Advanced Micro Devices, Inc. stock price

Advanced Micro Devices, Inc. latest news:


  • 11/07/2017 13:01:14

    Nvidia stock options traders brace for some post-earnings volatility

    Traders of Nvidia Corp.'s stock options are anticipating a little more than average volatility in the stock after the graphics chip maker reports fiscal third-quarter results Thursday, after the closing bell. An options strategy known as a "straddle," which involves the simultaneous buying of bullish call and bearish put options at the same price, is pricing in a one-day post-earnings move of 7.5% in either direction on Friday. That compares with an average move of 7.3% over the past eight years. Over the past 32 quarters, the stock rose the day after earnings 20 times and fell 12 times. The average move for the stock on an up day was 8.8% while the average decline has been 4.8%, according to an analysis of FactSet data and SEC filings. The day after rival Advanced Micro Devices Inc. reported third-quarter results, after the Oct. 24 close, its stock had tumbled 13.5%. On Tuesday, Nvidia's stock was up 1.1% in afternoon trade. It has run up 23% over the past three months, while the PHLX Semiconductor Index has climbed 20% and the S&P 500 has gained 4.3%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/25/2017 14:06:27

    U.S. stocks end lower after disappointing earnings

    U.S. stock-market indexes closed lower on Wednesday following a string of disappointing earnings results. The S&P 500 closed 11.98 points, or 0.5%, lower to 2,557.15, with losses across all 11 main sectors. The Dow Jones Industrial Average tumbled 112.30 points, or 0.5%, to 23,329.46. The tech-heavy Nasdaq Composite index declined 34.54 points, or 0.5%, to 6,563.89. Among the worst performers, Chipotle Mexican Grill, Inc plunged 14%, while Advanced Micro Devices and Alaska Air Group, Inc lost about 13% each. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/25/2017 06:24:10

    AMD's stock tumbles after 'meh' gross margin outlook offsets 'solid' earnings beat

    Shares of Advanced Micro Devices Inc. tumbled 9.8% in very active premarket trade, as the chip maker's better-than-expected results and outlook weren't quite good enough to support recent sharp gains. Volume bulged to over over 3.9 million shares a little over an hour before the open, making the stock the most actively traded in the premarket. Stifel Nicolaus analyst Kevin Cassidy said the third-quarter beat was "solid," but gross margin expansion was just "meh." He reiterated his hold rating, saying the lack of sequential gross margin expansion "has us questioning" how customers are valuing AMD's new products, or whether market acceptance is slower than anticipated. Susquehanna's Christopher Rolland kept his rating at neutral, saying he was also disappointed in the gross margin outlook. He said that although the overall fourth-quarter outlook beat expectations, he was disappointed that it indicated AMD's core business was decelerating, and suggested a "marked slowdown" in cryptocurrency-related sales. The stock has run up 26% year to date through Tuesday, while the tech-heavy Nasdaq 100 has rallied 25% and the S&P 500 has gained 15%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/24/2017 14:40:39

    AMD shares decline even after earnings beat

    Advanced Micro Devices Inc. shares declined in the extended session Thursday even after the chipmaker topped Wall Street estimates for the quarter. AMD shares, which are usually volatile after earnings, fell 6.5% to $13.33 after hours. The company reported third-quarter net income of $71 million, or 7 cents a share, compared with a loss of $406 million, or 50 cents a share, in the year-ago period. Adjusted earnings were 10 cents a share. Revenue rose to $1.64 billion from $1.31 billion in the year-ago period. Analysts surveyed by FactSet had estimated 8 cents a share on revenue of $1.51 billion. For the fourth quarter, AMD estimates revenue to decline 12% to 18% sequentially, which works out to $1.34 billion to $1.44 billion. Analysts, on average, expect revenue of $1.34 billion.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/24/2017 14:30:10

    Chipmaker AMD reports 25.7 pct rise in quarterly revenue

    Oct 24 (Reuters) - Advanced Micro Devices Inc reported a 25.7 percent rise in quarterly revenue on Tuesday, its sixth straight quarter rise, aided by a slew of launches such as the Epyc processors for servers and a new range of Ryzen desktop processors.

