Advanced Micro Devices Stock (NASDAQ: AMD)

Advanced Micro Devices Stock (NASDAQ:AMD), Trade Ideas

Advanced Micro Devices

Advanced Micro Devices designs a variety of digital semiconductors for markets such as PCs, gaming consoles, data centers, industrial, and automotive applications, among others. AMD's traditional strength was in central processing units, CPUs, and graphics processing units, or GPUs, used in PCs and data centers. Additionally, the firm supplies the chips found in prominent game consoles such as the Sony PlayStation and Microsoft Xbox. In 2022, the firm acquired field-programmable gate array, or FPGA, leader Xilinx to diversify its business and augment its opportunities in key end markets such as the data center and automotive.

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AMD and Nvidia stocks surge amid Fed rate cuts, China&#39;s success in acquiring Nvidia chips, and strong growth prospects for AMD in the AI and accelerator markets.

What&#39;s Going On With Nvidia and AMD Stocks On Tuesday?

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Last Thursday, the world’s largest producer of advanced processors issued its first quarter results and they were even better than expected as AI demand continues to go strong. Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), whose customers include the AI chip leader, NVIDIA Corporation (NASDAQ:

TSMC Topped Estimates On The Back Of Insatiable AI Demand

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Last week witnessed the largest collective loss for the &#34;Magnificent Seven&#34; technology-related stocks, with a total of $950 billion erased from their market capitalizations, as quoted on MarketWatch. This figure surpasses the previous record loss of $872 billion in January 2022.

ETF Winners Amid Last Week&#39;s Record Loss in &#34;Magnificent 7&#34;

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Shares of semiconductor stocks are trading higher in sympathy with Texas Instruments, which reported better-than-expected Q1 financial results.

Advanced Micro Devices,&nbsp;Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) stock continued its upward trajectory Tuesday after&nbsp;the&nbsp;Friday&#8217;s selloff, along with&nbsp;Nvidia Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stock.
The key artificial intelligence beneficiaries lost close to 6% &#8211; 10% in stock value last Friday as the Street grew wary of the U.S. Federal Reserve&#8217;s rate cuts and Iran and Israel strike.
Meanwhile, reports indicated that Chinese companies are succeeding in procuring advanced Nvidia chips from&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/asia/24/04/38369354/nvidias-high-end-chips-ended-up-in-chinese-hands-despite-us-ban-heres-how-beijing-scored-them" rel="noreferrer noopener">third-party vendors</a>.&nbsp;
Previously, Chinese tech juggernaut&nbsp;Alibaba Group Holding Limited&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) voiced how the U.S. embargo harmed&nbsp;<a target="_blank" href="https://www.benzinga.com/government/24/04/38140039/us-embargo-on-nvidia-stings-hard-chinas-ai-development-lags-peers-alibabas-joe-tsai-reveals" rel="noreferrer noopener">China&#8217;s AI ambitions</a>.
Prior reports had also indicated how the U.S. embargo led to a captive underground market for&nbsp;<a target="_blank" href="https://www.benzinga.com/government/24/02/36910198/whats-going-on-with-nvidia-stock-friday" rel="noreferrer noopener">AI chips in China</a>.
Analysts expect Nvidia to dominate the ~$90 billion calendar year 2024 accelerator market (rising to $200 billion by calendar year 2027), primarily backed by&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38188367/nvidia-eyes-continued-leadership-in-90b-accelerator-market-despite-recent-dip-bofa-analyst" rel="noreferrer noopener">its Blackwell product</a>.
Analysts have identified&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38278064/whats-going-on-with-amd-stock-tuesday" rel="noreferrer noopener">several growth catalysts</a>&nbsp;for AMD&#8217;s recent surge, beginning with&nbsp;the introduction of&nbsp;new products. AMD unveiled the Ryzen PRO 8040 and 8000 Series processors, AI-enabled and built using advanced 4-nanometer technology, targeting business laptops, mobile workstations, and desktops.&nbsp;
The anticipated expansion of the AI PC market will likely benefit AMD significantly. Analysts have also highlighted AMD&#8217;s competitive positioning against Nvidia in the merchant accelerators market, bolstered by its Mi300 series products and an evolving chip, hardware, and software ecosystem.
Further financial upside is likely from the acquisition of Xilinx, which will likely offer substantial revenue synergies exceeding $10 billion.
Nvidia stock gained over 203% in the last 12 months&nbsp;, and&nbsp;AMD gained 74%. Investors can gain exposure to Nvidia via&nbsp;VanEck Semiconductor&nbsp;ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and&nbsp;Global X&nbsp;Robotics &amp; Artificial Intelligence ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOTZ#NASDAQ">BOTZ</a>).
Price Actions: NVDA shares traded higher by 3.68% at $824.48 at the last check Tuesday. AMD shares traded higher by 3.01% at $153.10.
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What's Going On With Nvidia and AMD Stocks On Tuesday?

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$820.00</td>
<td>$30.3K</td>
<td>7.3K</td>
<td>36.2K</td>
</tr>
<tr>
<td>APH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$125.00</td>
<td>$36.0K</td>
<td>984</td>
<td>9.1K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$152.50</td>
<td>$29.4K</td>
<td>5.0K</td>
<td>8.5K</td>
</tr>
<tr>
<td>CLSK</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/26/24</td>
<td>$19.00</td>
<td>$184.2K</td>
<td>4.9K</td>
<td>4.4K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$407.50</td>
<td>$28.8K</td>
<td>1.4K</td>
<td>3.7K</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$750.00</td>
<td>$27.9K</td>
<td>719</td>
<td>3.0K</td>
</tr>
<tr>
<td>IREN</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$5.00</td>
<td>$170.0K</td>
<td>5.3K</td>
<td>1.0K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>04/26/24</td>
<td>$1280.00</td>
<td>$54.4K</td>
<td>155</td>
<td>965</td>
</tr>
<tr>
<td>CDNS</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$300.00</td>
<td>$44.6K</td>
<td>9</td>
<td>864</td>
</tr>
<tr>
<td>SOUN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$4.00</td>
<td>$31.8K</td>
<td>2.2K</td>
<td>714</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on April 26, 2024. This event was a transfer of 20 contract(s) at a $820.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $30.3K, with a price of $1515.0 per contract. There were 7309 open contracts at this strike prior to today, and today 36255 contract(s) were bought and sold. 
• Regarding APH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>), we observe a call option sweep with bullish sentiment. It expires in 24 day(s) on May 17, 2024. Parties traded 300 contract(s) at a $125.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $36.0K, with a price of $120.0 per contract. There were 984 open contracts at this strike prior to today, and today 9190 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a put option trade that happens to be bullish, expiring in 3 day(s) on April 26, 2024. This event was a transfer of 100 contract(s) at a $152.50 strike. The total cost received by the writing party (or parties) was $29.4K, with a price of $294.0 per contract. There were 5050 open contracts at this strike prior to today, and today 8589 contract(s) were bought and sold. 
• Regarding CLSK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), we observe a call option trade with neutral sentiment. It expires in 3 day(s) on April 26, 2024. Parties traded 996 contract(s) at a $19.00 strike. The total cost received by the writing party (or parties) was $184.2K, with a price of $185.0 per contract. There were 4968 open contracts at this strike prior to today, and today 4459 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on April 26, 2024. This event was a transfer of 33 contract(s) at a $407.50 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $28.8K, with a price of $875.0 per contract. There were 1454 open contracts at this strike prior to today, and today 3776 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a put option trade that happens to be bearish, expiring in 3 day(s) on April 26, 2024. This event was a transfer of 10 contract(s) at a $750.00 strike. The total cost received by the writing party (or parties) was $27.9K, with a price of $2791.0 per contract. There were 719 open contracts at this strike prior to today, and today 3053 contract(s) were bought and sold. 
• For IREN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>), we notice a put option trade that happens to be neutral, expiring in 206 day(s) on November 15, 2024. This event was a transfer of 1000 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $170.0K, with a price of $170.0 per contract. There were 5390 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option sweep that happens to be neutral, expiring in 3 day(s) on April 26, 2024. This event was a transfer of 75 contract(s) at a $1280.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $54.4K, with a price of $726.0 per contract. There were 155 open contracts at this strike prior to today, and today 965 contract(s) were bought and sold. 
• Regarding CDNS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>), we observe a call option trade with neutral sentiment. It expires in 206 day(s) on November 15, 2024. Parties traded 20 contract(s) at a $300.00 strike. The total cost received by the writing party (or parties) was $44.6K, with a price of $2230.0 per contract. There were 9 open contracts at this strike prior to today, and today 864 contract(s) were bought and sold. 
• Regarding SOUN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>), we observe a call option trade with bearish sentiment. It expires in 87 day(s) on July 19, 2024. Parties traded 350 contract(s) at a $4.00 strike. The total cost received by the writing party (or parties) was $31.8K, with a price of $91.0 per contract. There were 2288 open contracts at this strike prior to today, and today 714 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AVGO

CDNS

CLSK

IREN

SMCI

SOUN

10 Information Technology Stocks Whale Activity In Today's Session

Shares of semiconductor stocks are trading higher amid a continued rebound following Friday's drop.

