Advanced Micro Devices Inc. ($AMD) Stock Forecast: Down 5.7% Today

What is Advanced Micro Devices Inc.?

Advanced Micro Devices (AMD) is a leading semiconductor company known for its innovative products in the technology industry. Today, the stock experienced a significant bearish movement amidst recent market developments.

Why is Advanced Micro Devices Inc. going down?

AMD stock is down 5.7% on Jan 8, 2025 17:43

• The bearish movement in AMD's stock might be due to profit-taking by investors following a period of strong growth.
• The partnership between Absci and AMD to boost AI drug discovery capabilities could have shifted focus from AMD's core business, resulting in a temporary decline in the stock price.
• The collaboration between Nvidia and MediaTek aiming to challenge Intel and AMD in the desktop CPU market might have raised concerns among investors about heightened competition in the semiconductor industry.
• Despite the recent dip, AMD's expanding AI, gaming, and commercial portfolios are anticipated to fuel future growth and potentially reverse the current downward trend in the stock price.

AMD Price Chart

AMD Technical Analysis

AMD News

Absci Stock Jumps As AMD Invests $20M To Boost AI Drug Discovery - Advanced Micro Devices ( NASDAQ:AMD ) , Absci ( NASDAQ:ABSI )

AI drug creation company Absci Corporation ABSI shares are trading higher in premarket on Wednesday after the company entered into a strategic collaboration with Advanced Micro Devices Inc AMD to enhance its AI drug discovery capabilities.

https://www.benzinga.com/25/01/42874399/amd-invests-20m-in-absci-to-boost-ai-drug-discovery

Nvidia Teams Up With MediaTek to Challenge Intel and AMD in Desktop CPU Market - NVIDIA ( NASDAQ:NVDA )

On Tuesday, Nvidia Corp NVDA chief Jensen Huang said Taiwanese fabless semiconductor company MediaTek could sell the desktop central processor chip the two companies revealed this week.

https://www.benzinga.com/media/25/01/42874155/nvidia-teams-up-with-mediatek-to-challenge-intel-and-amd-in-desktop-cpu-market

Why Advanced Micro Devices ( AMD ) Dipped More Than Broader Market Today

The latest trading day saw Advanced Micro Devices (AMD) settling at $127.33, representing a -1.71% change from its previous close.

https://www.zacks.com/stock/news/2393287/why-advanced-micro-devices-amd-dipped-more-than-broader-market-today

Can AMD's Expanding AI PC & Gaming Portfolio Aid the Stock in 2025?

Advanced Micro Devices is expanding its AI, gaming and commercial portfolios, which is expected to boost prospects.

https://www.zacks.com/stock/news/2393048/can-amds-expanding-ai-pc-gaming-portfolio-aid-the-stock-in-2025

Are These Beaten-Down Stocks Worth A Look? AMD, NKE

Though the market has enjoyed a great stretch over the last year or so, not all have joined the party, including popular names such as Advanced Micro Devices and Nike. Is it time for a turnaround?

https://www.zacks.com/commentary/2392551/are-these-beaten-down-stocks-worth-a-look-amd-nke

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Advanced Micro Devices Inc. Price History

29.10.2024 - AMD Stock was up 3.6%

• Speculation that AMD could surpass its competitor in the AI chip market may have given investors more confidence in the company's future growth prospects, fueling the positive momentum.
• The decision of a prominent investor to purchase AMD shares possibly contributed to the optimistic market sentiment as her investment choices are closely monitored by many.
• The increase in production of advanced 2nm chips by a major chipmaker, with AMD among the initial clients, reflects a strong demand for cutting-edge technology that could benefit AMD in the market.
• While recent financial results indicated a decrease, the overall positive market outlook driven by key investments and industry developments appeared to overshadow any short-term challenges, resulting in the rise of AMD's stock.

30.09.2024 - AMD Stock was down 10.4%

• AMD's Q3 earnings surpassed expectations, but a weak Q4 outlook caused a sell-off.
• Despite advancements in AI and positive feedback from Jim Cramer, chip stocks, including AMD, faced a negative market sentiment.
• The post-earnings decline in AMD was viewed as a buying opportunity, reflecting short-term selling and faith in the company's long-term growth.
• Today's bearish movement in AMD was driven by profit-taking, performance concerns, and broader market impacts on chip stocks.

30.09.2024 - AMD Stock was down 10.4%

• Despite strong advancements in AI and surpassing Q3 earnings expectations, AMD's dim Q4 forecast raised concerns among investors, leading to a downtrend in its stock value.
• Negative attitudes towards chip stocks, including AMD, attributed to market sympathy and weak segments, played a role in the declining trend.
• The drop in AMD's stock price following earnings, viewed as a buying opportunity by some, reflects a turbulent period for the company as investors weigh mixed reactions to its performance and future prospects.

30.09.2024 - AMD Stock was down 8.0%

• AMD shares declined today, possibly influenced by a broader drop in chip stocks such as Nvidia and Broadcom, which were trading lower in line with AMD.
• Despite reporting strong Q3 earnings, with revenue surpassing estimates and the anticipation of significant growth opportunities, the stock slid as the forecast did not meet investor expectations, particularly when compared to competitors like Nvidia and Broadcom.
• Analysts on Wall Street see AMD's post-earnings decline as a chance to purchase shares, suggesting a potential rebound in the stock price in the future.
• The overall sentiment surrounding AMD is positive, with a significant 122% increase in data center revenue and promising growth prospects driven by the rising demand for its products.

