Advanced Micro Devices (AMD) Stock Jumps 18%: Should We Expect Continued Growth?

From July 27 to July 4, the stock price grew by $ 18. On July 27, the price was $ 90.5. Since that day, the cost has increased every day. On August 4, the stock cost $ 120.4. The next day, the price dropped to $ 112.3. On August 6, it jumped to $ 115.6. In the second half of the month, the worth fluctuated between $ 103.3 and $ 108.8. Except for the increase in price on August 13 to $ 111. The Current price is $ 108.4.
Advanced Micro (AMD) increased by 10.6% since the last report on profits and losses. AMD expects revenue in the third quarter of 2021 to amount to $ 4.1 billion, an increase of 46% compared to the same period last year, an improvement over the previous quarter by 6%. It is expected that the gross margin non-GAAP will be 48%. In 2021 AMD expects revenue to grow by 60% year over year, compared to the previously projected growth of 50%. According to The Zacks Consensus Estimate, revenues in 2021 will amount to $14.71 billion, which implies an increase of 50.7% year on year. Estimates of stock tend to rise, and the magnitude of these changes is promising. We expect that in the next few months, stock returns will be higher than average.

Robert McDowney

Author

Get Hot Stocks Daily    Yes, Notify Me! No thanks