What's Going On With AMD Shares
Portfolio Pulse from Henry Khederian
Advanced Micro Devices, Inc. (AMD) shares are trading lower by 2.8% potentially due to weakness in the Nasdaq-100 (QQQ) and poor earnings results from Taiwan Semiconductor Mfg. Co. Ltd. (TSM), a key supplier for AMD. This could raise concerns about AMD's future chip supply and production costs, impacting their revenue and profitability outlook.
July 20, 2023 | 2:46 pm
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NEGATIVE IMPACT
AMD shares are trading lower potentially due to poor earnings results from key supplier TSM and overall weakness in the Nasdaq-100. This could impact AMD's future chip supply and production costs.
AMD's stock price is falling potentially due to poor earnings from TSM, a key supplier for AMD. This could indicate lower demand for semiconductor manufacturing services, raising concerns about AMD's future chip supply and production costs. Additionally, the overall weakness in the Nasdaq-100 could also be contributing to the fall in AMD's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Weakness in the Nasdaq-100 (QQQ) could be contributing to the fall in AMD's stock price.
The overall weakness in the Nasdaq-100, as indicated by the QQQ ETF, could be contributing to the fall in AMD's stock price. As AMD is a part of the Nasdaq-100, any weakness in the index could potentially impact the stock price of its constituent companies.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Poor earnings results from Taiwan Semiconductor Mfg. Co. Ltd. (TSM) could be impacting AMD's stock price as TSM is a key supplier for AMD.
TSM's worse-than-expected earnings could indicate lower demand for semiconductor manufacturing services. As TSM is a key supplier for AMD, this could raise concerns about AMD's future chip supply and production costs, thereby impacting AMD's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70