Back to top

Image: Bigstock

Advanced Micro Devices (AMD) in Focus: Stock Jumps 8.2%

Read MoreHide Full Article

Advanced Micro Devices, Inc. (AMD - Free Report) was a big mover last session, as the company saw its shares rise more than 8% on the day.  Shares moved up after the company announced that its "Zen" processor core achieved a 40% improvement in instructions-per-clock, compared to its previous versions. This led to solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $5.22 to $7.04  in the past one-month time frame.

This semiconductor industry stock witnessed two positive estimate revisions over the past 30 days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for Advanced Micro. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.

Advanced Micro has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
 

However, a better-ranked stock in the same space is Alpha & Omega Semiconductor, Ltd. (AOSL - Free Report) sporting a Zacks Rank #1 (Strong Buy).

Is AMD going up? Or down? Predict to see what others think: Up or Down

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 DaysClick to get this free report >>
 


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Advanced Micro Devices, Inc. (AMD) - free report >>

Alpha and Omega Semiconductor Limited (AOSL) - free report >>

Published in