In the most recent earnings report, AMD’s stock closed at a record price in the past five days. The report shows quarterly sales. Set a record high In the second quarter of 2021, it was US$3.85 billion, and CEO Su Lisha promised Ship next-generation processors Despite the shortage of chips, it will still enter 2022.
Yahoo Finance data It shows that AMD’s stock closed at a record US$97.93 on July 28, and set another record of US$112.56 on August 3. So far today, the price has been rising: it peaked at $118.82 this morning and closed at about $119 at the time of writing. The tool still marks the stock as undervalued and predicts strong long-term performance.
The market seems to have reacted to AMD’s strong earnings in the second quarter. Despite being challenged by the coronavirus pandemic and global chip shortages, many companies are unable to meet the demand for their products, but the highlight is that their sales have almost doubled year-on-year.
AMD’s share price increase may also benefit from Intel’s repeated warnings, namely Consumer chip shortage Will continue into the third quarter.The company is in Its recent earnings conference call As supply chain costs have risen, profit margins have been affected because it has not passed these increases on to consumers.
Intel continues to lead in market share, especially in consumer processors, but AMD has eroded the high-value data center business with its EPYC product line. Increased competition may lead some investors to believe that AMD can truly challenge Intel’s dominance in at least one area.
Market observation famous Investors may also have been responding to Bloomberg Report Claims that the UK regulator will block Nvidia acquires Arm For national security considerations. This may make it more difficult for the company to extend its leading position in the graphics market to other areas where it competes with AMD.