Nasdaq AMD

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Looking at the sectors faring best as of midday Tuesday, shares of Energy companies are outperforming other sectors, higher by 3.1%. Within that group, APA Corp (Symbol: APA) and Occidental Petroleum Corp (Symbol: OXY) are two large stocks leading the way, showing a gain of 8.

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The SPDR— S&P— 500 Fossil Fuel Reserves Free ETF is seeing unusually high volume in afternoon trading Tuesday, with over 319,000 shares traded versus three month average volume of about 36,000. Shares of SPYX were up about 0.5% on the day.

Metaverse adoption is expected to gain momentum in 2022 as several companies are set to launch new products aimed at helping consumers work, play, or study in a virtual world.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

Today's video focuses on numerous topics that affected the semiconductor industry from Jan. 2 to Jan. 7. These topics range from a fire incident at a manufacturing plant to the multiple products presented at CES 2022. Here are some highlights from the video.

On Tuesday, Advanced Micro Devices (AMD) made a slew of new product announcements at its 2022 Product Premiere live affair which took place in conjunction with the CES 2022 tech event.

As per expectations, the company unveiled the next-gen 6nm Zen3+ based Ryzen 6000-series mobile APUs – codenamed Rembrandt – which boasts integrated RDNA2 graphics and a broadened discrete gaming GPU line-up with RDNA2-based Radeon GPUs. These chips are based on a new Zen 3+ CPU architecture and manufacturing technique, but more importantly, their integrated graphics processors replace the aging Vega architecture with the latest RDNA2 architecture used in Radeon 6000-series graphics cards. These are also used in the modern Xbox and PlayStation consoles, and the forthcoming Steam Deck.

In what amounts to more than a 30% year-over-year increase, the chip giant announced that 2022 will kick off with a record of 200+ premium ultra-thin/light, gaming, and professional notebook designs to be sent out with the new Ryzen 6000-series APUs. The first notebooks will ship in February. Notable clients include Lenovo, Dell, Acer, Asus, HP, and others.

“We think investors could consider AMD's updated traction in notebook CPU design wins as one of the most notable incremental data points from the announcements,” said Wells Fargo’s Aaron Rakers.

For comparison’s sake, at CES in 2020 and 2021, the company announced 150 and 100 premium notebook design wins, respectively.

AMD's mobile CPU market share is also on the rise. Going by Mercury Research estimates, share increased from ~20% in 3Q21 to ~22% in 3Q21.

On top of the share trends, Rakers also points to the “estimated expansion in AMD's blended mobile APU ASP ($/unit) trend over the past several quarters,” which validates the company’s pivot into “richer configurations.” For instance, Steam data shows that AMD's share in the gaming PC market has increased from 26.5% a year ago to almost 32% in November 21.

Bottom line, while Rakers admits AMD shares “are not cheap,” he thinks the stock is deserving of a “premium multiple.” As such, the 5-star analyst sticks with an Overweight (i.e. Buy) rating and $180 price target, implying shares will gain 36% over the next year. (To watch Rakers’ track record, click here)

Overall, AMD gets a Moderate Buy rating from the analyst consensus, based on 23 reviews that include 14 Buys and 9 Holds. The shares are selling for $132.23, and their $141.15 average price target suggests an upside potential of ~8% from that level. (See AMD stock analysis on TipRanks)

To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

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

Intel (NASDAQ: INTC) stock has been in turnaround mode since crashing heavily after the release of its third-quarter results on Oct. 21, 2021, as there have been signs of a turnaround in Chipzilla's business thanks to its new products.

If someone's headed closer to retirement, it is probably smart for them to assess their portfolio and switch out some riskier stocks for more durable, dependable companies. One way to do this is by finding some higher-yielding dividend stocks, which I identify as stocks with divi

Today's video focuses on Nvidia (NASDAQ:NVDA) and the new products it announced during CES 2022. Nvidia announced new laptops, graphics cards, software solutions for the metaverse, and even a description of how it provides numerous solutions for self-driving vehicles. Here are so

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

Investors in Advanced Micro Devices Inc (Symbol: AMD) saw new options become available today, for the February 25th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AMD options chain for the new February 25th contracts and identified one

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