AMD (AMD) Stock Price

Financial Performance

AMD's financial performance has been strong with a reported revenue of $7.7B, which is up by 12.3% from the previous quarter and up by 39.9% YoY. The gross profit was $3.9B, marking an increase of 13.5% QoQ and 39.1% YoY. The operating income profit showed a significant rise at $871M, up by 20.3% QoQ and a massive jump of 2319.4% YoY indicating very high operational efficiency and profitability.

Stock Price & Technical Indicators

The stock is currently trading at $164.67, showing an upward trend in the last month with a rise of 2.2%. However, it shows a slight decrease when compared to the previous year (-3.6%). The RSI value stands at 66.32 suggesting that the stock is nearing overbought territory while its PE ratio stands high at 99 indicating that investors are expecting high earnings growth in the future from AMD.

Alternative Data Signals

The company's web traffic has increased by approximately 7%, reaching around ~13 million visitors per month which indicates growing interest in AMD products or services among internet users.The number of job openings remains stable suggesting steady growth for the company while employee business outlook remains positive though slightly decreased YoY.On social media platforms like Twitter, Instagram,TikTok,and Facebook there has been considerable growth in followership demonstrating increasing brand recognition and popularity among consumers.

Conclusion

In conclusion, AMD's strong financial performance combined with positive alternative data signals suggests a bullish outlook for AMD's stock.However,the high PE ratio might be a concern for some investors.

Note: This AI Stock Analysis is based on data as of October 04. Our members can refresh and get access to an up-to-date AI stock analysis.

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Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of AMD (AMD), currently trading at $211, will... Sign up to access price prediction.