  • 09/25/2017 09:26:32

    Tech stocks on pace for worst daily decline in 5 weeks as Apple shares stumble

    A popular way to bet on the fortunes of the technology sector on Monday was on track for its steepest one-day drop since mid-August. The Technology Select Sector SPDR ETF was 1.2% lower in late-morning trade, underlined by sharp drops in shares of chip manufacturers Advanced Micro Devices Inc. , Micron Technology , and Nvidia Corp. shares . The tech ETF was on pace for its worst daily drop since Aug. 17, when it tumbled nearly 2%, according to FactSet data. A separate fund representing the semiconductor sector, including Nvidia and AMD, was also down sharply and looking at its worst session drop since mid August. The iShares PHLX Semiconductor ETF was down 1.7% on Monday, most recently. The broader market was also under pressure led by the slide in the tech sector. The S&P 500 index was down 0.4% at 2,492, while the Dow Jones Industrial Average was off 0.4%, pressured by a decline in Apple Inc.'s stock . Apple's shares also weighed on the tech-heavy Nasdaq Composite Index , which was trading 1% lower at 6,362. Apple is the largest component in the tech ETF. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/21/2017 06:14:55

    AMD's stock surges on heavy volume after report Tesla was working with the chipmaker

    Shares of Advanced Micro Devices Inc. surged 1.3% on heavy volume in premarket trade Thursday, after a report that Tesla Inc. was working with the chipmaker on Tesla's Autopilot driver-assistance system, in an effort to reduce the reliance on Nvidia Corp. . Trading volume topped 6.4 million shares in recent trade, enough to make the stock the most actively. The stock was on track to open at the highest level seen during regular session hours since Aug. 2. Nvidia's stock slumped 1.8% ahead of the open. CNBC reported late Wednesday, citing a source familiar with the matter, that more than 50 people are working under Jim Keller, the head of Autopilot, and Tesla has brought on several former AMD employees to work on the project. AMD's stock has lost 1.7% over the past three months through Wednesday, while Nvidia shares have soared 16.5%, the PHLX Semiconductor Index has climbed 5.6% and the S&P 500 has gained 3.0%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/15/2017 16:27:57

    U.S. stocks end higher, close out strong week of gains

    U.S. stocks closed higher on Friday, with technology, financials, and telecommunication shares leading the way higher. The Dow Jones Industrial Average rose 64.86 points, or 0.3%, to 22,268.34. The S&P 500 index gained 4.61 points to 2,500.23, up 0.2%. The Nasdaq Composite Index rose 19.38 points, or 0.3%, to 6,448.47. The S&P 500 and the Dow finished at records, while the Nasdaq Composite missed its all-time high, last achieved Sept. 13, by about 12 points. For the week, the Dow rose 2.2%, the S&P advanced 1.6%, and the Nasdaq climbed 1.4%. Semiconductors were among the strongest of the day, with the sector up 1.8%. Among the notable movers, Nvidia Corp. rose 6.3% while Advanced Micro Devices was up 2.1%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/15/2017 14:01:13

    U.S. stocks end at records, close out strong week of gains

    U.S. stocks ended higher on Friday, with major indexes all ending at records as technology shares led the way higher. The Dow Jones Industrial Average rose 64 points, or 0.3%, to 22,267. The S&P 500 gained 4 points to 2,500, up 0.2%. The Nasdaq Composite Index rose 19 points, or 0.3%, to 6,448. All three hit intraday records and closed at all-time highs. For the week, the Dow rose 2.2%, the S&P rose 1.6%, and the Nasdaq rose 1.4%. Semiconductors were among the strongest of the day, with the sector up 1.8%. Among the notable movers, Nvidia Corp. rose 6.3% while Advanced Micro Devices was up 2.1%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/15/2017 09:01:26

    Semiconductor stocks rise, on track for best week since July

    Semiconductor stocks rallied on Friday, with the sector climbing in its fifth straight daily advance and on track for its best week since July. The iShares PHLX Semiconductor ETF added 1.7% to $155.50, putting it on track for a record close and within points of an intraday record hit in June. Thus far this year, the fund is up nearly 27%, with 4.6% of that coming this week. Among the fund's components, all but one were in positive territory on Friday, with Nvidia Corp. the biggest percentage gainer, up 5.2% after Evercore ISI raised its price target on the company to $250 from $180. Among others, ON Semiconductor Corp rose 3.1% while Advanced Micro Devices was up 2.9%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/05/2017 11:06:13

    Chip maker stocks drop sharply, drag on broader tech sector

    Semiconductor makers weighed heavily on the tech sector Monday, which in turn helped drag down the broader stock market, with those losses accelerating around mid-session. The PHLX Semiconductor Index fell 2.1% to 1,096, as shares of Qualcomm Inc. fell 3.9% and shares of Nvidia Corp. dropped 3.5%. Advanced Micro Devices Inc. shares declined 3.6%, Micron Technology Inc. shares shed 2.7%, Applied Materials Inc. fell 2.5%, Analog Devices Inc. shares fell 2.7%, Xilinx Inc. shares declined 2.6%, Broadcom Ltd. shares slid 2.1%, and Texas Instruments Inc. shares fell 1.5%. Shares of Intel Corp. , however, were only down 0.4%. As the S&P 500 index fell 1.2%, tech was the index's second worst performing sector, down 1.6%. The tech-heavy Nasdaq Composite Index fell 1.5%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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