Last Thursday, the world&rsquo;s largest producer of advanced processors&nbsp;issued its first quarter results and they were even better than expected as AI demand continues to go strong.&nbsp;Taiwan Semiconductor Manufacturing Company Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tsm#NYSE">TSM</a>), whose customers include the AI chip leader, NVIDIA Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) as well as the tech titan Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>), expects 2024 to be another year of healthy growth on the back of its technology leadership and broad customer base that also includes&nbsp;Advanced Micro Devices Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amd#NASDAQ">AMD</a>) and Qualcomm Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qcom#NASDAQ">QCOM</a>).
<h3>First Quarter Highlights</h3>
For the quarter ended on March 31st, TSMC reported&nbsp;net revenue grew 16.5%&nbsp;YoY to NT$592.64 billion. Net income rose 8.9% YoY to NT$225.49 billion.
The net profit margin continues to be one of the highest in the company&rsquo;s history at 40%, while an industry average is about 14%,&nbsp;reflecting TSMC&rsquo;s competitiveness.
<h3>Nvidia Set To Become The TSMC Of AI</h3>
Earlier in March, Nvidia clearly stated its aim to become the TSMC for AI as it continues its expansion beyond hardware, entering into software services. During its annual conference, GTC 2024, Nvidia CEO&nbsp;Jensen Huangunveiled new tools. In terms of AI development, Nvidia aims to do for the world exactly that what TSMC does for the AI chip leader by turning its design and concept into physical chips. Therefore, TSMC builds the chips Nvidia, Apple and others need and Nvidia wants to become the AI maker, turning concepts of its clients into a model they get to bring with them.
<h3>Second Quarter Guidance</h3>
For the current quarter, TSMC is supported by strong demand for industry-leading 3-nanometer and 5-nanometer technologies, but this strength is partially offset by a continued smartphone seasonality. TSMC guided for second-quarter revenue in the range between $19.6 billion and $20.4 billion.&nbsp;Due to the recent earthquake in Taiwan along with higher electricity costs, TSMC expects the second quarter gross margin to decline by 1.1 percentage points to 52% at the midpoint. Fortunately, the earthquake that occurred on April 3rd&nbsp;did not cause any power shortages, nor structural damage to the company&rsquo;s facilities and critical tools such as extreme ultraviolet (EUV) lithography system.&nbsp;One of its closest competitors, Intel Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intc#NASDAQ">INTC</a>), lost the lead because TSMC was the first to adopt&nbsp;EUV lithography systems&nbsp;that are essential for its leadership.&nbsp;Although some wafers were affected and had to be scrapped, most of the lost production should be recovered in current quarter, with minimal impact to revenue.
<h3>Outlook</h3>
With AI demand going strong, TSMC managed to&nbsp;weather the tapering off of pandemic-led electronics demand, fueling its stock to new heights.&nbsp;In 2025, TSMC is&nbsp;planning to begin mass-producing its 2-nanometer chips, which come with more power and efficiency compared to its current 3-nanometer ones. As for the full year, TSMC estimates revenue contribution from server AI processors to more than double.&nbsp;For the full year, TSMC guided for low to mid-20% revenue growth under the assumption that the AI market continues to expand while the PC market stabilizes, and the smartphone market returns to growth amid an improved macroeconomic backdrop. Although TMSC might not keep the pace with Nvidia in terms of near-term gains due to the fact its business goes beyond chips, it certainly won&rsquo;t be in a recovery mode like its client,&nbsp;Qualcomm,&nbsp;after the 2023 lulled the smartphone market to sleep. Qualcomm is&nbsp;scheduled to report its fiscal second quarter results on May 1st. Best known for making smartphone chips, Qualcomm did surpass estimates with its fiscal first quarter financials and its upcoming report should reflect the business picking up as smartphone sales continue to recover.
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Last week witnessed the largest collective loss for the &quot;Magnificent Seven&quot; technology-related stocks, with a total of $950 billion erased from their market capitalizations, as quoted on MarketWatch. This figure surpasses the previous record loss of $872 billion in January 2022.
High inflation, talks of higher-for-longer interest rates in the United States, flare-ups in geopolitical crisis and receding euphoria about AI investments weighed on risk-on trade sentiments. High-growth stocks were especially marred by a surge in interest rates.
Overall, the S&amp;P 500 lost 3.1%, the Dow Jones advanced 0.01% and the Nasdaq plummeted 5.5%, respectively. The benchmark U.S. treasury yield started the week at 4.63%, hit a closing high of 4.67% on Apr 16 and ended the week at 4.62%.
<h3>Individual Performances of Key Players of &quot;Magnificent Seven&quot;</h3>
&nbsp;&nbsp;&nbsp; Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>): Leading the decline in percentage terms, Tesla&#39;s stock slumped by 14%, reducing its market cap by $76 billion and losing its ranking among the largest U.S. companies.
&nbsp;&nbsp;&nbsp; Nvidia Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>): Experiencing the most significant absolute loss, Nvidia&#39;s market cap plunged nearly $300 billion due to a weekly stock drop of 13.6% and a historical single-day decline of 10% on Apr 19, 2024.
&nbsp;&nbsp;&nbsp; Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) and Microsoft Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>): Both companies contributed significantly to the overall loss, with Apple shedding $178 billion and Microsoft $169 billion in market value.
&nbsp;&nbsp;&nbsp; Amazon.com (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>): Amazon lost $118 billion in market cap after a decline of 2.56% in its stock price.
&nbsp;&nbsp;&nbsp; Alphabet Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>): Alphabet saw a reduction of $41 billion from its market valuation.
&nbsp;&nbsp;&nbsp; Meta Platforms (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>): Meta&#39;s market cap fell by $68 billion during the week.
<h3>Semiconductor Market Crash</h3>
The semiconductor sector, particularly impacted by these losses, saw a broader &quot;unwind&quot; according to industry analysts, per a MarketWatch article. Nvidia&#39;s record losses indicate the intense pressure faced by chipmakers, suggesting the likelihood of a sustained downturn in the sector.
There was also ASML Holding&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asml#NASDAQ">ASML</a>) &mdash; a world leader in the manufacture of advanced technology systems for the semiconductor industry &mdash; announcement of a steep decline in bookings during the first quarter, catching investors off guard last week.
The news was crucial for the chip industry as ASML&#39;s key customers include TSMC, Samsung and Intel (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intc#NASDAQ">INTC</a>), the world&#39;s top processor foundries, which, in turn, make chips for AMD (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amd#NASDAQ">AMD</a>), Nvidia, Qualcomm and Apple, per CNBC.
<h3>Heightened Volatility in Wall Street</h3>
There was heightened volatility and uncertainty in the market due to concerns over high price inflation and potential shifts in Federal Reserve policy. There were stricter remarks from Atlanta Fed president Raphael Bostic that reinforced worries about interest rate cuts not happening until the end of the year. Bond yields rose accordingly and mortgage rates topped 7%.
<h3>Upbeat U.S. Retail Sales Data</h3>
U.S. retail sales were better than expected in March after returning to a growth trajectory in February. On Apr 15, the Department of Commerce reported that retail sales grew 0.7% month over month in March, well above the consensus estimate of 0.3%. Moreover, February&#39;s data was revised upward to an increase of 0.9% from 0.6% reported earlier.
Year over year, retail sales increased 3.6% in March. Core retail sales (excluding auto) grew 1.1% month over month in March, well above the consensus estimate of 0.5%. Moreover, February&#39;s data was revised upward to an increase of 0.6% from 0.3% reported earlier.
<h3>ETFs in Focus</h3>
Against this backdrop, below we highlight the winning ETFs of last week.
AXS Short Innovation Daily ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sark#NASDAQ">SARK</a>) &ndash; Up 10.6%
The AXS Short Innovation Daily ETF seeks daily inverse investment results and is intended to be used as a short-term trading vehicle. The fund charges 75 bps in fees.
Roundhill Daily Inverse Magnificent Seven ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/magq#NASDAQ">MAGQ</a>) &ndash; Up 8.3%
The Roundhill Daily Inverse Magnificent Seven ETF seeks daily investment results, before fees and expenses, that correspond to the inverse of the performance of the Roundhill Magnificent Seven ETF. The fund charges 95 bps in fees.
USCF Aluminum Strategy Fund (ARCA:ALUM) &ndash; Up 7.2%
The USCF Aluminium Strategy Fund seeks investment results that generally correspond over the long term to the performance of the price of aluminum. The fund charges 65 bps in fees.
abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (ARCA:BCIM) &ndash; Up 6.2%
The underlying Bloomberg Industrial Metals Subindex consists of 4 commodities, which are weighted 2/3 by trading volume and 1/3 by world production with an additional criteria of global economic significance. The fund charges 40 bps in fees.
United States Copper Index Fund (ARCA:CPER) &ndash; Up 5.2%
The underlying SummerHaven Copper Index Total Return reflects the performance of the investment returns from a portfolio of copper futures contracts on the COMEX exchange. The fund charges 97 bps in fees.
<a href="https://www.zacks.com/stock/news/2258961/etf-winners-amid-last-week-s-record-loss-in-magnificent-7?cid=CS-BENZ-FT-etf_news_and_commentary-2258961">To read this article on Zacks.com click here.</a>

ETF Winners Amid Last Week's Record Loss in "Magnificent 7"

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) stocks see some redemption on Monday after a selloff Friday.
Last Friday, Nvidia faced its worst session since March 2020, losing over $200 billion of its market value.
Stocks recording windfall gains thanks to the artificial intelligence frenzy, like AMD, also lost close to 6% in stock value.
Investors grew wary of the U.S. Federal Reserve&#8217;s rate cuts fueled by retaliatory strikes between Iran and Israel, the Financial Times&nbsp;<a href="https://www.ft.com/content/e7d5852e-a310-470f-a26e-d31fa205e9a0" target="_blank" rel="noreferrer noopener">reports</a>.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/22092807/newplot-23.png" alt="" class="wp-image-302314" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/22092807/newplot-23.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/22092807/newplot-23-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/government/24/04/38221529/whats-going-on-with-key-ai-stocks-amd-intel-nvidia-on-friday" rel="noreferrer noopener">Intel and AMD hit by China&#8217;s move to eliminate foreign tech, raising stakes for US chipmakers</a>
Nvidia&#8217;s stock price decline accounted for almost half the 0.9% fall in Wall Street&#8217;s S&amp;P 500.
Interestingly,&nbsp;Oppenheimer&nbsp;analyst Rick Schafer noted few companies are positioned to materially raise estimates this earnings season as global macro and demand lags (exAI).&nbsp;
Unsurprisingly,&nbsp;Taiwan Semiconductor Manufacturing Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) and&nbsp;ASML Holding NV&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>)&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38334748/pay-more-for-chips-made-outside-taiwan-as-ai-demand-soars-and-global-expansion-continues-taiwan-semi" rel="noreferrer noopener">recently highlighted robust</a>&nbsp;demand for AI-related fab capacity and tools.&nbsp;
According to the analyst, cloud service provider capital expenditures will likely remain strong and trend to the high end of forecasts. Schafer&#8217;s recent Asia checks suggest &gt;40% accelerated server growth this year.&nbsp;
Alphabet Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)&nbsp;Google Cloud, Microsoft Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)&nbsp;Microsoft Azure, and Amazon.Com Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)&nbsp;Amazon Web Services (AWS)&nbsp;feature as the top CSPs. Nvidia and AMD GPU-powered solutions are available globally through all significant CSPs.
As per the analyst, Chip-on-Wafer-on-Substrate&nbsp;(CoWoS) capacity will likely tighten through 2024, though Nvidia GPUs H100 and H200 lead times are now roughly half of the 2023 peak of 40-50 weeks.&nbsp;
PC and handset channel inventory is lean, with the growth tempered by lukewarm demand.&nbsp;
The analyst stated that industrial troughs will likely occur in the second quarter, though the slope of the second-half recovery is uncertain.&nbsp;
Last, according to Schafer, Auto sales will likely soften in 2024, reflecting slowing EV adoption and excess inventory. His top picks include Nvidia.
Data Center AI demand continues to lead. Schafer modeled ~3.2 million Nvidia flagship GPU units this year, though he noted a path to 4 million as supply loosens.&nbsp;
The analyst flagged Nvidia&#8217;s B100 launches in the third quarter, with server ramp beginning in the fourth quarter, and AMD&#8217;s MI300 is likely 400K units this year. Schafer noted that Nvidia dominates the accelerator market.&nbsp;
Price Actions:&nbsp;NVDA shares traded higher by 2.85% at $783.72 premarket on the last check Monday. AMD shares traded higher by 0.44% at $147.29.
Also Read: <a href="https://www.benzinga.com/news/24/02/37372403/nvidias-data-center-dominance-and-amds-rising-share-foretell-bullish-future-bofa-analyst" target="_blank" rel="noreferrer noopener">Nvidia&#8217;s Data Center Dominance and AMD&#8217;s Rising Share Foretell Bullish Future: BofA Analyst</a>
Photo via Wikimedia Commons

