|Bid||12.690 x 4700|
|Ask||12.700 x 12400|
|Day's range||12.610 - 13.150|
|52-week range||4.820 - 15.550|
|PE ratio (TTM)||-23.83|
|Earnings date||31 Jul 2017|
|Dividend & yield||0.00 (0.00%)|
|1y target est||12.82|
After a blowout 2016, Advanced Micro Devices, Inc. (NASDAQ:AMD) stock has had a roller-coaster 2017. The optimism toward Advanced Micro Devices over the past year and a half makes some sense. The new Ryzen line makes AMD a legitimate competitor to larger rival Intel Corporation (NASDAQ:INTC) for the first time in years.
Wells Fargo analyst David Wong today reiterates an Outperform rating on shares of Advanced Micro Devices (AMD) after concluding its recently introduced “Epyc” server chip can best the latest and greatest from Intel (INTC). AMD achieves high core counts on its top end EPYC processors by packaging up to 4 chips together, connected by the company’s Infinity fabric.
U.S. stock futures are trending higher this morning, at least all save the tech-laden Nasdaq Composite. Banking stocks are leading the way after three of the U.S.’s biggest banks passed the Federal Reserve’s stress tests. According to the Fed, U.S. banks have “strong” levels of capital and should be able to survive even a severe recession and keep lending.