Advanced Micro Devices (AMD)

[winston]

not vested

Advanced Micro Devices (AMD)

There are likely two factors contributing to the rise in Advanced Micro Devices short interest.

Under the leadership of CEO Lisa Su, AMD has become a true competitor in the semiconductor market, gaining market share from both Nvidia Corp. ( NVDA) and Intel Corp ( INTC) in recent years.

But as successful as AMD's business has been, short sellers are likely a bit skeptical of the stock's valuation after it has soared more than 3,000% in the past five years. AMD shares now trade more than 47 times forward earnings.

In addition to its steep valuation, short sellers may be betting that a market-wide rotation out of high-growth tech stocks and into value stocks, that began in November will continue in the coming months.

Whatever the reason, short sellers added $2.12 billion to their bets against AMD in the past 30 days, according to Dusaniwsky. AMD now has $5.07 billion in total short interest.

Source: US News

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AMD Tumbles After Catastrophic Preannouncement, Drags Down Chip Sector
https://www.zerohedge.com/markets/amd-t ... hip-sector

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by behappyalways:-

AMD Tumbles After Catastrophic Preannouncement, Drags Down Chip Sector

Source: Zero Hedge

https://www.zerohedge.com/markets/amd-t ... hip-sector

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https://m.youtube.com/watch?v=dhv1Ss1aSMU

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[winston]

not vested

Advanced Micro Devices reported a revenue decline of 18% in its fiscal second-quarter earnings report on Tuesday.

Earnings was 58 cents per share, adjusted, versus 57 cents per share expected by consensus estimates while revenue came in at US$5.36 billion versus US$5.31 billion expected.

Net income was US$27 million, or 2 cents per share, down from US$447 million, or 27 cents per share, in the year-ago period.

AMD’s data center segment reported a decline of 11% to $1.3 billion, which the company said was due to lower server processor sales.

Some cloud providers had extra inventory during the quarter, the chipmaker said.

Revenue at its client business fell 54 per cent to US$998 million from US$2.2 billion a year ago.

For the third quarter, AMD said it expects US$5.7 billion in sales, while analysts were looking for revenue of US$5.81 billion.

The chipmaker said that it expected its data center and embedded divisions to grow on a fiscal year basis.

Source: Phillips

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AMD Tumbles On Disappointing Revenue Guidance, Drags Chip Names Lower
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