Recent discussions on X highlight AMD’s decision to resume exports of MI308 AI chips to China, sparking optimism among users. The company’s stock surge, strong revenue growth, and earnings are seen as signs of recovery. However, concerns about export policies and market pricing sustainability also persist, creating a dynamic conversation.
Congressional trading data reveals members have traded $AMD stock 13 times in the past 6 months, with 9 purchases and 4 sales. Notable trades include Representative Robert Bresnahan, Representative Marjorie Taylor Greene, Representative Jefferson Shreve, and Senator Markwayne Mullin. Detailed breakdown available on Quiver Quantitative’s congressional trading dashboard.
Insider trading activity shows AMD insiders have traded the stock 11 times in the past 6 months, with 2 purchases and 9 sales. Key transactions include Chief Technology Officer & EVP Mark D Papermaster’s 9 sales and EVP & Chief Commercial Officer Philip Guido’s 2 purchases. Track insider transactions on Quiver Quantitative’s insider trading dashboard.
Hedge fund activity around AMD saw 1,175 institutional investors adding shares and 1,192 decreasing positions in the recent quarter. Notable moves include Fisher Asset Management, LLC removing 22,735,111 shares, while Jennison Associates LLC removed 9,096,394 shares. For more insights, check out Quiver Quantitative’s institutional holdings dashboard.
Wall Street analysts have issued buy ratings for AMD, with 21 firms giving positive outlooks. Recent ratings from Wells Fargo, Mizuho, Melius Research, Piper Sandler, Stifel, Roth Capital, and Evercore ISI Group reflect bullish sentiments. Stay updated on analyst ratings and price targets on Quiver Quantitative’s $AMD forecast page.
Multiple analysts have set price targets for AMD, with 32 analysts offering a median target of $140. Notable recent targets include Wells Fargo’s Aaron Rakers at $185, Mizuho’s Vijay Rakesh at $175, and HSBC’s Frank Lee at $200. For more price targets and analysis, visit Quiver Quantitative’s platform.
Read more at Nasdaq: Advanced Micro Devices (AMD) Opinions on China Export Resumption