Analyst Ratings

Movers

Media

GOOG

What's Going On With Nvidia and AMD Stocks On Monday?

In the ever-evolving landscape of technology and semiconductor manufacturing, one company that often finds itself at the forefront of discussion is Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>). The company is set to report Q1 earnings in three days on Thursday, <a href="https://www.benzinga.com/quote/INTC/earnings">after market close</a>.
A recent Reddit post on the r/stocks subreddit sparked a flurry of opinions on whether Intel is currently undervalued, prompting investors and enthusiasts to weigh in on the company&#8217;s future prospects.
<figure class="wp-block-embed is-type-rich is-provider-reddit wp-block-embed-reddit"> 
<div class="wp-block-embed__wrapper">
<blockquote class="reddit-embed-bq" style="height:316px" ><a href="https://www.reddit.com/r/stocks/comments/1c76qnx/is_intel_undervalued/">Is Intel undervalued?</a> by<a href="https://www.reddit.com/user/KimuraKan/">u/KimuraKan</a> in<a href="https://www.reddit.com/r/stocks/">stocks</a></blockquote>
<script async src="https://embed.reddit.com/widgets.js" charset="UTF-8"></script></div>
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User KimuraKan initiated the conversation by pointing out Intel&#8217;s consolidation since its rise in October 2023. They pondered whether the current price range, particularly within the $35-$37 zone, presents a buying opportunity.
Also Read: <a href="http://Intel Builds World's Largest Neuromorphic System, Code-named Hala Point, To Enable More Sustainable AI">Intel Builds World&#8217;s Largest Neuromorphic System, Code-named Hala Point, To Enable More Sustainable AI</a>
<h2 class="wp-block-heading" id="h-concerns-over-competing-with-tsmc">Concerns Over Competing With TSMC</h2>
However, they also raised valid concerns about Intel&#8217;s ability to compete with the likes of Taiwan Semiconductor Manufacturing Co Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NASDAQ">TSM</a>) aka TSMC, especially considering the latter&#8217;s expansion plans in the U.S.
Additionally, the potential relocation of TSMC&#8217;s operations from Taiwan due to geopolitical tensions adds another layer of uncertainty for Intel&#8217;s future.
<h2 class="wp-block-heading" id="h-margin-concerns">Margin Concerns</h2>
Responses to KimuraKan&#8217;s inquiry varied, reflecting the diverse perspectives surrounding Intel&#8217;s standing in the market. JackTwoGuns emphasized the importance of Intel enhancing its profit margins, highlighting that despite possessing a mature product line, the company struggles to translate it into significant profitability. This sentiment resonates with many investors who are eager to see Intel capitalize on its technological prowess more effectively.
Contrarily, user JRshoe1997 expressed a rather pessimistic view of Intel&#8217;s product competitiveness, citing a decline in its data center division compared to its competitors. They also noted that Intel &#8220;built up so much inventory on these products that they had to sell them at extremely low costs which killed their margin of profitability.&#8221; 
This perspective underscores the challenges Intel faces in maintaining its market share and technological edge in crucial sectors like data centers.
<figure class="wp-block-embed is-type-rich is-provider-reddit wp-block-embed-reddit"> 
<div class="wp-block-embed__wrapper">
<blockquote class="reddit-embed-bq" ><a href="https://www.reddit.com/r/stocks/comments/1c76qnx/comment/l06czrp/">Comment</a> by<a href="https://www.reddit.com/user/KimuraKan/">u/KimuraKan</a> from discussion<a href="https://www.reddit.com/r/stocks/comments/1c76qnx/is_intel_undervalued/"><no value></no></a> in<a href="https://www.reddit.com/r/stocks/">stocks</a></blockquote>
<script async src="https://embed.reddit.com/widgets.js" charset="UTF-8"></script></div>
</figure>
<h2 class="wp-block-heading" id="h-competition-concerns">Competition Concerns</h2>
HotdogsArePate brought attention to Advanced Micro Devices Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) recent advancements. The Redditor suggested that Intel&#8217;s core processors pale in comparison to their counterparts from competitors. This observation highlights the intense competition Intel faces within the semiconductor industry, particularly in terms of innovation and performance metrics.
However, Pinotwinelover offered a more balanced outlook, acknowledging Intel&#8217;s setbacks while emphasizing its importance in the semiconductor ecosystem. Despite lagging behind technologically, Intel&#8217;s foundry business and the expertise of its workforce remain valuable assets, especially from a national security standpoint.
<h2 class="wp-block-heading" id="h-complex-future-or-turnaround-potential">Complex Future Or Turnaround Potential?</h2>
Overall, the discussion on Intel&#8217;s stock reflects the complexities and uncertainties surrounding the company&#8217;s future trajectory. Investors and analysts alike will continue to monitor Intel&#8217;s performance closely, awaiting signals of a potential turnaround or further struggles in the fiercely competitive tech landscape.
Wall Street analysts currently have a consensus Neutral rating on the stock, with a consensus price target of $38.72.
Three recent analyst ratings for Intel were provided by Wedbush, Susquehanna, and Evercore ISI Group, all released in mid-April 2024. Their collective average price target of $40 suggests a potential upside of 17% for the company&#8217;s stock.
INTC Price Action: Shares of Intel were down 2.4% to $34.20 on Friday.
Read Next: <a href="https://www.benzinga.com//node/38320280">AMD and Intel Lead the AI Revolution in Data Centers, Highlighting Advanced GPU Breakthroughs</a>
Photo: Shutterstock

Analyst Color

Long Ideas

Opinion

Intel's Inventory Issues: Redditors Highlight How Overstock 'Killed Their Margins,' Yet Analysts See Upside

U.S. stocks closed mixed on Friday, with the S&amp;P 500 falling for a sixth straight session. The index fell over 3% last week to record its worst weekly performance since March 2023. However, the Dow Jones index edged higher by 0.01% for the week.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst&#8217;s opinion to trust.
Benzinga&#8217;s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. One of the ways traders can sort through Benzinga&#8217;s extensive database of analyst ratings is by analyst accuracy. Here&#8217;s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock</a> Ratings.
Analyst: Jay McCanless
<ul>
<li>Analyst Firm: Wedbush</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Reiterated an Underperform rating on  &lt;b> D.R. Horton, Inc.&lt;/b> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) with a price target of $130 on April 18, 2024. This analyst sees around 9% downside in the stock.</li>
<li>Recent News: On April 18, D.R. Horton reported better-than-expected second-quarter financial results.</li>
</ul>
Analyst: Reuben Garner
<ul>
<li>Analyst Firm: Benchmark</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Initiated coverage on Beacon Roofing Supply, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BECN#NASDAQ">BECN</a>) with a Buy rating and a price target of $135 on April 18, 2024. This analyst sees around 43% upside in the stock.</li>
<li>Recent News: Beacon said it will release earnings results for the quarter ended March 31, 2024 after the closing bell on May 2, 2024.</li>
</ul>
Analyst: Matt Bryson
<ul>
<li>Analyst Firm: Wedbush</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Reiterated an Outperform rating on Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) with a price target of $200 on April 17, 2024. This analyst sees over 37% upside in the stock.</li>
<li>Recent News: AMD recently announced the new AMD Ryzen PRO 8040 Series with x86 processors built for business laptops and mobile workstations, and the AMD Ryzen PRO 8000 Series desktop processor, the first AI-enabled desktop processor for business users constructed with the advanced 4-nanometer technology.</li>
</ul>
Analyst: Aaron Rakers
<ul>
<li>Analyst Firm: Wells Fargo</li>
<li>Ratings Accuracy: 84%</li>
<li>Latest Rating: Maintained an Equal-Weight rating on Hewlett Packard Enterprise Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) and boosted the price target from $17 to $19 on April 17, 2024. This analyst sees about 14% gain in the stock.</li>
<li>Recent News: On Feb. 29, Hewlett Packard Enterprise reported worse-than-expected first-quarter revenue results and issued FY24 EPS guidance below estimates.</li>
</ul>
Analyst: Robert Mason
<ul>
<li>Analyst Firm: Baird</li>
<li>Ratings Accuracy: 84%</li>
<li>Latest Rating: Maintained an Outperform rating on Atmus Filtration Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATMU#NYSE">ATMU</a>) and increased the price target from $29 to $37 on April 17, 2024. This analyst sees more than 20% upside in the stock.</li>
<li>Recent News: Atmus Filtration Technologies said it will report financial results for the first quarter 2024 before the opening bell on May 3, 2024.</li>
</ul>
Read More: <a href="http://AVI kapoor benzinga">Albertsons Companies, Nucor And 3 Stocks To Watch Heading Into Monday</a>

Price Target

ATMU

BECN

This Analyst With 85% Accuracy Rate Sees More Than 37% Upside In AMD - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) has outperformed the market over the past 10 years by 32.37% on an annualized basis producing an average annual return of 42.57%. Currently, Advanced Micro Devices has a market capitalization of $240.06 billion. 
Buying $1000 In AMD: If an investor had bought $1000 of AMD stock 10 years ago, it would be worth $34,942.35 today based on a price of $148.54 for AMD at the time of writing.
<h3>Advanced Micro Devices's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713546080_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Advanced Micro Devices Stock In The Last 10 Years

ACMR

QRVO

Shares of semiconductor stocks are trading lower. The sector has been under pressure this week following earnings from ASML and TSMC. Stocks have been mixed Friday amid overall market uncertainty on Iran-Israel tensions. Weakness in Super Micro could also be weighing.

