What's Going On With AMD Stock Monday?
Portfolio Pulse from Anusuya Lahiri
Advanced Micro Devices (AMD) stock is trading higher despite reports of the U.S. planning to prevent American chipmakers from selling semiconductors to China. AMD's CEO, Lisa SU, has stepped down from the board of directors at Cisco Systems (CSCO) to prevent conflict of interests as AMD proposes a shift in its image in the networking and server industry. AMD is preparing to become a competitive player in the server industry, posing a threat to Cisco. Citi analyst Christopher Danely flagged a lack of conviction on the buy side for semiconductor stocks. Goldman Sachs analyst Toshiya Hari expects AMD's share gains in the server market to re-accelerate in 4Q23 and 2024.
October 16, 2023 | 5:52 pm
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NEGATIVE IMPACT
AMD's CEO has stepped down from the board of directors at Cisco to prevent conflict of interests as AMD aims to compete in the server industry.
AMD's move to compete in the server industry could pose a threat to Cisco, potentially impacting its stock value.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEUTRAL IMPACT
Goldman Sachs analyst expects the gap between AMD and Intel to narrow if Intel executes to its current proposed product roadmap.
The analyst's prediction about Intel's performance could impact investor sentiment and the company's stock value.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
AMD stock is trading higher despite potential regulatory challenges. The company is preparing to compete in the server industry, posing a threat to Cisco.
AMD's stock is trading higher despite potential regulatory challenges, indicating investor confidence. The company's move to compete in the server industry could boost its market position and stock value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
AMD stock is trading higher in line with the broader index Invesco QQQ Trust.
The performance of AMD stock could influence the value of the Invesco QQQ Trust ETF.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 40