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AMD Stock Down 9.6% as AI Chip Forecast Falls ShortAdvanced Micro Devices Inc. ( NASDAQ:AMD ) is grappling with investor disappointment as its projection for artificial intelligence (AI) chip revenue fails to meet lofty expectations, triggering a notable decline in its stock price. The chipmaker forecasted revenue of about $4 billion for its MI300 lineup, an increase from previous estimates but below analysts' more optimistic projections, which had reached as high as $8 billion. AMD's AI accelerators are designed to compete with offerings from Nvidia Corp., which currently dominates the lucrative AI chip market. Despite being regarded as a leading contender in this space, NASDAQ:AMD is encountering challenges in ramping up production to meet demand, a sentiment echoed by CEO Lisa Su. Supply constraints are inhibiting the company's ability to fully capitalize on the burgeoning AI market. The tepid forecast extended beyond AI chips, with NASDAQ:AMD also providing a subdued revenue outlook for the current quarter. Sales are expected to reach approximately $5.7 billion, falling slightly short of analyst estimates. Weak demand for chips used in video game hardware has contributed to the subdued growth trajectory. The disappointing forecast comes in the wake of a lackluster performance from rival Intel Corp., which anticipates sluggish demand in the first half of the year. Despite projecting modest growth in the current quarter, NASDAQ:AMD faces stiff competition from Nvidia, whose data center business continues to outpace its rivals. While supply constraints are expected to ease later in the year, they are likely to impact AMD's performance in the near term. In the first quarter, the company reported earnings of 62 cents per share, exceeding estimates, and revenue of $5.47 billion. However, revenue from its PC chip division slightly surpassed expectations, while gaming-related revenue fell short. Investors had previously fueled a rally in AMD's stock on bullish expectations for its AI prospects, but recent developments, including the announcement of a next-generation Nvidia chip, have tempered enthusiasm. The company's competitive landscape includes not only Nvidia but also Intel, particularly in the server and PC processor markets. Technical Outlook Advance Micro Devices ( NASDAQ:AMD ) stock is down 9.6% as at the time of writing trading with a weak Relative Strength Index (RSI) of 32.43 putting itself in a position of an oversold region. Traders ought to be careful incase of a trend reversal.
NASDAQ:AMDShort
by DEXWireNews
1
NVDA SHORT TO 620 BECAUSE BEARS PARTY WITH GOOD GPU'SHere's a neat little POTENTIAL setup. I added a projection line. I probably shouldn't have added a projection line. It will probably make me look stupid in a few months to a year. Or maybe even right now. Depends if you like my charts or not. Or have just recently followed. This chart is a little more longer term. Do I think NVDA crashes some 32% to $620 overnight? No. Sorry, but even bears gotta be realistic. There will be stops along the way. There are some levels of support heading down. But ultimately. There are a lot of rejection areas stacked in a small window of time. Weekly RSI is crossed down. Daily RSI still technically bullish. That can change quickly. Monthly RSI still technically bullish. But also, pretty much maxed out. 4 hour is on the chart 55.41 to 55.17, still technically Bullish until crossing. Price targets are marked, which include but are limited to only 4 (I normally include a lot more but I want to keep this chart clean), as the patterns and major trends are well defined. You'll see. RED HORIZONTAL rejection line at 1200. PINK TREND LINES, ALL currently rejection trends, all of which can breakout in future. GREEN TREND LINE, It's a superman strong trendline. IF PRICE CONFIRMS, YOU WANT IN. WHITE GREEN HORIZTONAL, IDEAL bottom from the drop. 617.21?? GREEN HORIZONTAL, potential BOTTOM. (this number projects out some 2 years or so, and I'm not sure we see it until we see upside targets of ridiculous numbers, like 1200 or even 1800 per share. I could then see NVDA taking down the market. Which would bring price to 230. That move is very possible. 620 to 800 buy nets 2 to 3x profit at those 1200 and 1800 price targets. A drop from those price targets to 230 is just around 80%. If you don't think a stock can lose 80% of its value and run to 5000, SEE META. Too lazy to look? Got ya covered. Does it happening to META mean it will happen to NVDA?? NOT ONE BIT. My point with that is that an 80% drop followed by a 600% run isn't totally out of reality. Because it literally happened. Multiple times, but I only used META as the example. This chart covers TECHNICALS only. Mostly Trends, Price targets. But also, put/call. check the ratio's heading into AUG thru NOV. They look a little high to you? Maybe it's just me because it's near 4/20. www.barchart.com Alright, I think that covers everything. I'll add more when I see via updates to this chart. IDK where the entry would be, but somewhere between now and 890. I'm WRONG often, don't take my word for any of this chart. Look everything up, pull from a lot of sources, do YOUR analysis and then make a decision. GOOD LUCK.