Alibaba Group Holding Limited&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and Lenovo Group are joining forces to develop a suite of artificial intelligence (AI) products, marking a significant move as Chinese tech giants vie for dominance in the burgeoning field of generative AI.&nbsp;
These offerings will feature AI PCs—computers embedded with chips capable of performing generative AI operations locally—alongside other AI-driven devices and business intelligence solutions.&nbsp;
This collaboration was unveiled at Lenovo&#8217;s Tech World event in Shanghai, highlighting the firm&#8217;s &#8220;in-depth cooperation and joint innovation&#8221;&nbsp;with various domestic entities, including Tsinghua University&#8217;s Institute for AI Industry Research, SCMP&nbsp;<a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3259537/lenovo-and-alibaba-team-build-ai-computers-generative-ai-race-heats-china" rel="noreferrer noopener">reports</a>.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/01/36596609/nvidia-leads-ai-chip-rivalry-with-new-gpus-while-amd-and-intel-bet-big-on-ai-pcs" rel="noreferrer noopener">Nvidia Leads AI Chip Rivalry with New GPUs, While AMD and Intel Bet Big on AI PCs</a>
At the same event, Lenovo introduced specialized versions of its AI PC, the Yoga Book 9i, and additional AI-centric devices. These devices incorporate a personal AI assistant, Lenovo Xiaotian, powered by Alibaba&#8217;s large language model, Tongyi Qianwen.&nbsp;
According to market research firm IDC, AI PCs are poised to dominate the Chinese market. By 2027, they are estimated to constitute 85% of new PC sales.
<a target="_blank" href="https://www.benzinga.com/news/24/04/38156042/microsoft-set-to-unveil-qualcomm-powered-ai-pcs-aiming-to-surpass-apples-macbook-air" rel="noreferrer noopener">Recent reports indicated</a>&nbsp;Microsoft Corp&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) plans to unveil its innovative &#8220;AI PCs,&#8221; aiming to eclipse&nbsp;Apple Inc&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) M3-powered MacBook Air with new laptops fueled by&nbsp;Arm Holdings Plc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) technology.&nbsp;
These next-generation devices&nbsp;are powered&nbsp;by&nbsp;Qualcomm Inc&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) Snapdragon X Elite processors.&nbsp;
The unveiling will also introduce consumer versions of the Surface Pro 10 and Surface Laptop 6, featuring Snapdragon X Elite chips.&nbsp;
The move aligns with the broader tech industry&#8217;s push, including&nbsp;Advanced Micro Devices, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and&nbsp;Intel Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), to embed AI into the PC experience.
Price Action:&nbsp;BABA shares traded lower by 0.70% at $68.40 premarket on&nbsp;the last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Alibaba and Lenovo Team Up to For AI PCs, Setting New Standards in Tech

Advanced Micro Devices, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and&nbsp;Intel Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) executives at Data Center World 2024 highlighted the crucial role of artificial intelligence (AI) and advanced graphics processing units (GPUs) in revolutionizing data center operations.&nbsp;
They discussed the latest AI and GPU advancements, energy efficiency improvements, AI-driven automation, and the shift in data center infrastructure to accommodate growing&nbsp;<a target="_blank" href="https://www.datacenterknowledge.com/data-center-world/intel-amd-discuss-how-ai-will-test-and-revolutionize-data-centers#close-modal" rel="noreferrer noopener">AI demands</a>.&nbsp;
Intel&#8217;s Jennifer Majernik Huffstetler emphasized that AI&#8217;s transformative power relies on a mix of more substantial processors, energy-efficient hardware and software, and GenAI models tailored to specific applications.&nbsp;
She pointed out that most data still needs to be utilized on-premises, and the future lies in developing smaller, domain-specific models for business-specific needs, such as creating AI models trained on company documents to assist consultants with security and accuracy parameters.
Huffstetler stressed the need for innovative cooling solutions, like liquid cooling, to reduce energy consumption by up to 40%.&nbsp;
Laura Smith from AMD said that existing data centers are ill-equipped for AI integration due to structural limitations but urged upgrades to accommodate AI advancements, emphasizing strategic planning with management to understand the investment&#8217;s return.&nbsp;
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18101223/newplot-18.png" alt="" class="wp-image-298079" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18101223/newplot-18.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18101223/newplot-18-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Analysts <a href="https://www.benzinga.com/news/24/04/38278064/whats-going-on-with-amd-stock-tuesday" target="_blank" rel="noreferrer noopener">have highlighted AMD&#8217;s</a> strategic positioning in the evolving computing landscape, emphasizing its significant gains in the server CPU market and its successful market share capture in the merchant accelerator sector with the Mi300 series. 
This strengthened AMD&#8217;s role as a formidable competitor to Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) in the merchant accelerators market. They also flagged the untapped potential of revenue synergies from the acquisition of Xilinx, suggesting a long-term upside of over $10 billion.
Price Actions: AMD shares traded higher by 0.35% at $154.50 at the last check Thursday.
Also Read: <a href="https://www.benzinga.com/government/24/04/38267102/intel-and-nvidia-reveal-new-products-for-china-adapt-ai-chip-strategies-in-response-to-us-sanctions" target="_blank" rel="noreferrer noopener">Intel and Nvidia Reveal New Products for China, Adapt AI Chip Strategies in Response to US Sanctions</a>
Photo by cebbi from Pixabay

AMD and Intel Lead the AI Revolution in Data Centers, Highlighting Advanced GPU Breakthroughs

TD Cowen analyst Matthew Ramsay maintains Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) with a Buy and raises the price target from $185 to $200.

TD Cowen Maintains Buy on Advanced Micro Devices, Raises Price Target to $200

China has set a deadline for its leading telecom operators to rid their networks of foreign <a href="https://www.benzinga.com/topic/semiconductors">semiconductors by 2027</a>. 
In an exclusive interview with Benzinga, Brendan Ahern, Chief Investment Officer at KraneShares, shared his views on the implications this will have on semiconductor companies and investors.
This directive targets chips from American giants Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) and Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>). These firms have long dominated the Chinese telecom infrastructure landscape.
Now, they face the prospect of losing a significant portion of their revenues. China accounts for 27% and 15% of their total revenues, respectively.
And yet, Ahern expects that foreign chip suppliers like Intel and AMD will experience limited commercial impact. 
&#8220;The directives only apply to government procurement, not the broader commercial market in China,&#8221; he says. The directives appear to be &#8220;more of a political and symbolic move.&#8221; 
This situation mirrors a U.S. decision from four years ago. Recall how telecoms regulator FCC imposed a ban on equipment from Chinese firms Huawei and ZTE, citing national security concerns.
&#8220;The directives do signal China&#8217;s broader push towards semiconductor self-sufficiency, both in chip design and manufacturing,&#8221; noted Ahern.
Huawei, in particular, is spearheading efforts in this regard. It has plans to establish a research and development facility outside Shanghai focused on developing homegrown chipmaking technologies.
Additionally, Semiconductor Manufacturing International Co. is also making noteworthy advances in high-end silicon technologies.
Also Read: <a href="https://www.benzinga.com/markets/equities/24/04/38308198/apples-falling-iphone-sales-have-another-challenge-to-deal-with-as-huawei-launches-new-phones">Apple&#8217;s Falling iPhone Sales Have Another Challenge To Deal With As Huawei Launches New Phones</a>
<h2 class="wp-block-heading">Opportunities For Investors</h2>
Ahern recommends that investors consider KraneShares CICC China 5G and Semiconductor Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KFVG#NYSE">KFVG</a>), which could capitalize on this trend. 
The ETF&#8217;s holdings (stocks are not available to trade in the U.S.) include: 
<ul>
<li>Foxconn Industrial Internet Co Ltd Class A (9.77%)</li>
<li>Xiaomi Corp Class B (8.02%)</li>
<li>Luxshare Precision Industry Co Ltd Class A (5.23%)</li>
</ul>
Furthermore, potential stock picks may include leading Chinese chip design firms and chip manufacturing equipment companies benefiting from the government&#8217;s push for domestic chip production.
Three stocks to consider for U.S.-based investors:
<ul>
<li>Hua Hong Semiconductor (OTCPK: HHUSF)</li>
<li>Intchains Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICG#NASDAQ">ICG</a>)</li>
<li>ACM Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACMR#NASDAQ">ACMR</a>)</li>
</ul>
Hua Hong positions itself for expansion with a notable listing on the Shanghai Exchange. Intchains&#8217; versatile operations and robust finances make it an attractive stock. ACM&#8217;s upgraded revenue projections and favorable analyst assessments signal a promising trajectory for the stock.
As China accelerates its quest for semiconductor sovereignty, investors should remain attuned to the evolving landscape, where geopolitical tensions intersect with technological ambitions.
Read Next: <a href="https://www.benzinga.com/news/24/04/38312330/mistake-on-top-of-a-mistake-china-slams-us-probe-into-its-maritime-and-shipbuilding-sectors">&#8216;Mistake On Top Of A Mistake&#8217;: China Slams US Probe Into Its Maritime And Shipbuilding Sectors</a>
Image: Shutterstock

Asia

Emerging Markets

Exclusives

Interview

HHUSF

KraneShares Trust KraneShares CICC China 5G and Semiconductor Index ETF

KFVG

EXCLUSIVE: KraneShares CIO Talks Intel And AMD, As China Seeks Semiconductor Self-Sufficiency

