Today’s video focuses on Advanced Micro Devices (NASDAQ:AMD) and four recent pieces of news affecting its stock price. One could be a reason to sell the stock, but the other three could be seen as reasons to hold or buy. Here are some highlights from the video.
- On Jan. 20, an analyst from Piper Sandler downgraded AMD’s rating and decreased its price target. Analysts’ price targets are not necessarily something I focus on as an investor. The main reason is that analysts’ price targets are meant for the next 12 months, but my investment style is focused on multiple years.
- AMD has recently shared some positive news on its investors’ relations website. On Jan. 12, it announced that Amazon (NASDAQ:AMZN) continues to expand its AMD Epyc processors offerings. On Jan. 19, it released information on its new graphics cards for workstation users, and it also released new entry-level graphics cards for gamers.
- AMD is scheduled to release its fourth quarter and full-year 2021 financial results on Tuesday, Feb. 1.
Click the video below for my full thoughts and analysis.
*Stock prices used were the premarket prices of Jan. 20, 2022. The video was published on Jan. 20, 2022.
This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.
AMD: 1 Reason to Sell and 3 Reasons to Buy – Motley Fool