Form 8-K ADVANCED MICRO DEVICES For: Jul 27
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- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Nasdaq notches record-high close, AI optimism reignites and Treasury yields retreat
- Oil price dips to $100 on hopes of US-Iran diplomacy, partial recovery in Saudi exports
AMD (AMD) Delivers Another Beat-and-Raise, Analysts Hike Numbers Citing 'Superior Products and Manufacturing Process'
July 28, 2021 7:51 AM EDTShares of Advanced Micro Devices (NASDAQ: AMD) are trading 2.5% higher in early Wednesday trading after the company reported strong Q2 and guided higher for Q3.
The company made a profit of $0.63 per share on revenue of $3.85 billion. This is higher than expectations of $0.54 per share on sales of $3.62 billion. On a year-to-year basis, sales nearly doubled.
"Our business performed exceptionally well in the second quarter as revenue and operating margin doubled and profitability more than tripled year over year," Chief Executive Lisa Su said in a news... More
AMD (AMD) PT Raised to $125 at Northland Capital Markets
July 28, 2021 6:54 AM EDTNorthland Capital Markets analyst Gus Richard raised the price target on AMD (NASDAQ: AMD) to $125.00 (from $116.00) while maintaining an Outperform rating.
The analyst commented, "AMD reported strong Q2 and guided Q3 up and raised revenue growth guidance for CY21 from 50% to 60%.... More
AMD (AMD) PT Raised to $150 at Rosenblatt
July 28, 2021 6:52 AM EDTRosenblatt analyst Hans Mosesmann raised the price target on AMD (NASDAQ: AMD) to $150.00 (from $135.00) while maintaining a Buy rating.
The analyst commented, "Another big beat-and-raise for AMD for 3Q21, but this time even more compelling given industry supply chain shortages and an increasingly... More
