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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Advanced Micro Devices ( #AMD )

Special Reports - 07/02/2024

07 February, 2024

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

Advanced Micro Devices ( #AMD ) Weekly Special Report based On 1 Lot Calculation:

GLOBAL SEMICONDUCTOR INDUSTRY:

  • THE SEMICONDUCTOR INDUSTRY IS CURRENTLY WORTH ~$591B. The global semiconductor market size was valued at USD 591.8 billion in 2022 and is expected to reach around USD 1,883.7 billion by 2032. The Asia Pacific semiconductor market size was valued at USD 241.7 billion in 2022. Semiconductors are critical components in the move to the digitization of society and are used in artificial intelligence, automotive and telecommunications amongst other things.
  • MARKET POTENTIAL: THE SEMICONDUCTOR INDUSTRY IS EXPECTED TO BECOME A $1.9T MARKET BY 2032: Analysts are forecasting, that at the current rate of growth, the semiconductor industry is expected to reach $1.9 trillion in value that represents an industry annual growth of 12.28% during the forecast period 2023 to 2032.

AMD

  • THE COMPANY: Advanced Micro Devices, Inc. (AMD) is a prominent American semiconductor company that specializes in the design and manufacturing of microprocessors, graphics processing units (GPUs), and other semiconductor products. In addition to consumer-oriented products, AMD also provides processors for data centers and enterprise computing, making it a significant player in the server and cloud computing markets.
  • FINANCIAL PROSPECTS: Analyst consensus sees earnings growing by more than 50% over the next two years. Analysts are expecting a 14% year-over-year increase in the company's revenue to $6.4 billion, while adjusted earnings could increase 27%. This could be fueled by something other than just AI.

NEWS AND EVENTS:

  • EVENT: CISCO LIVE (FEBRUARY 5TH, 2024 - FEBRUARY 9TH, 2024) - Cisco Live is a very popular event in the tech industry where different tech companies gather to engage in discussions on the future of the tech industry. It is attended by tens of thousands of visitors and closely watched by investors. At the conference, AMD will be making an appearance where they will reveal their AMD EPYC processors designed to merge server performance and data centre efficiency.
  • EVENT: WORLD ARTIFICIAL INTELLIGENCE CANNES FESTIVAL (FEBRUARY 8TH, 2024 - FEBRUARY 10TH, 2024) - The World Artificial Intelligence Cannes Festival (WAICF) is an annual event that showcases the latest advancements and innovations in artificial intelligence (AI) technologies. It serves as a platform for experts, researchers, and industry leaders to exchange ideas, present cutting-edge AI projects, and discuss the future implications of AI across various fields. AMD could make announcements related to new products and may issue forward guidance regarding their industry and operations.
  • EVENT: MOBILE WORLD CONFERENCE BARCELONA (FEBRUARY 26TH, 2024 - FEBRUARY 29TH, 2024) - The Mobile World Congress will be hosted in Barcelona, and will see CEOs of global telecom and technology companies discuss new innovation. AMD is expected to showcase their advancement in Telco, Networking, Wireless, and 6G technology

PRICE ACTION:

  • ANALYST FORECASTS: KeyBanc Capital: $270, Jeffries: $200, Morgan Stanley: $193. Citi: $192
  • STOCK PRICE ACTION: AMD stock has risen around 73% over the past 3 months and if the KeyBanc forecast is realized, that could provide an upside of around 60%. However, the price could decline.

AMD (#AMD), February 7, 2024
Current Price:168.00

AMD

Weekly

Trend direction

UP

Resistance 3

270.00

Resistance 2

210.00

Resistance 1

193.00

Support 1

150.00

Support 2

145.00

Support 3

140.00

Example of calculation based on weekly trend direction for 1 Lot1

AMD

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

102,000.00

42,000.00

25,000.00

-18,000.00

-23,000.00

-28,000.00

Profit or loss in €²

94,745.79

39,012.97

23,222.01

-16,719.85

-21,364.25

-26,008.65

Profit or loss in £²

80,771.61

33,258.90

19,796.96

-14,253.81

-18,213.21

-22,172.60

Profit or loss in C$²

137,526.60

56,628.60

33,707.50

-24,269.40

-31,010.90

-37,752.40

  1. 1.00 lot is equivalent of 1000 units
  2. Calculations for exchange rate used as of 11:00 (GMT) 07/02/2024
    Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account ManagerClient Manager regarding their use.
  • You may wish to consider closing your position in profit, even if it is lower than suggested one
  • Trailing stop technique can protect the profit – Ask your Senior Account ManagerClient Manager for more detail

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