Nasdaq AMD

Wall Street ended lower after a choppy session on Tuesday, with geopolitical tensions flaring after U.S. House of Representatives Speaker Nancy Pelosi visited Taiwan.

Chip designer Advanced Micro Devices Inc beat Wall Street estimates for second-quarter revenue on Tuesday, driven by supply chain improvements and strong demand for its high-end chips used in data centers and servers.

The S&P 500 ended lower after a choppy session on Tuesday, with geopolitical tensions flaring after U.S. House of Representatives Speaker Nancy Pelosi visited Taiwan.

All eyes last week have been drawn to the tech giants’ earnings but this week has some big names reporting too; after the market closes today, Advanced Micro Devices (AMD) will grab hold of the earnings mic to deliver Q2’s results.

Will it be a “drop the mic” quarter? Not quite, says Deutsche Bank’s Ross Seymore.

“Overall, we expect AMD to deliver a solid print in its first quarter since its Analyst Day and since re-segmenting revenues,” says the 5-star analyst. “While we do still view AMD’s CY22 guidance to be attainable, we recently lowered our 2H22 forecast and 2023/2024 outlooks to reflect the softening macro environment.”

The short-term issues currently center on the waning demand in PC/CPUs, but Seymore thinks that even Data Center - which has so far been immune to the macro developments - will take a tumble eventually, although AMD’s share gains in the segment will be able to “somewhat offset” the overall anticipated weakness.

Seymore might be heeding caution, but as far as expectations for the quarter go, his are at the high end.

The analyst is calling for revenue of $6.61 billion (up 72% year-over-year), above the mid-point of guidance ($6.3-6.7 billion) and higher than the Street’s $6.53 billion forecast. Likewise for the bottom-line, Seymore is calling for EPS of $1.07, a touch above consensus at $1.05.

For Q3, Seymore expects AMD will guide for revenues of $6.82 billion, amounting to a 58% year-over-year uptick and “in line” with the Street’s forecast of $6.81 billion. Seymore, as does the Street, expects EPS of $1.10.

“Overall,” the analyst wraps up, “heading into a challenging macroeconomic environment we remain encouraged AMD can gain share/grow due to its strong product line-up (and due to weaker competitive pressures in the medium term as its primary competitor attempts to regain its footing).”

That said, with shares are now trading 14% above his recently revised $85 price target and given investors are “less willing to stomach growth names in the current market,” heading into the print, Seymore sticks with a Hold (i.e. neutral) rating. (To watch Seymore’s track record, click here)

7 other analysts join the Deutsche Bank expert on the sidelines, but with an additional 18 Buys, the stock claims a Moderate Buy consensus rating. The average price target is far more bullish than Seymore allows; at $127.43, the figure makes room for 12-month gains of 42%. (See AMD stock forecast on TipRanks)

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Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

Wall Street was mixed in choppy trading on Tuesday, with geopolitical tensions flaring after U.S. House of Representatives Speaker Nancy Pelosi visited Taiwan.

The following companies are expected to report earnings after hours on 08/02/2022. Visit our Earnings Calendar for a full list of expected earnings releases.Advanced Micro Devices, Inc. (AMD)is reporting for the quarter ending June 30, 2022. The electric company company's consen

The WisdomTree U.S. LargeCap Fund ETF is seeing unusually high volume in afternoon trading Tuesday, with over 253,000 shares traded versus three month average volume of about 73,000. Shares of EPS were trading flat on the day.

The tech-heavy Nasdaq Composite Index logged in the best month since April 2020, rallying 12.3% in July and showing an astounding comeback from the heavy sell-off led by soaring yields. Invesco QQQ QQQ, which serves as a proxy to the index, gained 11.3% last month.Though

U.S. stock futures have dropped in today’s pre-market following tensions between the United States and China. Market participants will also closely monitor second-quarter 2022 earnings results as 270 companies are slated to report their quarterly numbers.

U.S. stock futures have dropped in today’s pre-market following tensions between the United States and China. Market participants will also closely monitor second-quarter 2022 earnings results as 270 companies are slated to report their quarterly numbers.

