From Nasdaq:

Today’s Zacks Research Daily features new reports on 16 major stocks, including Advanced Micro Devices, Inc. (AMD), Abbott Laboratories (ABT), and QUALCOMM Incorporated (QCOM). AMD is benefiting from strong EPYC processor demand, while Abbott is scaling up production of Libre and gaining market share in Core Diagnostics. QUALCOMM remains poised to benefit from 5G traction with a strong IoT momentum. Other noteworthy reports today include Morgan Stanley (MS), United Parcel Service, Inc. (UPS), and Intuitive Surgical, Inc. (ISRG).

Shares of AMD have outperformed the Zacks Electronics – Semiconductors industry over the past year. The company is seeing strong demand for its EPYC processors and is benefitting from portfolio strength and an expanding partner base. The launch of the Ryzen 8040 series processor with Ryzen AI and Instinct MI300 Series data center AI accelerators bodes well for top-line growth. AMD also expects to witness year-over-year growth in the Data Center and Client segments by double-digit percentage. However, weakness in the Gaming and Embedded segment revenues are expected to hurt top-line growth.

Abbott Laboratories shares have outperformed the Zacks Medical – Products industry over the past six months. The company is expanding globally to address unmet demand for advanced medical technologies. Abbott is gaining market share and scaling up production of Libre within Diabetes Care. However, it faced a steep year-over-year decline in COVID testing-related sales and the decision to exit the pediatric nutrition business in China continues to impede overall growth in Nutrition.

QUALCOMM shares have outperformed the Zacks Wireless Equipment industry over the past year. The company is focusing on a seamless transition to a connected processor firm for the intelligent edge and is witnessing solid momentum in IoT. However, inflationary pressures and a soft recovery in China have led to lower-than-expected demand and elevated inventory levels. Weakness in the smartphone industry, cautious client approach, and rising geopolitical conflicts are also weighing on margins.

Other noteworthy reports we are featuring today include Morgan Stanley (MS), United Parcel Service, Inc. (UPS), and Intuitive Surgical, Inc. (ISRG). Director of Research Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. If you want an email notification each time Sheraz publishes a new article, please click here. Today’s Must Read are details on AMD, Abbott, and Qualcomm. Other featured reports include Morgan Stanley (MS), United Parcel Service, Inc. (UPS), and Intuitive Surgical, Inc. (ISRG).



Read more: Top Analyst Reports for AMD, Abbott Laboratories & QUALCOMM