices' (NASDAQ: AMD) MI300, Intel's (NASDAQ: INTC) Falcon Shores, and Nvidia's (NASDAQ: NVDA) Grace Hopper Superchip, which are the next generation of chips entering the data center market. Check out the
In today's video, Jose Najarro and Nick Rossolillo discuss Advanced Micro Devices (NASDAQ: AMD) and the new products announced during CES 2023. AMD announced numerous consumer market processors, but what excited Jose and Nick were chips for the data center market. Check out the s
Global shipments of PCs tumbled 28.5% year over year in the fourth quarter, according to Gartner, marking the largest quarterly decline in at least two decades. No geographic region, market segment, or vendor was spared. Demand for business PCs, a bright spot for the industry for
Per
CapitolTrades.com, John Curtis, the U.S. representative for Utah’s 3rd congressional district, has recently bought shares of Advanced Micro Devices (
NASDAQ:AMD
). Meanwhile, Congressman Curtis sold shares of Bank of America (
NYSE:BAC
) and JPMorgan Chase & Co. (
NYSE:JPM
).
Per the data, Curtis bought and sold these stocks on December 20, 2022. Meanwhile, these transactions had a size range of $1-$15K.
Let’s leverage
TipRanks’ data to find out what’s in the offing for AMD, BAC, and JPM.
What is the Future of AMD Stock?
Shares of chipmaker AMD have dropped over 48% in one year, reflecting inventory issues and softness in demand due to the negative impact of inflation and high-interest rates on consumer spending. Given the continued
weakness in PC shipments and pricing pressure, AMD stock could continue to face challenges in the short term.
However, most Wall Street analysts maintain a bullish stance on AMD stock. It has received 17 Buy and six Hold recommendations for a Moderate Buy consensus rating. KeyBanc analyst
John Vinh reduced his price target on AMD stock to $80 from $85. The analyst expects weakness in most end markets, primarily in automotive and industrials, to remain a short-term drag. However, Vinh believes AMD is well-positioned to weather the near-term challenges. He maintains a Buy rating.
On TipRanks,
AMD’s price target of $83.03 implies 17.27% upside potential.
While analysts are cautiously optimistic about this
large-cap stock,
Hedge Funds sold 1.4M shares of AMD last quarter. Overall, AMD’s Smart Score of four implies a Neutral outlook.
Is Bank of America a Buy, Sell, or Hold?
Bank of America stock sports a Moderate Buy consensus rating on TipRanks. The
banking giant has seven Buys and five Holds. Further, analysts’ average price target of $40.63 implies 17.87% upside potential.
Deutsche Bank analyst
Matt O’Connor recently downgraded
BAC stock to Hold and cut his price target to $36 from $45. O’Connor expects a weak macro environment will lead to an increase in reserves and hurt earnings. Further, he sees downside risk from the valuation perspective in the event of a recession.
While O’Connor sees challenges ahead, hedge funds have been accumulating BAC stock. In the last three months,
hedge funds bought 14.6M shares of BAC. Bank of America's stock carries an Outperform Smart Score of nine.
Is JPM a Buy or Sell?
On TipRanks, JPM stock commands a Moderate Buy consensus rating based on nine Buys and five Holds. These
analysts’ average price target of $147.86 implies 6% upside potential.
Similar to BAC, O’Connor downgraded JPM stock, citing challenges ahead. The analyst highlighted the “ongoing macro risks” and "weakening bank fundamentals” as reasons for the rating downgrade.
Our data shows that hedge funds have reduced their exposure to JPM stock. They
sold 778.4K shares of JPM last quarter. Overall, JPM stock has a Neutral Smart Score of seven.
Bottom Line
It could prove advantageous for retail investors to follow politicians’ trades closely. Also, investors can use
TipRanks’ Experts Center to make informed buying and selling calls. As for AMD, BAC, and JPM, the near-term macro headwinds could pose challenges and limit the upside.
Disclosure
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Global personal computer shipments are expected to rise starting late 2023, with a new cycle of system upgrades likely to accelerate growth next year, according to research firms IDC and Canalys.
Today's video focuses on Advanced Micro Devices (NASDAQ: AMD) and the various new products it announced during CES 2023. While CES is mainly a trade show for the consumer market, AMD took the opportunity to showcase some exciting data center processors. Are these new processors a
Advanced Micro Devices (AMD) closed the most recent trading day at $68.05, moving +1.2% from the previous trading session. This change outpaced the S&P 500's 0.7% gain on the day. Meanwhile, the Dow gained 0.56%, and the Nasdaq, a tech-heavy index, added 7.5%.