U.S. stock indexes were set to open lower on Tuesday on concerns that a planned visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan could worsen tensions between the United States and China.

August is here, and I have 10 stocks for you to explore. I believe these stocks are attractive at current prices and lower.

The NASDAQ 100 Pre-Market Indicator is down -117.93 to 12,822.85. The total Pre-Market volume is currently 51,680,353 shares traded.The following are the most active stocks for the pre-market session: AMTD IDEA Group (AMTD) is +9.2 at $11.28, with 23,519,571 shares traded.36Kr H

The company will report second quarter fiscal 2022 earnings results after the closing bell Tuesday. Investors will look to see whether its streak of earnings beats can continue.

U.S. stock index futures fell on Tuesday on concerns that a planned visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan could worsen tensions between the United States and China.

Today's video focuses on Advanced Micro Devices (NASDAQ: AMD) and five things I will keep my eyes on while the company reports earnings on Tuesday after the market closes. Unfortunately, Intel (NASDAQ: INTC) reported a slowdown in its consumer and data center market. Should AMD i

Monday, August 1, 2022The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Amazon.com, Inc. (AMZN), Berkshire Hathaway Inc. (BRK.B) and Thermo Fisher Scientific I

Leading semiconductor company Advanced Micro Devices, Inc. (NASDAQ: AMD) saw its shares rise 3.1% on July 29. The upside could have been triggered by the CHIPS+ bill that now sits on President Joe Biden's desk, awaiting his signature, after bagging the green light from Congress on July 28.

The bill is expected to solve the ongoing supply-chain challenges and chip shortages being faced by the U.S. semiconductor industry.

Meanwhile, the semiconductor company is scheduled to report its results for the second quarter of 2022 on August 2, after the market closes.

The company is expected to witness continued strong performance from its Ryzen and EPYC server processors in the to-be-reported quarter. Moreover, AMD’s solid full-year guidance indicates higher organic growth across AMD and growing synergies from the recently acquired Xilinx business.

Now, let’s take a look at analysts' expectations and the factors that might have influenced the company's second-quarter results.

Consensus Estimates for Q2 Are Impressive

Analysts expect AMD to post earnings of $1.03 per share in the second quarter of 2022. The estimate compares favorably with the figure of 63 cents per share reported in the second quarter of 2021.

Also, the consensus estimate for the company’s revenues stands at $6.53 billion, higher than the year-ago tally of $3.85 billion.

Key Catalysts for Q2 Earnings

The company is witnessing strong demand for its chips used in computers and graphics cards. The momentum in AMD’s business that delivers semiconductors for games consoles, embedded processors, and other system-on-chips is expected to have boosted the results for the to-be-reported quarter.

Revenues from the EPYC server processor are expected to keep rising. Notably, its revenues more than doubled for the third consecutive quarter in the first quarter of 2022.

Street Is Optimistic about AMD Stock

Overall, the Street is optimistic about the stock and has a Moderate Buy consensus rating based on 18 Buys and eight Holds. Advanced Micro Devices’ average price target of $127.43 signals that the stock may surge nearly 34.9% from current levels. Shares of the company have lost 37.1% so far this year.

AMD scores a "Perfect 10" on TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform the market. Also, financial bloggers are 88% Bullish on AMD, compared to the sector average of 65%.

TipRanks data shows that hedge funds are Very Positive about the company, as they bought 9.3 million shares of AMD in the last quarter.

Prospects Look Bright for AMD

Advanced Micro Devices is well-positioned to gain from upbeat prospects in the U.S. semiconductor industry. The company is expected to deliver impressive results on the back of strength across all its business segments. Overall, AMD stock, which has upside potential of 34.9%, looks promising and could be considered by investors interested in the semiconductor space.

Read full Disclosure

Advanced Micro Devices’ AMD second-quarter 2022 results, to be reported on Aug 2, are expected to benefit from the ongoing momentum in EPYC processors and semi-custom products’ sales.The addition of Xilinx is expected to have benefited top-line growth in the to-be-reporte

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