To gain an edge, this is what you need to know today.
<img alt="" src="https://thearorareport.com/wp-content/uploads/2024/04/2024-04-18_07h56_52.png" style="height:405px; width:700px" />
<h3>Insatiable Demand For AI Chips</h3>
Please <a href="https://thearorareport.com/stock-market-chart-analysis-insatiable-demand-ai-chips-broadening-top-pattern-tsm-mc-04182024">click here</a> for an enlarged&nbsp;chart of VanEck Semiconductor ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smh#NASDAQ">SMH</a>).
Note the following:
<ul>
<li>This is an important chart for three reasons.
<ul>
<li>Semiconductors are the epicenter of the AI revolution.</li>
<li>Semiconductors are the leading sector in the stock market.</li>
<li>Semiconductors often provide an early indication of upcoming stock market moves.</li>
</ul>
</li>
<li>The chart shows a broadening top formation.&nbsp;This is a negative.</li>
<li>The chart shows a big drop in semiconductors yesterday after ASML Holding NV (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asml#NASDAQ">ASML</a>) earnings.&nbsp;Please see <a href="https://blog.thearorareport.com/powell-shifts-041724/">yesterday&rsquo;s article</a> for details.</li>
<li>Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tsm#NYSE">TSM</a>) reported earnings better than consensus and whisper numbers.&nbsp;Earnings from TSM are important because TSM is the biggest independent semiconductor foundry and manufactures chips for NVIDIA Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>), Advanced Micro Devices, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amd#NASDAQ">AMD</a>), and Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>).&nbsp; As full disclosure, AAPL and NVDA are in The Arora Report&#39;s ZYX Buy Model Portfolio.</li>
<li>The chart shows that last time when TSM reported earnings, semiconductors broke out.</li>
<li>This time, immediately upon the release of TSM earnings, there was a buying spike, but the buying faded, and the reaction is now muted, as shown on the chart.</li>
<li>TSM expects about 20% of its revenue from AI chips by 2028 and about 10% of its revenue this year to be from AI.</li>
<li>Of importance is that TSM says that it plans to maintain its capital expenditure of $28B - $32B this year.
<ul>
<li>This is an important data point because after ASML earnings yesterday, many analysts were projecting a drop in capital expenditure on semiconductor manufacturing equipment.</li>
</ul>
</li>
<li>The new data point is that TSM CEO C.C. Wei said that there is an insatiable AI related demand for energy efficient computing power.&nbsp;To some investors, the data from ASML earnings and TSM earnings is contradictory.&nbsp;Prudent investors know that the stock market always has crosscurrents with contradictory data points.&nbsp;Prudent investors pay attention to the data points that support their position and even more attention to the data points that go against their position.&nbsp;In contrast, the momo crowd exaggerates data points that support their position and ignores the data points that go against their position.</li>
<li>The broadening top pattern runs counter to insatiable demand.&nbsp;This again shows crosscurrents.&nbsp;The protection band takes into account hundreds of crosscurrents. </li>
<li>Loretta Mester, Cleveland Fed President, is saying that the Fed should not be in a hurry to cut rates.</li>
<li>There is significant Fed speak ahead.&nbsp;The Fed&rsquo;s John Williams, Michelle Bowman, Susan Collins, and Raphael Bostic are speaking.</li>
<li>Initial jobless claims came at 212K vs. 215K consensus. This indicates that the employment picture is strong.&nbsp;Initial jobless claims is a leading indicator and carries heavy weight in The Arora Report&nbsp;adaptive <a href="https://thearorareport.com/ALLOCATION%2BMODELS.htm">ZYX Asset Allocation Model</a> with inputs in <a href="https://thearorareport.com/unique-zyx-asset-allocation-4/">ten categories</a>.&nbsp;In plain English, adaptiveness means that the model changes itself with market conditions.&nbsp; Please <a href="https://thearorareport.com/unique-zyx-asset-allocation-3/">click here</a> to see how this is achieved.&nbsp;One of the reasons behind The Arora Report&rsquo;s unrivaled performance in both bull and bear markets is the adaptiveness of the model.&nbsp; Most models on Wall Street are static.&nbsp;They work for a while and then stop working when market conditions change.</li>
<li>Yesterday, smart money sold into the strength generated by momo crowd buying.&nbsp;This morning, the momo crowd is aggressively buying the dip.&nbsp;It is yet to be seen how smart money reacts.</li>
<li>Of important note is that money continues to flow out of AAPL.&nbsp;&nbsp;</li>
</ul>
<h3>Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Amazon.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>), Meta Platforms Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>), and Nvidia (NVDA).
In the early trade, money flows are neutral in Alphabet Inc Class C (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) and Microsoft Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>).
In the early trade, money flows are negative in Apple (AAPL) and Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>).
In the early trade, money flows are mixed in SPDR S&amp;P 500 ETF Trust (ARCA:SPY) and Invesco QQQ Trust Series 1 (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>).
<h3>Momo Crowd And Smart Money In Stocks</h3>
The momo crowd is aggressively buying stocks in the early trade.&nbsp;Smart money is inactive in the early trade.
<h3>Gold</h3>
The momo crowd is buying gold in the early trade.&nbsp;Smart money is inactive in the early trade.
For longer-term, please see gold and silver ratings.
<h3>Oil</h3>
Oil was hit hard yesterday after EIA data showed that inventories were building.
The momo crowd is like a yoyo in oil in the early trade.&nbsp;Smart money is inactive in the early trade.
For longer-term, please see oil ratings.
<h3>Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is trading around $62,000 as of this writing.&nbsp;Many recent retail investors, who were lulled into buying above $70,000 on pitches about bitcoin halving from bitcoin whales&rsquo; propaganda machine, seem disappointed.
<h3>Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp;The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp;If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp;When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp;High beta stocks are the ones that move more than the market.
<h3>Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of seven year duration or less.&nbsp;Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter">Generate Wealth Newsletter</a>.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

$BTC

New Data Point Shows Insatiable Demand For AI Chips But Chart Shows Broadening Top Pattern

<ul>
<li>TSM</li>
<li>TSLA</li>
<li>NVDA</li>
<li>DJT</li>
<li>NFLX</li>
<li>AI</li>
<li>AMD</li>
<li>QQQ</li>
<li>AAPL</li>
<li>CORN</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

CORN

NFLX

Top 10 Trending Stocks On WallStreetBets As Of April 18 2024 (Via Swaggy Stocks)

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>04/19/24</td>
<td>$850.00</td>
<td>$30.6K</td>
<td>18.4K</td>
<td>34.8K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$160.00</td>
<td>$35.0K</td>
<td>4.7K</td>
<td>25.6K</td>
</tr>
<tr>
<td>DOMO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$7.00</td>
<td>$70.3K</td>
<td>2.1K</td>
<td>4.6K</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$960.00</td>
<td>$85.6K</td>
<td>632</td>
<td>2.3K</td>
</tr>
<tr>
<td>TSM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$120.00</td>
<td>$988.5K</td>
<td>536</td>
<td>1.5K</td>
</tr>
<tr>
<td>WOLF</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$25.00</td>
<td>$392.0K</td>
<td>1.7K</td>
<td>1.0K</td>
</tr>
<tr>
<td>AKAM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$95.00</td>
<td>$30.3K</td>
<td>110</td>
<td>930</td>
</tr>
<tr>
<td>WDC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>04/19/24</td>
<td>$71.00</td>
<td>$27.6K</td>
<td>636</td>
<td>834</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$1150.00</td>
<td>$37.5K</td>
<td>383</td>
<td>498</td>
</tr>
<tr>
<td>PD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$22.50</td>
<td>$31.4K</td>
<td>1.9K</td>
<td>440</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a put option sweep with neutral sentiment. It expires in 2 day(s) on April 19, 2024. Parties traded 25 contract(s) at a $850.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $30.6K, with a price of $1225.0 per contract. There were 18446 open contracts at this strike prior to today, and today 34863 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on April 19, 2024. This event was a transfer of 256 contract(s) at a $160.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $35.0K, with a price of $137.0 per contract. There were 4784 open contracts at this strike prior to today, and today 25620 contract(s) were bought and sold. 
• Regarding DOMO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOMO#NASDAQ">DOMO</a>), we observe a put option sweep with bullish sentiment. It expires in 121 day(s) on August 16, 2024. Parties traded 1759 contract(s) at a $7.00 strike. This particular put needed to be split into 88 different trades to become filled. The total cost received by the writing party (or parties) was $70.3K, with a price of $40.0 per contract. There were 2191 open contracts at this strike prior to today, and today 4646 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a put option trade with bearish sentiment. It expires in 2 day(s) on April 19, 2024. Parties traded 30 contract(s) at a $960.00 strike. The total cost received by the writing party (or parties) was $85.6K, with a price of $2856.0 per contract. There were 632 open contracts at this strike prior to today, and today 2391 contract(s) were bought and sold. 
• Regarding TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we observe a put option trade with bearish sentiment. It expires in 247 day(s) on December 20, 2024. Parties traded 1500 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $988.5K, with a price of $659.0 per contract. There were 536 open contracts at this strike prior to today, and today 1513 contract(s) were bought and sold. 
• For WOLF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>), we notice a put option trade that happens to be bullish, expiring in 156 day(s) on September 20, 2024. This event was a transfer of 800 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $392.0K, with a price of $490.0 per contract. There were 1794 open contracts at this strike prior to today, and today 1035 contract(s) were bought and sold. 
• For AKAM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>), we notice a put option trade that happens to be bearish, expiring in 212 day(s) on November 15, 2024. This event was a transfer of 46 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $30.3K, with a price of $660.0 per contract. There were 110 open contracts at this strike prior to today, and today 930 contract(s) were bought and sold. 
• Regarding WDC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>), we observe a put option sweep with neutral sentiment. It expires in 2 day(s) on April 19, 2024. Parties traded 200 contract(s) at a $71.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $27.6K, with a price of $138.0 per contract. There were 636 open contracts at this strike prior to today, and today 834 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a put option trade with bearish sentiment. It expires in 2 day(s) on April 19, 2024. Parties traded 10 contract(s) at a $1150.00 strike. The total cost received by the writing party (or parties) was $37.5K, with a price of $3750.0 per contract. There were 383 open contracts at this strike prior to today, and today 498 contract(s) were bought and sold. 
• For PD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PD#NYSE">PD</a>), we notice a call option sweep that happens to be bullish, expiring in 30 day(s) on May 17, 2024. This event was a transfer of 331 contract(s) at a $22.50 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $31.4K, with a price of $95.0 per contract. There were 1984 open contracts at this strike prior to today, and today 440 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AKAM

