Advanced Micro Devices (AMD) Recently Crashed Out of the $1 Trillion Club. Should You Buy the Dip?

Résumé détaillé

AMD just reported another blockbuster set of quarterly operating results, but they might not be enough to lift its stock in the near term.

The U.S. is currently home to 12 publicly listed companies worth $1 trillion or more. Semiconductor giant Advanced Micro Devices (NASDAQ: AMD) joined that exclusive club in September, but its stock has since declined by 25% from its peak, so the company is now valued at just $797 billion (as of the market close on Nov. 4).

AMD has become one of Nvidia's (NASDAQ: NVDA) top competitors in the market for data center graphics processing units (GPUs), which are the primary chips used in artificial intelligence (AI) workloads. Concerns about the sustainability of the AI infrastructure spending boom sparked the downside in AMD stock, but the company's operating results for the third quarter (ended Sept.

Missed AI's "Act 1"? Act 2 Could Be 16x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005.

Début de l'article, extrait de Yahoo Finance. Pour lire la suite, ouvrez l'article chez le média.