AMD Stock Forecast: AMD Closes In RED, But Momentum Looks Positive

AMD Stock Forecast: AMD Closes In RED, But Momentum Looks Positive
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AMD Stock Forecast: For next 24 hours, the stock price of AMD is expected to trade between $ 148 and $ 160. The Overall recommendation for the next 24 hours is Buy

2 analysts

AMD Stock Forecast: Latest price

AMD shares closed 5.26% higher at $157.8 in the last trading session

Metric
Value
Trend
Share Volume
$60.02 M
Higher
Average Share Volume
$ 191.25 B
Higher
Forward PE (1 Year)
49.03
NA
image 12

AMD Stock Forecast Performance chart

Stock Name
1 day
5 day
1 Month
1 Year
-2.19%
5.44%
+26.46%
+70.97%

AMD Stock Forecast: Technical Analysis

Source
Support
Resistance
Recommendation
$ 150 (S3)
$ 162 (R1)
Buy
$ 146 (S3)
$163 (R1)
Buy

Advanced Micro Devices Stock – Is AMD Better Than Nvidia? | #AMD

AMD Stock Forecast Latest News and Tweets

Originally tweeted by Ryan (@RWCapital_) on December 1, 2021.

So far the only individual stock that looks good (to me) for the open is $RBLX. Ascending triangle forming on the 30m chart with a nice 4-point volume gap above. On watch at the open. $AMD and $NVDA could possibly test highs today as well.

Originally tweeted by Urban Traders Group (@TradersUrban) on November 29, 2021.

Stock price based on the daily looks to be headed to $160s. Stock held up last week and price respected the 8EMA. If price continues on uptrend this week could signal $165 price target with possible $167 high over the next 2 weeks.

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AMD Stock Forecast: AMD Social Media Sentiuments

Social Media Sentiment Period
Positive Sentiment
Negative Sentiment
Sentiment Trend
Last 7 days
11%
5.4%
Higher
Last 24 hours
12.9%
6.4%
Higher

Advanced Micro Devices Inc Stock Prediction: Latest Videos

Why AMD Stock Is a must-buy for METAVERSE Frenzy – Top Metaverse Stocks VR AR Growth NFT Stocks (Foreign Accent)

AMD Stock Forecast Background (AMD)

AMD is an American Multinational semiconductor company headquartered in California and focuses on computer processors and related technology. Advanced Micro Devices was founded by Jerry Sanders along with seven of his colleagues on May 1,1969. The company’s product includes x86 microprocessors, accelerated processing units, discrete graphics processing units, chipsets for personal computers and gaming datacentres.

Partnership with Meta- A giant leap for future

  • Advanced Micro Devices showed ultra-momentum on Monday and shares held to the all-day gains after analysts were upbeat about company’s new data centre deal with Facebook
  • During an online event, AMD announced that Meta (Facebook) is adopting its EPYC central processing units or CPUs. AMD already supplies processors to cloud computing providers such as Amazon, Microsoft and Alphabet
  • Facebook win was a surprise because it earlier used Intel processors. AMD also launched Instinct MI200 series accelerators optimised for high performance computing and artificial intelligence workload.
  • Meta said in its third quarter press release that it plans to invest as much as $10 billion in its augmented reality and virtual reality products and services. Serving as their prime technology suppliers is very lucrative for AMD and it speaks volume of its preparedness for next 10 years to take on its competitors Intel and Nvidia.

AMD vs Nvidia- A tough call

  • AMD and Nvidia are both been outstanding performers for the year. While Nvidia has given more than 100 percent return, AMD has only given 80 percent return. Both stocks are trading at almost all-time highs, touching new highs day after day. So which one among the two is better for investors?
  • AMD is growing at faster pace than Nvidia. AMD expects 65 percent revenue growth in 2021, up from its prior guidance of 60 percent, whereas analysts expects Nvidia to end fiscal year with 54 percent growth, lower than that of AMD.
  • AMD has diverse catalysts. While Nvidia gets most of its revenue by selling graphic cards, AMD on the other hand gives investors chance to take advantage of more opportunities as it sells CPUs for computers aside from selling graphic cards. AMD horizon is more and it is expected to increase in near future with launch of new products.
  • Valuation is tilted in favour of AMD because AMD is trading at 40 times trailing earnings whereas Nvidia is trading at 95 times trailing earnings. Also AMD’s price to sales ratio is 10.7 which is much lower than Nvidia multiple of 30.7.

Choosing AMD over Nvidia is everybody’s guess right now as AMD is expected to outpace Nvidia in near future, has wide range of products and is available at cheaper price.

A look at AMD financials after Q3 results-

  • AMD recently announced its third quarter results on October 25th and it once again announced stellar performance with revenue jumping 54 percent Year on Year to $4.3 billion during the quarter
  • Adjusted gross margin was up by 440 basis points YoY to 48 percent and non GAAP net income rose to $893 million.
  • The company’s earnings came at $0.73 per share up significantly from $0.41 per share in the previous year period.
  • Company has reduced long term debt significantly from $1325 million in 2017 to $330 million in 2020, coupled with growth in sales, gross income and net income.

AMD Stock Forecast: Final Take

AMD has constantly focused on research and delivering on its promises. It has been in market since 1969, partnered with Intel and is all set to acquired Xilinx. The company is in right sphere when looked from the financials and fundamental prism. Also, Facebook announcement has only helped to increase morale of investors.

Also company has been trading above 10 days, 20 days, 50 days moving average simple and exponential and still is trading at 40x price to earnings is like cheery on the cake. AMD has not placed a wrong foot in the past six years after its President Lisu Su took over its reign and is expected to outperform its competitors in near future.

It will be interesting to watch how its new partnership with Meta pans out and that will decide whether AMD will keep on touching new highs or will it see a major correction?  

Vineet Agarwal

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

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