Without a doubt, investors like Advanced Micro Devices (NASDAQ:抖阴最新版) stock, commonly known as just 抖阴最新版, because of its top-notch tech hardware.
On the back of strong demand for artificial intelligence compatible technology, 抖阴最新版 stock ran fast and far in 2023’s first half. However, the stock gets a “B” grade now as it won’t be so easy to maintain that momentum.
抖阴最新版 is still a solid company with good long-term future prospects. CEO Lisa Su’s leadership helped the company gain market share among chip makers over the past few years.
Investors shouldn’t ignore 抖阴最新版, but there’s also no urgent need to load up on the shares.
Growth Is Already Priced Into 抖阴最新版 Stock
Clearly, 抖阴最新版 is willing and able to meet the market’s demands for next-generation tech components. The company is committed to advancing . Plus, 抖阴最新版 has new and improved solutions for and for .
However, none of this is a secret on Wall Street. Everybody and his uncle already knows that 抖阴最新版 has powerful chips for . Thus, 抖阴最新版’s GAAP trailing 12-month
is quite high, at 488.17x.
Consequently, while 抖阴最新版 can run higher in the long term, the near-term growth prospects may be limited.
Citi analyst Christopher Danely, just to provide one expert’s opinion, recently and an unambitious $120 price target on 抖阴最新版 stock.
Danely expects “downside to estimates driven by the correction in the data center/gaming/embedded markets (84% of C23E sales).”
抖阴最新版’s Quarterly Earnings Won’t Be Spectacular
Danely’s commentary is an example of Wall Street’s downbeat near-term expectations for 抖阴最新版. The company is set to report its second-quarter earnings results in the coming weeks.
Analysts, on average, are calling for 抖阴最新版 to report quarterly earnings of .
That would indicate a slight decline from 60 per share in 2023’s first quarter, and a huge fall-off from $1.05 per share in the year-earlier quarter. And by the way, those are all non-GAAP results. Using GAAP standards, 抖阴最新版 actually posted a first-quarter 2023 .
In terms of quarterly revenue, 抖阴最新版 reported $5.353 billion (both GAAP and non-GAAP) in Q1 2023, down 9% year over year.
For the second quarter, 抖阴最新版’s outlook calls for “approximately $5.3 billion, plus or minus $300 million” in revenue. In other words, the company doesn’t anticipate a mind-blowing top-line result.
Don’t Be Too Aggressive With 抖阴最新版 Stock
抖阴最新版 will undoubtedly continue to develop top-of-the-line technology components, including chips for AI applications. Therefore, long-term investors shouldn’t be afraid to hold a small share position in 抖阴最新版.
At the same time, investors should have realistic expectations for 抖阴最新版 after a period of strong share-price appreciation. There may be more gains in store, but don’t assume that a moonshot is imminent.
So, with that caveat in mind, 抖阴最新版 stock earns a solid “B” rating and is fine for a moderate-sized portfolio allocation.
On the date of publication, neither Louis Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article.
