AMD weekly special report based On 1.00 Lot Calculation:
AMD
- Advanced Micro Devices, Inc. (AMD) produces semiconductor products and devices. The Company offers products such as microprocessors, embedded microprocessors, chipsets, graphics, video and multimedia products and supplies it to third-party foundries, as well as provides assembling, testing, and packaging services. AMD serves customers worldwide.
- AMD market capitalization is around 115.43 billion dollars which puts this company as one of the biggest chip producers in the world.
- AMD AND ARTIFICIAL INTELLIGENCE (AI) DEVELOPMENT: According to Fierce Electronics, AMD has semiconductors ready to take on such work, including the MI300 coming later in 2023. AMD is looking to MI300 accelerators for large model AI applications in cloud data centers. AMD will launch MI300 in the second half of 2023.
ANALYSIS AND EVENTS:
- EVENT (TUESDAY, JUNE 13 AT 18:00 GMT+1): ARTIFICIAL INTELLIGENCE (AI) EVENT. AMD announced the “AMD Data Center and AI Technology Premiere,” an in-person and livestreamed event to showcase the company’s growth strategy and expanding product portfolio and capabilities for data center and AI. AMD Chair and CEO Dr. Lisa Su will be joined by other AMD executives and key customers to detail new products, and momentum across data center, AI, adaptive and high-performance computing solutions
- AMD AND MICROSOFT ENTER INTO A COLLABORATION ON ARTIFICIAL INTELLIGENCE (AI) CHIP DEVELOPMENT TO CAPITALIZE ON GROWING AI MARKET: According to reports, Microsoft and AMD are collaborating to develop a special purpose AI chip which Microsoft will use on developing its Artificial Intelligence infrastructure. The development is expected to have industry wide impacts, with AMD aiming to establish itself as a major chip provider.
- AMD CONTINUES TO BEAT EXPECTATIONS AFTER Q1 EARNINGS BEAT: AMD beat expectations across the board, with revenue coming in at $5.35B vs $5.3B expected. Earnings per share printed $0.60 vs $0.56 expected. The company also expects growth in the PC and Server segments throughout 2023, with the company also stressing focus on development on Artificial Intelligence chips.
PRICE ACTION
- THE STOCK HAS TRADED AROUND 30% BELOW ITS ALL- TIME HIGH OF $164.36 (November 28, 2021). AMD was last trading around $117, and if a full recovery follows recent all- time highs, the stock could see an upside of around 40%, however, the price could also decline further.
- ANALYST OPINION: Piper Sandler forecasts $150 a share. Aletheia Capital forecasts $190.
#AMD, June 8, 2023
Current Price: 117
|
AMD |
Weekly |
|
Trend direction |
|
|
164.00 |
|
|
150.00 |
|
|
135.00 |
|
|
100.00 |
|
|
98.00 |
|
|
95.00 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
Pivot Points |
||||||
|
Profit or loss in $ |
47,000 |
33,000 |
18,000 |
-17,000 |
-19,000 |
-22,000 |
|
Profit or loss in €² |
43,884 |
30,812 |
16,807 |
-15,873 |
-17,740 |
-20,542 |
|
Profit or loss in £² |
37,751 |
26,506 |
14,458 |
-13,655 |
-15,261 |
-17,671 |
|
Profit or loss in C$² |
62,702 |
44,025 |
24,014 |
-22,680 |
-25,348 |
-29,350 |
1. 1.00 lot is equivalent of 1000 units
2. Calculations for exchange rate used as of 09:00 (GMT) 08/06/2023
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