From Nasdaq:

1. Advanced Micro Devices (AMD) closed at $136.01, outperforming the S&P 500 and so close to 0.51% from the previous trading session. The Dow, however, registered a gain of 0.03%, and the Nasdaq decreased by 0.56%.

2. Advanced Micro Devices is expected to report an EPS of $0.77, marking a 11.59% rise compared to the same quarter of the previous year. Analysts anticipate revenue of $6.11 billion, indicating a 9.2% upward movement from the same quarter last year.

3. Recent changes to analyst estimates, often reflecting shifting business patterns, influence stock price performance. The Zacks Rank, varying between #1 (Strong Buy) and #5 (Strong Sell), shows Advanced Micro Devices’s current Rank as #4 (Sell).

4. Advanced Micro Devices holds a Forward P/E ratio of 37.3, indicating a premium to its industry’s Forward P/E of 27.8. It also has a PEG ratio of 2.9, comparing favorably with the industry average of 2.88.

5. The Electronics – Semiconductors industry is one of the lowest-ranking industries. According to Zacks Industry Rank, the top 50% rated industries typically outperform the bottom half.

6. Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Hand-picked by Zacks Director of Research, Sheraz Mian, it features 10 top tickers for 2024.

7. The latest recommendations from Zacks Investment Research can be accessed today by downloading 7 Best Stocks for the Next 30 Days. Additionally, Advanced Micro Devices, Inc. (AMD) is available for free stock analysis.

8. The views and opinions expressed are personal and don’t reflect the views of Nasdaq, Inc. For more information, visit Zacks Investment Research.



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