30.09.2024 - AMD Stock was down 6.2%

• Despite AMD's recent drop in stock value following its financial report, this downturn is being viewed by some as an opportunity for investment, suggesting that the market may perceive the decrease as temporary and potentially undervalued.
• Despite witnessing robust growth in the AI sector, AMD's future outlook failed to excite investors, causing a decrease in stock value in comparison to competitors such as Nvidia and Broadcom, who have exhibited more significant gains in the year 2024.
• While AMD's Q3 financial results exceeded expectations, it appears that the market had anticipated even more robust performance, contributing to the bearish trend witnessed in trading.
• Speculation regarding Intel's projected sharp decline in quarterly revenue may have also influenced AMD's stock negatively, as challenges within the semiconductor industry have the potential to create a domino effect across competing companies.

10.09.2024 - AMD Stock was down 3.2%

• An influential investment firm purchasing AMD shares initially bolstered investor confidence, yet the anticipation surrounding Nvidia's upcoming next-gen GPUs unveiling at CES 2025 may have diverted attention from AMD's market position.
• Despite favorable industry sales trends and strategic acquisitions, the competitive rivalry with Nvidia and overall industry dynamics likely sparked investor apprehension, leading to the bearish movement in AMD's stock.
• The fiercely competitive landscape of the semiconductor sector, combined with the imminent advancements by Nvidia, potentially exerted downward pressure on AMD's stock price today.

08.00.2025 - AMD Stock was down 7.0%

• The drop in AMD's stock price may be linked to investors taking profits following a recent upward trend.
• AMD's AI, gaming, and commercial portfolios' growth could be a potential long-term stock booster.
• Unusual options activity indicates conflicting investor sentiments, potentially leading to increased stock volatility.
• The introduction of AMD Ryzen AI PRO processors in new Dell commercial PCs underscores the company's commitment to innovation and market expansion, which could positively influence its stock performance in the future.

08.00.2025 - AMD Stock was down 5.7%

• The bearish movement in AMD's stock might be due to profit-taking by investors following a period of strong growth.
• The partnership between Absci and AMD to boost AI drug discovery capabilities could have shifted focus from AMD's core business, resulting in a temporary decline in the stock price.
• The collaboration between Nvidia and MediaTek aiming to challenge Intel and AMD in the desktop CPU market might have raised concerns among investors about heightened competition in the semiconductor industry.
• Despite the recent dip, AMD's expanding AI, gaming, and commercial portfolios are anticipated to fuel future growth and potentially reverse the current downward trend in the stock price.

15.09.2024 - AMD Stock was down 6.1%

• AMD experienced a bearish movement today due to various factors, including:
• Concerns from analysts regarding AMD's growth potential in the face of competition from Nvidia and Intel in the PC market.
• An unexpected early earnings release from ASML, causing a ripple effect in the chip sector and affecting AMD's stock performance.
• General market weakness in chipmakers like Nvidia and AMD, potentially heightened by concerns over chip export restrictions under the Biden administration.
• Despite the overall market gains, AMD's stock price declined, reflecting the broader challenges encountered by the company amidst industry challenges and geopolitical uncertainties.

15.09.2024 - AMD Stock was down 5.4%

• AMD experienced a strong bearish movement, closing down 1.56% for the day.
• The news of potential export restrictions on advanced AI chips from AMD and Nvidia to specific countries likely contributed to the negative market sentiment.
• The bearish options activity on AMD, with 46% of traders showing bearish tendencies, also indicates a lack of confidence in the stock's short-term performance.
• The broader weakness in the chip sector, driven by concerns over the U.S.-China standoff and export curbs, further weighed down on AMD's stock price today.

31.09.2024 - AMD Stock was down 5.2%

• The launch of the new AMD Ryzen 7 9800X3D processor intended for gamers potentially created elevated expectations. However, market response may have been affected by uncertainties surrounding the product's actual performance and reception.
• While CEO Lisa Su conveyed an optimistic viewpoint on AMD's standing in the AI market, investors could have been underwhelmed by the company's Q4 projections, prompting a sell-off of shares.
• The increased investment from Cathie Wood in AMD initially drove the stock up. Yet, the subsequent decline might signify profit-taking or a change in market sentiment.
• Analysts pointing out the substantial long-term AI growth prospects for AMD may have been overshadowed by worries about competition from NVIDIA, leading to a negative impact on the stock's performance.

19.11.2024 - AMD Stock was down 5.8%

• AMD closed at $125.02, reflecting a -1.32% change from the previous day, indicating a more significant decline compared to the wider market.
• The bearish momentum observed from investors with significant capital, evident from publicly available options history, likely influenced the downward pressure on AMD's stock.
• Market sentiment, encompassing concerns about global geopolitical tensions such as "Cold War 2.0" and its potential repercussions on the technology sector, may have also impacted AMD's stock performance negatively.
• It is prudent for investors to track both company-specific advancements and broader market trends to make well-informed decisions regarding their positions in AMD amid the existing market conditions.