NASDAQ:NVDAShort
by nicktussing77
16
AMD - Correction And LongsHello Traders, welcome to today's analysis of AMD. -------- Explanation of my video analysis: After the massive triangle breakout on AMD in 2016, we saw a rally of more than +7.000% towards the upside. After the recent bear market in December of 2021, where AMD perfectly retested previous structure, we saw another rally of +250%. I am now waiting for a retest of the triangle breakout level mentioned in the analysis and then I will look for even more long setups. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:AMD
by basictradingtv
9
AMD - Finally a correction?Hello Traders and Investors, today I will take a look at AMD . -------- Explanation of my video analysis: Back in 2022 AMD perfectly retested the previous all time high which was turned support after AMD stock broke it towards the upside in 2020. Furthermore AMD stock also created a bullish symmetrical triangle formation and already broke out towards the upside. More often than not we will see a retest of the breakout level, potentially bullish confirmation and then the continuation towards the upside. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:AMD
by basictradingtv
1
AMD DON'T MISS OUT ON THE MICROCHIP PARTY Check AMD, I'm not entirely sure yet, but something about this chart is screaming bullish again. Last chart update was pretty much short over 171 and we pretty much stuck to the chart. Now that things are settling, the next move is starting to appear. There is potential we see the move from 169.99 to 207. If we cap out near 207 or 209 and drop to around 192, it can take the price up to the 250 target, but i wouldn't count on that as a for sure bet. I still like the chances of 207 before we see the next major downside. This is pretty much the exact same chart I posted last time but with a few lines removed and we're on a smaller time frame. Those will be linked. Good luck!!
NASDAQ:AMDLong
by nicktussing77
12
AMD Strong buy on the 1day MA100.Advanced Micro Devices / AMD hit the 1day MA100 after more than 5 months and the first long term buy signal is flashing. It has completed a -30.15% decline from the recent High, being a Higher High on a Channel Up of almost 2 years. The last correction from June to October 2023 was exactly -30.15%. Exploit a double entry strategy with the first buy here on the 1day MA100 and the second if it drops more to the 1day MA200. The bottom is confirmed after the 1day RSI forms a Rising Support. Target 260, being the 1.382 Fibonacci extension, which formed the high of June 13th 2023. Previous chart: Follow us, like the idea and leave a comment below!!
NASDAQ:AMDLong
by TheCryptagon
1
AMD: Near the 2 month Support. Strong Buy.AMD is bearish on its 1D technical outlook (RSI = 39.240, MACD = -3.040, ADX = 37.221) as it got heavily rejected on the 1D MA50 last week. Nonetheless, it is close not only to completing the -28.56% decline, which is the maximum fall it has had since the October 13th 2022 bottom, but also near the S1 level (162.00), which is February's low. The chart shows that every time AMD had dropped under the 1D MA50 while on this multi year Channel Up, it was a strong buy opportunity. Only in August it kept falling, but not aggressively until it found support on the 1W MA50. Consequently, we treat this as a effective buy entry, aiming for a +61.60% increase at least (TP = 260.00), like the October - December 2023 rebound. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:AMDLong
by InvestingScope
AMD has been in a downtrend since March 8th, Watch this levelSince March 8th, AMD has been experiencing a consistent downtrend, repeatedly encountering resistance at the descending moving average within this abbreviated timeframe. A pivotal movement above the level indicated by the green arrow could potentially signal a significant upward momentum. It is worth noting that the stock has persistently tested and concluded above the 50-day moving average during the last 4 trading sessions. Should this threshold maintain its support, Should the AMD price efficaciously transcend above the benchmark delineated by the green arrow a successful breach could herald a potentially robust bullish phase.