DOMO

MSTR

In today's fast-paced and competitive business landscape, it is essential for investors and industry enthusiasts to thoroughly analyze companies before making investment decisions. In this article, we will conduct a comprehensive industry comparison, evaluating Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) against its key competitors in the Semiconductors &amp; Semiconductor Equipment industry. By examining key financial metrics, market position, and growth prospects, we aim to provide valuable insights for investors and shed light on company's performance within the industry.
<h3>Advanced Micro Devices Background</h3>
Advanced Micro Devices designs a variety of digital semiconductors for markets such as PCs, gaming consoles, data centers, industrial, and automotive applications, among others. AMD's traditional strength was in central processing units, CPUs, and graphics processing units, or GPUs, used in PCs and data centers. Additionally, the firm supplies the chips found in prominent game consoles such as the Sony PlayStation and Microsoft Xbox. In 2022, the firm acquired field-programmable gate array, or FPGA, leader Xilinx to diversify its business and augment its opportunities in key end markets such as the data center and automotive.
<table>
<thead>
<tr>
<th>Company</th>
<th>P/E</th>
<th>P/B</th>
<th>P/S</th>
<th>ROE</th>
<th>EBITDA (in billions)</th>
<th>Gross Profit (in billions)</th>
<th>Revenue Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>Advanced Micro Devices Inc</td>
<td>308.30</td>
<td>4.72</td>
<td>11.71</td>
<td>1.2%</td>
<td>$1.22</td>
<td>$2.91</td>
<td>10.16%</td>
</tr>
<tr>
<td>NVIDIA Corp</td>
<td>73.27</td>
<td>50.85</td>
<td>35.79</td>
<td>32.23%</td>
<td>$14.56</td>
<td>$16.79</td>
<td>265.28%</td>
</tr>
<tr>
<td>Broadcom Inc</td>
<td>49.38</td>
<td>8.76</td>
<td>14.92</td>
<td>2.81%</td>
<td>$4.61</td>
<td>$7.38</td>
<td>34.17%</td>
</tr>
<tr>
<td>Qualcomm Inc</td>
<td>24.04</td>
<td>8.16</td>
<td>5.22</td>
<td>12.4%</td>
<td>$3.58</td>
<td>$5.62</td>
<td>4.99%</td>
</tr>
<tr>
<td>Intel Corp</td>
<td>90.58</td>
<td>1.46</td>
<td>2.81</td>
<td>2.57%</td>
<td>$5.57</td>
<td>$7.05</td>
<td>9.71%</td>
</tr>
<tr>
<td>Texas Instruments Inc</td>
<td>23.70</td>
<td>9.03</td>
<td>8.76</td>
<td>8.14%</td>
<td>$1.98</td>
<td>$2.43</td>
<td>-12.7%</td>
</tr>
<tr>
<td>ARM Holdings PLC</td>
<td>1478.25</td>
<td>25.11</td>
<td>42.77</td>
<td>1.78%</td>
<td>$0.18</td>
<td>$0.79</td>
<td>13.81%</td>
</tr>
<tr>
<td>Analog Devices Inc</td>
<td>34.15</td>
<td>2.67</td>
<td>8.31</td>
<td>1.3%</td>
<td>$1.12</td>
<td>$1.47</td>
<td>-22.68%</td>
</tr>
<tr>
<td>Microchip Technology Inc</td>
<td>20.08</td>
<td>6.56</td>
<td>5.54</td>
<td>5.97%</td>
<td>$0.75</td>
<td>$1.12</td>
<td>-18.6%</td>
</tr>
<tr>
<td>STMicroelectronics NV</td>
<td>9.04</td>
<td>2.17</td>
<td>2.20</td>
<td>6.69%</td>
<td>$1.5</td>
<td>$1.95</td>
<td>-3.21%</td>
</tr>
<tr>
<td>Monolithic Power Systems Inc</td>
<td>74.78</td>
<td>15.55</td>
<td>17.54</td>
<td>4.85%</td>
<td>$0.12</td>
<td>$0.25</td>
<td>-1.3%</td>
</tr>
<tr>
<td>ON Semiconductor Corp</td>
<td>13.23</td>
<td>3.57</td>
<td>3.50</td>
<td>7.37%</td>
<td>$0.79</td>
<td>$0.94</td>
<td>-4.06%</td>
</tr>
<tr>
<td>GLOBALFOUNDRIES Inc</td>
<td>26.12</td>
<td>2.38</td>
<td>3.60</td>
<td>2.53%</td>
<td>$0.73</td>
<td>$0.53</td>
<td>0.11%</td>
</tr>
<tr>
<td>ASE Technology Holding Co Ltd</td>
<td>21.58</td>
<td>2.55</td>
<td>1.30</td>
<td>4.45%</td>
<td>$29.8</td>
<td>$25.76</td>
<td>-9.49%</td>
</tr>
<tr>
<td>United Microelectronics Corp</td>
<td>10.24</td>
<td>1.72</td>
<td>2.80</td>
<td>3.72%</td>
<td>$25.78</td>
<td>$17.81</td>
<td>-3.7%</td>
</tr>
<tr>
<td>First Solar Inc</td>
<td>22.35</td>
<td>2.77</td>
<td>5.60</td>
<td>5.38%</td>
<td>$0.47</td>
<td>$0.5</td>
<td>15.58%</td>
</tr>
<tr>
<td>Skyworks Solutions Inc</td>
<td>17.55</td>
<td>2.55</td>
<td>3.42</td>
<td>3.76%</td>
<td>$0.37</td>
<td>$0.51</td>
<td>-9.61%</td>
</tr>
<tr>
<td>Lattice Semiconductor Corp</td>
<td>40.57</td>
<td>14.92</td>
<td>14.23</td>
<td>14.98%</td>
<td>$0.05</td>
<td>$0.12</td>
<td>-3.05%</td>
</tr>
<tr>
<td>Universal Display Corp</td>
<td>36.31</td>
<td>5.04</td>
<td>12.72</td>
<td>4.36%</td>
<td>$0.08</td>
<td>$0.12</td>
<td>-6.34%</td>
</tr>
<tr>
<td>MACOM Technology Solutions Holdings Inc</td>
<td>96.01</td>
<td>7.03</td>
<td>11.45</td>
<td>1.27%</td>
<td>$0.03</td>
<td>$0.09</td>
<td>-12.75%</td>
</tr>
<tr>
<td>Rambus Inc</td>
<td>19.50</td>
<td>6.14</td>
<td>14.11</td>
<td>5.87%</td>
<td>$0.07</td>
<td>$0.1</td>
<td>-0.12%</td>
</tr>
<tr>
<td>Average</td>
<td>109.04</td>
<td>8.95</td>
<td>10.83</td>
<td>6.62%</td>
<td>$4.61</td>
<td>$4.57</td>
<td>11.8%</td>
</tr>
</tbody>
</table>
<style>
 table {
 width: 100%;
 border-collapse: collapse;
 font-family: Arial, sans-serif;
 font-size: 14px;
 }

 th, td {
 padding: 8px;
 text-align: left;
 }

 th {
 background-color: #293a5a;
 color: #fff;
 text-align: left;
 }

 tr:nth-child(even) {
 background-color: #f2f4f8;
 }

 tr:hover {
 background-color: #e1e4ea;
 }

 td:nth-child(3), td:nth-child(5) {
 text-align: left;
 }

 .dividend-amount {
 font-weight: bold;
 color: #0d6efd;
 }

 .dividend-frequency {
 font-size: 12px;
 color: #6c757d;
 }
 </style>Through an analysis of Advanced Micro Devices, we can infer the following trends: 
<ul>
<li>
The Price to Earnings ratio of 308.3 for this company is 2.83x above the industry average, indicating a premium valuation associated with the stock.
</li>
<li>
The current Price to Book ratio of 4.72, which is 0.53x the industry average, is substantially lower than the industry average, indicating potential undervaluation.
</li>
<li>
With a relatively high Price to Sales ratio of 11.71, which is 1.08x the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
With a Return on Equity (ROE) of 1.2% that is 5.42% below the industry average, it appears that the company exhibits potential inefficiency in utilizing equity to generate profits.
</li>
<li>
The company has lower Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $1.22 Billion, which is 0.26x below the industry average. This potentially indicates lower profitability or financial challenges.
</li>
<li>
With lower gross profit of $2.91 Billion, which indicates 0.64x below the industry average, the company may experience lower revenue after accounting for production costs.
</li>
<li>
The company's revenue growth of 10.16% is significantly lower compared to the industry average of 11.8%. This indicates a potential fall in the company's sales performance.
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713366041_0.png" alt="debt to equity" />
The debt-to-equity (D/E) ratio assesses the extent to which a company relies on borrowed funds compared to its equity.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
When examining Advanced Micro Devices in comparison to its top 4 peers with respect to the Debt-to-Equity ratio, the following information becomes apparent:
<ul>
<li>
When considering the debt-to-equity ratio, Advanced Micro Devices exhibits a stronger financial position compared to its top 4 peers.
</li>
<li>
This indicates that the company has a favorable balance between debt and equity, with a lower debt-to-equity ratio of 0.05, which can be perceived as a positive aspect by investors.
</li>
</ul>
<h3>Key Takeaways</h3>
The high PE ratio of Advanced Micro Devices indicates that investors are willing to pay a premium for its earnings compared to its peers in the Semiconductors &amp; Semiconductor Equipment industry. The low PB ratio suggests that the market values the company's assets at a lower price relative to its stock price. With a high PS ratio, Advanced Micro Devices is generating more revenue per dollar of market cap compared to industry peers. On the other hand, the low ROE, EBITDA, gross profit, and revenue growth indicate that the company may be less efficient in generating profits and growth compared to its industry counterparts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Comparing Advanced Micro Devices With Industry Competitors In Semiconductors &amp; Semiconductor Equipment Industry

KLAC

LRCX

Shares of semiconductor stocks are trading lower. The sector may be down in sympathy with ASML, which reported worse-than-expected Q1 financial results.

