AMD Stock Turns Negative Year-to-Date, CEO Lisa Su Meets With Tesla: What Investors Should Know
Portfolio Pulse from Chris Katje
AMD stock turned negative year-to-date after a decline on Wednesday, despite CEO Lisa Su's meeting with Tesla. The meeting, which highlighted AMD's partnership with Tesla, did not provide new partnership details but reminded investors of their existing collaboration. AMD's stock fell 6.08% to $144.63, and the company will report Q2 results on July 30.
July 24, 2024 | 10:49 pm
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NEUTRAL IMPACT
NVIDIA was mentioned as a competitor in the automotive semiconductor space and a supplier to Tesla. The news does not directly impact NVIDIA's stock.
NVIDIA was mentioned as a competitor and supplier to Tesla, but the news does not directly impact its stock. The focus was more on AMD's relationship with Tesla.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 20
NEUTRAL IMPACT
Qualcomm was mentioned as a competitor in the automotive semiconductor space. The news does not directly impact Qualcomm's stock.
Qualcomm was mentioned as a competitor in the automotive semiconductor space, but the news does not directly impact its stock. The focus was more on AMD's relationship with Tesla.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 20
NEUTRAL IMPACT
Tesla's involvement in the meeting with AMD's CEO Lisa Su highlighted their existing partnership. However, the meeting did not provide new partnership details. Tesla's stock may see limited impact from this news.
The meeting with AMD's CEO Lisa Su highlighted Tesla's existing partnership with AMD but did not provide new information. As a result, the impact on Tesla's stock is expected to be limited.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
AMD's stock fell 6.08% on Wednesday, turning negative year-to-date. CEO Lisa Su's meeting with Tesla highlighted their existing partnership but did not provide new details. AMD will report Q2 results on July 30.
The decline in AMD's stock price is attributed to broader market reactions to earnings reports from Tesla and Alphabet. While the meeting with Tesla highlighted existing partnerships, it did not provide new information to offset the negative sentiment. Upcoming Q2 results could be a catalyst for future price movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100