Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Advanced Micro Devices, Inc. before investing.

In this article, we go over a few key elements for understanding Advanced Micro Devices, Inc.’s stock price such as:

• Advanced Micro Devices, Inc.’s current stock price and volume
• Why Advanced Micro Devices, Inc.’s stock price changed recently
• Upgrades and downgrades for AMD from analysts
• AMD’s stock price momentum as measured by its relative strength

About Advanced Micro Devices, Inc. (AMD)

Before we jump into Advanced Micro Devices, Inc.’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Advanced Micro Devices, Inc. is a global semiconductor company. The Company is focused on high-performance computing, graphics and visualization technologies. Its segments include Data Center, Client, Gaming and Embedded. The Data Center segment includes server central processing unit (CPUs), graphics processing units (GPUs), accelerated processing units (APUs), data processing units (DPUs), field programmable gate arrays (FPGAs), smart network interface cards (SmartNICs), artificial intelligence (AI) accelerators and adaptive system-on-chip (SoC) products for data centers. The Client segment includes CPUs, APUs, and chipsets for desktop, notebook and handheld personal computers. The Gaming segment includes discrete GPUs, semi-custom SoC products and development services. The Embedded segment includes embedded CPUs, GPUs, APUs, FPGAs, system on modules (SOMs), and adaptive SoC products. The Company's products include AMD Ryzen AI, Radeon PRO and AMD Advantage Premium.

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Advanced Micro Devices, Inc.’s Stock Price as of Market Close

As of August 08, 2024, 4:00 PM, CST, Advanced Micro Devices, Inc.’s stock price was $136.32.

Advanced Micro Devices, Inc. is up 5.95% from its previous closing price of $128.67.

During the last market session, Advanced Micro Devices, Inc.’s stock traded between $128.37 and $136.24. Currently, there are 1,618.00 million shares of Advanced Micro Devices, Inc. stock available for purchase.

Advanced Micro Devices, Inc.’s price-earnings (P/E) ratio is currently at 154.8, which is high compared to the Semiconductors industry median of 24.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Advanced Micro Devices, Inc. Stock Price History

Advanced Micro Devices, Inc.’s (AMD) price is currently down 5.65% so far this month.

During the month of August, Advanced Micro Devices, Inc.’s stock price has reached a high of $147.29 and a low of $121.83.

Over the last year, Advanced Micro Devices, Inc. has hit prices as high as $227.30 and as low as $93.12. Year to date, Advanced Micro Devices, Inc.’s stock is up 110.47%.

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What Caused Advanced Micro Devices, Inc. Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 07, 2024, there were 23 analysts who downgraded Advanced Micro Devices, Inc.’s stock and 7 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Advanced Micro Devices, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Advanced Micro Devices, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Advanced Micro Devices, Inc.’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Advanced Micro Devices, Inc. (AMD) by visiting AAII Stock Evaluator.

Relative Price Strength of Advanced Micro Devices, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 07, 2024, Advanced Micro Devices, Inc. has a weighted four-quarter relative price strength of -2.20%, which translates to a Momentum Score of 56 and is considered to be Average.

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Advanced Micro Devices, Inc. Stock Price: Bottom Line

As of August 8, 2024, Advanced Micro Devices, Inc.’s stock price is $136.32, which is up 5.95% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Advanced Micro Devices, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.