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The artificial intelligence (AI) hype is fueling the market to new highs. As per a&nbsp;<a href="https://www.pwc.com/gx/en/issues/data-and-analytics/publications/artificial-intelligence-study.html" target="_blank">report from PwC</a>, AI could contribute $15.7 trillion to the global economy by 2030.&nbsp;And&nbsp;the&nbsp;greatest&nbsp;economic gains will be in China and North America. Nasdaq and S&amp;P 500 hit new highs driven by the soaring &ldquo;Magnificent Seven&rdquo;.&nbsp;If&nbsp;you are not investing in the multibagger <a href="https://investorplace.com/industries/technology/artificial-intelligence/">AI stocks</a>, you are missing out on&nbsp;big&nbsp;gains.&nbsp;



These companies continue to dominate the market and remain the best in the industry. However, other AI companies are overlooked&nbsp;right&nbsp;now and could become multi-baggers in the long term. If you missed the chance to own one of the Magnificent Seven, you can still buy AI stocks&nbsp;that&nbsp;are&nbsp;set&nbsp;to grow. 



Let&rsquo;s&nbsp;take a&nbsp;look at three AI stocks that are multi-baggers in the making. These companies have made&nbsp;big&nbsp;moves in 2023 and could be on a roll this year.&nbsp;



<h2>Palantir Technologies (PLTR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/pltr_palantir_1600-300x169.png" alt="Palantir (PLTR) logo on data network background, imaginary location in the future. Must-Buy Stocks on Major Deals"><div>Source: Spyro the Dragon / Shutterstock.com</div></div>An emerging leader in the&nbsp;big&nbsp;data space,&nbsp;Palantir Technologies&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/pltr-stock-quote/">PLTR</a>)&nbsp;sold its products to the government for many years.&nbsp;However, after it announced the AI platform (<a href="https://investorplace.com/stock-quotes/aip-stock-quote/">AIP</a>), changes began for the company.&nbsp;



To promote the platform, the tech company offered boot camps&nbsp;which&nbsp;helped convert the leads into clients. Palantir&nbsp;Technologies managed to close <a href="https://www.reuters.com/technology/palantir-forecasts-strong-2024-profit-robust-ai-demand-2024-02-05/">103 deals</a> worth at least $1 million in the fourth quarter. Also, the management mentioned&nbsp;that there was&nbsp;a backlog of bootcamps. These may continue to drive revenue growth.&nbsp;



The success of its AI platform has helped PLTR stock soar 158% in the year and 26% year-to-date (YTD).&nbsp;Trading at $22 today, the stock has pulled back lately. 



The company is integrating AI across its products and services.&nbsp;Also,&nbsp;the surge in commercial clients&nbsp;is further proof of&nbsp;the platform&rsquo;s success. Palantir&nbsp;Technologies saw a <a href="https://investors.palantir.com/news-details/2024/Palantir-Reports-Its-Fifth-Consecutive-Quarter-of-GAAP-Profitability-Fourth-Quarter-GAAP-EPS-of-0.04/">70% surge in U.S. commercial revenue</a> in Q4, leading to a 19% stock surge.&nbsp;



For the first quarter, management&nbsp;is aiming&nbsp;for revenue in the range of $612 &ndash; $616 million, up from $608 million in Q4. Palantir&nbsp;Technologies&nbsp;is set&nbsp;to <a href="https://investors.palantir.com/news-details/2024/Palantir-Reports-Its-Fifth-Consecutive-Quarter-of-GAAP-Profitability-Fourth-Quarter-GAAP-EPS-of-0.04/">report results on May 6</a>.&nbsp;



Generating&nbsp;significant&nbsp;revenue from government contracts, a Palantir&nbsp;Technologies investment can be a safe way to dip your toes into AI.&nbsp;Thus, it&rsquo;s one stock that can <a href="https://investorplace.com/2024/04/3-stocks-to-buy-to-double-your-money-april-2024-edition/">double your money</a> by 2025.&nbsp;



<h2>Advanced Micro Devices (AMD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/12/amd1600-1-300x169.png" alt="Advanced Micro Devices, Inc. (AMD) logo in the building at CNE in Toronto. AMD is an American semiconductor company."><div>Source: JHVEPhoto / Shutterstock.com</div></div>The biggest competitor of Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>), Advanced Micro Devices&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/amd-stock-quote/">AMD</a>)&nbsp;is leaving no stone unturned to grow its market share. After launching MI300X, the company recently&nbsp;<a href="https://www.cnbc.com/2024/04/16/amd-launches-new-chips-for-ai-pcs-amid-fierce-fight-with-nvidia-intel.html#:~:text=Referring%20to%20them%20as%20the,the%20advanced%204-nanometer%20technology." target="_blank">unveiled new chips&nbsp;</a>to beat the competition.&nbsp;



Calling them the most powerful chips for business PCs, the company said&nbsp;that its&nbsp;Ryzen Pro 8040 processors and Ryzen Pro 8000 processors&nbsp;are built&nbsp;with the latest nanometer technology. 



Also, AI-enabled PCs can help improve the market for desktops and laptops. Further, the company has&nbsp;strong&nbsp;financials and <a href="https://ir.amd.com/news-events/press-releases/detail/1180/amd-reports-fourth-quarter-and-full-year-2023-financial">reported a revenue of $6.17 billion</a> in Q4&nbsp;with an EPS of 77 cents.&nbsp;For this year, it is aiming&nbsp;for <a href="https://www.tomshardware.com/pc-components/cpus/amds-announces-it-has-orders-for-dollar35-billion-of-its-ai-gpus-but-the-stock-tumbled-in-after-hours-trading">AI chip sales of $3.5 billion</a>.&nbsp;



Already, AMD has won the confidence of some of the biggest companies. Specifically,&nbsp;Microsoft&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>) and Meta Platforms&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/meta-stock-quote/">META</a>)&nbsp;have shown interest in using the MI300X accelerator microchips. Several companies lack time and resources to wait for Nvidia&rsquo;s chips. So, they consider its biggest competitor, AMD.&nbsp;



Trading at $152 today, AMD is up 69% in the year and 7% YTD. With increasing AI demand, the company could see higher revenue growth. <a href="https://www.tipranks.com/news/amd-stock-could-rebound-to-200-says-top-analyst-matt-ramsay#" target="_blank">TD Cowen analyst</a>&nbsp;has a price target of $200 over the next 12 months with a buy rating. 



<h2>Oracle (ORCL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/orcl-stock-2-300x169.jpg" alt="A photo of an Oracle (ORCL stock) sign outside a building."><div>Source: Jer123 / Shutterstock.com</div></div>An overlooked AI stock, Oracle&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/orcl-stock-quote/">ORCL</a>)&nbsp;has&nbsp;a rich history as legacy software developer.&nbsp;The company is making the most of the AI revolution. Expanding capacity at the current data centers, it stands ready for tremendous growth over the next five years. The company will&nbsp;<a href="https://www.reuters.com/technology/oracle-invest-over-8-bln-japan-cloud-computing-ai-2024-04-18/" target="_blank">invest $8 billion</a>&nbsp;through 2034 in Japan for AI infrastructure and cloud services.



Additionally, Oracle has global expansion plans, striking a partnership with Microsoft to build&nbsp;<a href="https://blogs.oracle.com/cloud-infrastructure/post/oracle-microsoft-deliver-oracle-database-at-azure" target="_blank">100 new data centers</a>. This will help meet the rising demand for Microsoft&rsquo;s Azure. The union extends across multiple countries. Also, Oracle has&nbsp;entered into a&nbsp;<a href="https://www.oracle.com/at/news/announcement/oracle-and-palantir-join-forces-to-deliver-mission-critical-ai-solutions-to-governments-and-businesses-2024-04-04/" target="_blank">partnership&nbsp;with Palantir</a>&nbsp;to provide cloud infrastructure and AI solutions to companies.&nbsp;



And, another&nbsp;interesting&nbsp;<a href="https://www.oracle.com/in/news/announcement/nvidia-chooses-oracle-cloud-infrastructure-for-ai-services-2023-03-21/" target="_blank">partnership with&nbsp;Nvidia</a>&nbsp;allows both companies to join forces to run Nvidia&rsquo;s applications on Oracle cloud infrastructure. These partnerships show Oracle&rsquo;s potential and&nbsp;ability to offer solutions that meet changing industry demand.&nbsp;



Oracle <a href="https://investor.oracle.com/investor-news/news-details/2024/Oracle-Announces-Fiscal-2024-Third-Quarter-Financial-Results/default.aspx#:~:text=Q3%20GAAP%20earnings%20per%20share%20was%20%240.85%20while%20non-GAAP,cash%20flow%20was%20%2412.3%20billion.">reported impressive growth</a> in Q3 results&nbsp;with a revenue of $13.3 billion, up 7% year-over-year (YOY), and an operating income of $3.8 billion.&nbsp;Its backlog was up 29% and stood at $80 billion, a record high.&nbsp;



Therefore, I&rsquo;m optimistic that the company will beat expectations in the upcoming results.&nbsp;Trading at $115, ORCL stock looks undervalued to me and could become a multi-bagger in the next five years.&nbsp;



On the date of publication, Vandita Jadeja did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a>
<div>Vandita Jadeja is a CPA and a freelance financial copywriter who loves to read and write about stocks. She believes in buying and holding for long term gains. Her knowledge of words and numbers helps her write clear stock analysis.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/3-ai-stocks-that-could-be-multibaggers-in-the-making-april-edition/">3 AI Stocks That Could Be Multibaggers in the Making: April Edition</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 AI Stocks That Could Be Multibaggers in the Making: April Edition

A sharp selloff engulfed the semiconductor sector last week with all 15 stocks in our Semiconductor Portfolio going down 10.3%, on average, led by Nvidia which declined 13.6%. This article has the details.

Semiconductor Stocks Tanked Last Week Led By Nvidia's 13.6% Decline

Buy-the-dip mentality holds strong during market selloff - IBKR

Nvidia: No Reason For An AI Panic

Earnings season is heating up with several of the tech giants poised to deliver their latest quarterly results this week. However, ahead of some bi...

