Page 18 - Stacy Rasgon News Today

AMD earnings call for the period ending September 30, 2023.

Shares of Advanced Micro Devices, Inc. (NASDAQ: AMD) spiked higher on Wednesday after the company reported upbeat third-quarter earnings earlier this week.

AMD's bold AI outlook may look like a high hurdle, but it's quite feasible that CEO Lisa Su can deliver on her promise.

AMD is due to report third-quarter results Tuesday afternoon, but investors likely are looking far beyond the latest quarter.

Intel rose more than 9 per cent on Friday and sparked a jump in chip stocks after its upbeat forecast signaled that the personal computer market was rebounding from its quarters-long slump.The chipmaker was set to increase its market value by more than $10 billion, if gains hold. Other chip firms such as

(CTN News) Chip stocks surged on Friday after Intel (INTC.O) raised its forecast, signaling a rebound in the personal computer..........

Analyst Stacy Rasgon from Bernstein research gives the stock a Neutral rating. Previously set at USD 34, the target price has been raised to USD 36.

The chipmaker was set to increase its market value by nearly $11 billion. Other chip firms such as Advanced Micro Devices, Nvidia and Arm rose 1.6% to 2.2%.

Intel rose more than 9% on Friday and sparked a jump in chip stocks after its upbeat forecast signaled that the personal computer market was rebounding from its quarters-long slump. Other chip firms such as AMD, Nvidia and Arm rose 1% to 2%. Under CEO Pat Gelsinger, Intel is trying to turn around its business by making heavy infrastructure investments that the firm hopes will give it an edge in chipmaking and allow it to compete with the likes of Taiwan's TSMC for foundry clients.

As Intel shares were shooting 10% higher Friday, Wall Street analysts didn't seem convinced that the chip maker has a rosy future ahead.