What's Going On With AMD Stock Thursday?
Portfolio Pulse from Anusuya Lahiri
Nvidia's strong Q2 results have led to a selloff in AMD stock. Nvidia beat earnings and sales consensus, while AMD's Q2 results showed a YoY revenue drop. AMD is set to launch new graphics cards and has acquired AI software leader Mipsology. AMD also secured a deal with Samsung for its HBM3 memory technology. Both AMD and Nvidia are considering Samsung as a potential supplier due to TSM's inability to meet demand.
August 24, 2023 | 3:54 pm
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POSITIVE IMPACT
Nvidia's strong Q2 results led to a selloff in AMD's stock. Nvidia is also considering Samsung as a potential supplier.
Nvidia's strong Q2 results have positively impacted its stock price and led to a selloff in AMD's stock. The company is also considering Samsung as a potential supplier, which could further boost its stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Samsung has secured a deal with AMD for its HBM3 memory technology and is being considered as a potential supplier by both AMD and Nvidia.
Samsung's deal with AMD for its HBM3 memory technology and the potential to become a supplier for both AMD and Nvidia could positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
AMD's stock price dropped following Nvidia's strong Q2 results. However, upcoming product launches, the acquisition of Mipsology, and a partnership with Samsung could potentially boost the stock.
AMD's stock price dropped due to Nvidia's strong Q2 results. However, the company's upcoming product launches, acquisition of Mipsology, and partnership with Samsung could potentially boost the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
TSM's inability to meet the immense demand from the AI industry has led AMD and Nvidia to consider Samsung as a potential supplier.
TSM's inability to meet the demand from the AI industry could negatively impact its stock price as AMD and Nvidia are considering Samsung as a potential supplier.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60