NASDAQ:AMD
by dt0953
1
Correction Coming for AI? AI technology has been recognized as the new future since the end of 2022. The rapid advancements in AI and its stock prices sparked debates regarding the sustainability of its current valuations. Indeed, AI technology has a long runway ahead, but like all journeys, it will eventually encounter a bend. In today's tutorial, we are going to study its fundamental and technical reasons why we may have to prepare for a windy and bumpy ride ahead. E-mini Nasdaq Futures & Options Ticker: NQ Minimum fluctuation: 0.25 index points = $5.00 Micro E-mini Nasdaq Futures & Options Ticker: MNQ Minimum fluctuation: 0.25 index points = $0.50 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
NASDAQ:AVGOShort
by konhow
AMD technical analysis on 20 Mar 2024Stock : AMD Date : 20 Mar 2024 Main Trend : Up ( but the trend could change to downtrend after breaking the daily upward trend line ) preferred Transaction : Sell ( 181.42 $ ) Reasons : The AMD stock breaks a previous support level on the daily chart at $183.60 and retests it, reversing to the downside again. The most likely scenario is further descent and breaking the upward trendline drawn on the chart. Technical Analysis success at level : 165 $ Technical Analysis fail at level : 187 $
NASDAQ:AMD
by Algo0UAE
AMD and Sony Semiconductor Revolutionize Autonomous DrivingIn a groundbreaking collaboration, Advanced Micro Devices ( NASDAQ:AMD ) and Sony Semiconductor Solutions ( SGX:SSS ) have joined forces to pioneer the next generation of LiDAR technology, a crucial component in autonomous driving systems. Leveraging AMD's cutting-edge adaptive computing technology, the newly unveiled LiDAR automotive reference design promises unparalleled accuracy, reliability, and efficiency, setting a new standard for automotive safety and innovation. Empowering Autonomous Vehicles with Precision and Reliability: LiDAR (Light Detection and Ranging) technology is instrumental in providing depth perception and environmental mapping for autonomous vehicles. By harnessing the power of AMD's adaptive computing technology, the SSS LiDAR reference design offers exceptional object detection and real-time analysis capabilities, essential for navigating diverse driving scenarios with precision and reliability. This collaboration marks a significant leap forward in the quest to enhance the safety and efficiency of autonomous driving systems. Pushing the Boundaries of Technology: Yousef Khalilollahi, Corporate Vice President & General Manager of AMD Adaptive Computing Group, highlights the transformative impact of adaptive computing technology on LiDAR advancements. By integrating AMD's innovative solutions into the LiDAR reference design, the collaboration exemplifies a shared commitment to pushing the boundaries of technology and driving innovation in critical industries. Setting New Standards in Performance and Adaptability: Takayoshi Ozone, General Manager of the Automotive Development Department at Sony Semiconductor Solutions Corporation, emphasizes the significance of incorporating AMD adaptive computing technology into the LiDAR reference design. This strategic collaboration enables Sony Semiconductor Solutions to deliver cutting-edge solutions that set new standards in performance, reliability, and adaptability, addressing the evolving demands of the automotive industry. Unlocking New Possibilities for Autonomous Systems: The SSS LiDAR reference design, powered by AMD Zynq™ UltraScale+™ MPSoC adaptive SoCs and Artix™-7 FPGAs, empowers automakers and automotive equipment suppliers with a comprehensive perception platform. This platform enables autonomous vehicles to navigate complex driving scenarios with exceptional precision and identify potential hazards in real-time. The combined efforts of SSS and AMD are poised to accelerate the adoption of LiDAR technology across various industries, unlocking new possibilities for autonomous systems worldwide. Driving the Future of Autonomous Driving: As autonomous driving technology continues to evolve, collaborations between industry leaders like AMD and Sony Semiconductor Solutions play a pivotal role in driving innovation and shaping the future of transportation. By harnessing the power of advanced computing solutions, LiDAR technology is poised to revolutionize the automotive industry, ushering in a new era of safer, more efficient, and more reliable autonomous vehicles. In conclusion, the partnership between NASDAQ:AMD and Sony Semiconductor Solutions represents a significant milestone in the advancement of LiDAR technology and autonomous driving systems. With their combined expertise and commitment to innovation, these industry leaders are driving the future of transportation and paving the way for a safer and more connected world.
NASDAQ:AMD
by DEXWireNews