Analysis on AMD (AMD) from Sep-Nov 2024
Overview and History
Advanced Micro Devices (more commonly known as AMD) is a semiconductor company that makes computer processors (CPUs), graphics processing units (GPUs) and other computing parts. They are competitors to technology giants Intel and NVIDIA.
Current Performance
On September 3, 2024, AMD closed at $146.41. On November 1, 2024, AMD closed at $141.86. The overall return was -3.11%.
News and Current Events
AMD has been quite a volatile company over the recent years. Recently, AMD has “benefited from a couple of factors, including the Fed’s recent interest rate cut as well as recent customer wins for its GPU business” (Trefis, 2024). However, many investors are worried about the future of AMD, especially compared to the tech giant, and competitor, NVIDIA.
Outlook, Prediction and My Recommendations
AMD is the main competitor for Intel and NVIDIA, respectively. However, over recent years, AMD has struggled to keep up with the growth of NVIDIA. It has been able to keep its value with Intel. There is a lot of uncertainty with the future of AMD, with fears of a decline in value over the next few years. It is recommended to not invest in AMD in the future.
Sources
Financial data is from Yahoo! Finance
Trefis. (2024a, October 2). What’s happening with AMD stock? Nasdaq. https://www.nasdaq.com/articles/whats-happening-amd-stock
Wikimedia Foundation. (2024d, November 14). AMD. Wikipedia. https://en.wikipedia.org/wiki/AMD
Featured Image is AI generated.
