The price of Advanced Micro Devices Inc. (NASDAQ:AMD) shares last traded on Wall Street fell -7.82% to $136.94.
AMD stock price is now -10.64% away from the 50-day moving average and -13.47% away from the 200-day moving average. The market capitalization of the company currently stands at $221.63B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On August 19, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock and kept its target price maintained at $210, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Su Lisa T, Chair, President & CEO sold 80,000 shares of the company’s stock on Aug 20 ’24. The stock was sold for $12,595,575 at an average price of $157.44. Upon completion of the transaction, the Chair, President & CEO now directly owns 3,566,762 shares in the company, valued at $488.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 20 ’24, Director LISA SU bought 80,000 shares of the business’s stock. A total of $12,422,400 was incurred on buying the stock at an average price of $155.28. A total of 0.59% of the company’s stock is owned by insiders.
During the past 12 months, Advanced Micro Devices Inc. has had a low of $93.11 and a high of $227.30. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 2.82, and a quick ratio of 2.01. According to the stock market information, the enterprise value for the company is $218539900928, which is based on a 165.01 price-to-earnings ratio, a 5.02 price-to-earnings-growth ratio, and a beta of 1.69. The fifty day moving average price for AMD is $152.7668 and a two-hundred day moving average price translates $158.3515 for the stock.
The latest earnings results from Advanced Micro Devices Inc. (NASDAQ: AMD) was released for 2024-06-29. The net profit margin was 5.82% and return on equity was 2.42% for AMD. The company reported revenue of $5.83 billion for the quarter, compared to $5.36 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.88 percent.
