What's Going On With AMD Stock Thursday?
Portfolio Pulse from Anusuya Lahiri
Advanced Micro Devices Inc (AMD) stock closed higher along with its peers on Thursday, following upbeat quarterly results from Lam Research Corp (LRCX) and Meta Platforms, Inc (META). Rosenblatt analyst Hans Mosesmann reiterated AMD with a Buy and a $200 price target. The analyst sees AMD delivering in-line 2Q23 results in a transitional quarter leading into a second half that has multiple growth drivers. AMD shares closed higher by 0.92% at $111.10 on Thursday.
July 27, 2023 | 8:27 pm
News sentiment analysis
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NEUTRAL IMPACT
Intel Corp (INTC) is mentioned as a potential competitor for AMD, but the article does not provide enough information to determine the impact on INTC's stock.
The article mentions INTC as a potential competitor for AMD, but does not provide enough information to determine the impact on INTC's stock. More information would be needed to make a definitive assessment.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Lam Research Corp's (LRCX) positive quarterly results have likely contributed to the rise in AMD's stock.
LRCX's positive quarterly results have likely had a positive impact on the semiconductor sector, including AMD. However, the direct impact on LRCX's own stock is not mentioned in the article.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Meta Platforms, Inc's (META) positive quarterly results have likely contributed to the rise in AMD's stock.
META's positive quarterly results have likely had a positive impact on the semiconductor sector, including AMD. However, the direct impact on META's own stock is not mentioned in the article.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
AMD's stock rose following positive quarterly results from its peers and a reiterated Buy rating from a Rosenblatt analyst. The analyst predicts strong 2Q23 results and multiple growth drivers in the second half.
The positive quarterly results from AMD's peers, LRCX and META, along with the Buy rating from Rosenblatt, have likely contributed to the rise in AMD's stock. The analyst's prediction of strong 2Q23 results and multiple growth drivers in the second half also bodes well for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100