Advanced Micro Devices Inc (AMD)

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Advanced Micro Devices | One Chart to Keep on Your Radar Now
By: Lucas Downey | March 7, 2024

• Advanced Micro Devices (AMD) is forging higher, soaring 43% in 2024. When you study the demand picture, you’ll understand why.

Advanced Micro Devices is a Big Money Magnet

Institutional volumes reveal plenty. For 3-months, AMD has enjoyed heavy Big Money buying, which we believe to be institutional accumulation.
Each of the 20 green bars signal unusually large volumes in AMD shares, pushing the stock higher:


Source: www.mapsignals.com

Plenty of A.I. semiconductor names are under accumulation right now. But when you dive into the fundamentals, there’s a powerful tailwind going on with Advanced Micro Devices.

Advanced Micro Devices Fundamental Analysis

Institutional support coupled with a healthy fundamental backdrop makes this company worth investigating. As you can see, AMD has had positive sales & negative EPS growth in recent years:

• 3-year sales growth rate (+36%)
• 3-year EPS growth rate (-27%)

Source: FactSet

Negative earnings growth isn’t normally what you want to see in a stock. BUT,

EPS is estimated to ramp higher this year by +49.2%, signaling better days ahead.

Now it makes sense why the stock has been powering to new heights. Advanced Micro Devices is gaining due to the forward earnings picture.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long-term.

AMD has recently been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report numerous times. The blue bars below shows when AMD was a top pick…cutting through the noise.


Source: www.mapsignals.com

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the superstars. Money flows often reveal tomorrow’s leaders…today.

Advanced Micro Devices Price Prediction

The Advanced Micro Devices rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

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