Nvidia and AMD: Evercore Selects the Best AI Stocks to Buy

Analysts fell to the sidelines weighing in on Advanced Micro Devices (AMD – Research Report) and Vicor (VICR – Research Report) with neutral rating...

Analysts Are Neutral on These Technology Stocks: Advanced Micro Devices (AMD), Vicor (VICR)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Artificial intelligence (AI) is one of the most exciting markets right now due to the seemingly unlimited potential of its applications in businesses everywhere. Many large companies are making massive <a href="https://www.statista.com/chart/31314/global-corporate-investment-in-artificial-intelligence/">investments </a>to integrate AI into their platforms and services to stay ahead of the charge and offer customers the latest and greatest edition tech has to offer.



The three stocks we will examine today are currently on a dip and trading at a lower price than their actual value. When stocks dip due to volatility or other short-term events, investors have an excellent opportunity to buy when the stock is cheaper and see significant profits when it bounces back to its former price.



We&rsquo;ll detail why these three <a href="https://investorplace.com/industries/technology/artificial-intelligence/">AI stocks</a> are so prominent in today&rsquo;s AI market and why the dips they are facing now give investors a chance to profit from their inevitable future growth.



<h2>C3.ai (AI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/02/c3ai-ai-stock-1600-300x169.jpg" alt="C3.ai (AI) logo on a smartphone with computer screen showing graph in background, symbolizing AI stock"><div>Source: shutterstock.com/Below the Sky</div></div>C3.ai (NYSE:<a href="https://investorplace.com/stock-quotes/ai-stock-quote/">AI</a>) is unique to the other stocks on this list as the company is dedicated entirely to AI software for businesses. It offers AI software-as-a-service to assist other companies looking to integrate AI <a href="https://c3.ai/c3-ai-platform/">platforms</a> into their operations.&nbsp;



The potential applications of C3.ai&rsquo;s software are near the point where it is limited only by the imagination and vision of the company utilizing it. Because of the extensive range of uses possible within C3.ai&rsquo;s AI development platform, the company has no peers that offer a similar service that makes up direct competition.



Despite its state-of-the-art AI software and lack of competition, C3.ai has been on the dip since late February. The stock has fallen over 40% this year and sits at just over $21, almost half its peak earlier this year.&nbsp;



C3.ai has taken a hit this year due to inflation affecting businesses&rsquo; spending power. However, despite these headwinds, the company is not showing a weak performance. The company&rsquo;s most recent earnings <a href="https://ir.c3.ai/news-releases/news-release-details/c3-ai-announces-third-quarter-fiscal-2024-financial-results">report </a>showed a year-over-year revenue increase of 18% and a 58% profit margin.&nbsp;



While the company could improve its earnings and is priced low, there is no reason not to believe that C3.ai will be one of the first companies to benefit from businesses&rsquo; increasing demand for AI platforms.&nbsp;



<h2>Crowdstrike (CRWD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/crwd-1600-300x169.jpg" alt="A sign with the Crowdstrike (CRWD) company logo"><div>Source: VDB Photos / Shutterstock.com</div></div>Crowdstrike (NASDAQ:<a href="https://investorplace.com/stock-quotes/crwd-stock-quote/">CRWD</a>) is one of the most prominent cybersecurity companies to date and is also leading the charge in incorporating AI into its platform. Its generative AI analyst, <a href="https://www.crowdstrike.com/falcon-platform/artificial-intelligence-and-machine-learning/">Charlotte AI</a>, offers advanced features as part of the company&rsquo;s leading Falcon platform.



The company has seen a stellar performance since the summer of 2023 when the stock shot up 300% to reach its all-time <a href="https://www.macrotrends.net/stocks/charts/CRWD/crowdstrike/stock-price-history">high </a>in February of this year. In fiscal 2024, the company generated over $3 billion in <a href="https://ir.crowdstrike.com/news-releases/news-release-details/crowdstrike-reports-fourth-quarter-and-fiscal-year-2024">revenue </a>and generated free cash flow of $938.2 million.&nbsp;



Subscription revenue accounts for almost all of the company&rsquo;s income and has some of the highest retention and adoption rates in the cybersecurity sector. While the company&rsquo;s <a href="https://ir.crowdstrike.com/news-releases/news-release-details/crowdstrike-reports-fourth-quarter-and-fiscal-year-2024">outlook </a>expects another $1 billion increase in revenue over the next year, to much surprise, the stock has fallen over $40 in the past month.



Considering Crowdstrike has been one of the most expensive <a href="https://investorplace.com/industries/technology/cybersecurity/">cybersecurity stocks</a>, a dip like this presents an exceedingly rare opportunity for interested investors. While the stock may dip further with such a high valuation, there is a likelihood Crowdstrike will see another leap in the years to come. That makes the current dip a one-of-a-kind chance.



<h2>Advanced Micro Devices (AMD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/amd_stock1600-2-300x169.png" alt="Sign of AMD office in Markham, Ontario, Canada. Advanced Micro Devices, Inc. is an American multinational semiconductor company."><div>Source: JHVEPhoto / Shutterstock.com</div></div>Advanced Micro Devices (NASDAQ:<a href="https://investorplace.com/stock-quotes/amd-stock-quote/">AMD</a>) is undoubtedly a force to be reckoned with. It is a stock that has been on many investors&rsquo; lists over the past few years. The AI chip manufacturer is second only to tech giant Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) but is in a fantastic position to capitalize on the growing demand for AI chips.&nbsp;



This past month, investors had a golden opportunity to buy AMD on the dip. The stock fell almost 20% due to volatility and macroeconomic headwinds. While AMD does not have as much market share as Nvidia, its products are up to par &mdash; some might say even better.



AI chips allow users to extract the processing power necessary to run through the enormous amounts of data required for AI applications. While Nvidia&rsquo;s H100 chips are exceedingly popular, AMD&rsquo;s MI300 chips are even more <a href="https://www.semianalysis.com/p/amd-mi300-performance-faster-than">powerful</a>. AMD also offers open-source software that pairs with the chips, which claims to provide better accessibility to users than Nvidia&rsquo;s software. AMD has profitable <a href="https://www.cnbc.com/2023/12/06/meta-and-microsoft-to-buy-amds-new-ai-chip-as-alternative-to-nvidia.html">deals </a>with monster companies like Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>) and Meta Platforms (NASDAQ:<a href="https://investorplace.com/stock-quotes/meta-stock-quote/">META</a>) for its chips, ensuring a steady income stream. With the coming boom in AI, AMD will certainly be at the forefront. Its current low price is something any investor should keep an eye on this year.



On the date of publication, Joel Lim did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Joel Lim is a finance freelance writer who writes content for several companies like LTSE and Realtor, along with financial publications, including Mises Institute and Foundation for Economic Education.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/3-ai-stocks-to-buy-on-the-dip-april-2024/">3 AI Stocks to Buy on the Dip: April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 AI Stocks to Buy on the Dip: April 2024

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Advanced Micro Devices (NASDAQ:<a href="https://investorplace.com/stock-quotes/amd-stock-quote/">AMD</a>) stock is perhaps best known as the key rival to the king of chips &mdash; Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>). AMD has fallen behind Nvidia since the AI surge. Cooler heads are assessing this sector for good reason.



AMD dominates the personal computing market, with $3.5 billion expected from their Mi300 GPU accelerator alone. Analysts foresee AMD&rsquo;s robust growth, despite Beijing&rsquo;s plan to phase out AMD chips from government PCs and servers.&nbsp;



The recent decline in AMD stock presents an attractive entry point. HSBC <a href="https://www.barrons.com/articles/amd-stock-nvidia-ai-upgrade-5760ee3c">upgraded AMD to &ldquo;Buy,&rdquo;</a> citing the potential of its next-gen AI chips to compete with Nvidia&rsquo;s Blackwell line.&nbsp;Here&rsquo;s why I think that call is on point. 



<h2>AMD Stock By the Numbers</h2>



AMD has experienced a remarkable recovery since hitting a low in 2015, driven by new products and increased profitability. The stock soared for six years but declined in late 2021 because of a PC sales downturn. 



However, AMD has made a comeback, surging in 2023 due to its AI chip launch for data centers. This has placed the company in tight competition with both Intel (NASDAQ:<a href="https://investorplace.com/stock-quotes/intc-stock-quote/">INTC</a>) and Nvidia in the overall chip market.



In 2014, Lisa Su became CEO of AMD and has been the brains behind the transformation of Ryzen PC processors and Epyc server chips. Under her, AMD surpassed Intel in making CPUs at smaller node sizes, now at four nanometers. 



Su oversaw significant acquisitions: <a href="https://www.investors.com/news/technology/amd-stock-rises-as-chipmaker-completes-xilinx-acquisition/">Xilinx in February 2022 for $49 billion</a>, expanding into data centers, and Pensando Systems in May 2022 for $1.9 billion, enhancing data center capabilities.&nbsp;



AMD&rsquo;s total addressable market grew to $300 billion from $79 billion in 2020, with projected profit margin improvements, 20% compound annual sales growth for the next three to four years, and rising stock prices.



Its shares surged 68% in a year, driven by AI potential. Sympathy capital appreciation upside has been tied to Nvidia&rsquo;s success, also boosting AMD stock. Nvidia dominated the AI GPU market, but AMD aims to challenge it with its own AI GPUs and AI-powered PCs.



AMD introduced Ryzen Pro 8000 for desktops and laptops on April 16, making it the sole provider of AI-powered NPUs in business PCs. With rising AI demand, AMD anticipates significant growth.



<h2>ASUS Confirms Motherboards Will Support Ryzen Zen 5</h2>



In other AMD news, a <a href="https://overclock3d.net/news/cpu_mainboard/asus-am5-motherboards-ready-for-amds-next-gen-ryzen-cpus/">partnership between AMD and ASUS</a> involved the computer company providing 600-series AM5 motherboards ready for AMD&rsquo;s next-gen Ryzen CPU. This also includes the Ryzen 9000 series.



The performance of AMD&rsquo;s next-gen AM5 processors remains speculative. Leaks suggest the Zen 5 chip could offer up to 40% performance gains, but its legitimacy is still being determined. Rumors indicate core/thread counts may remain unchanged, suggesting gains will focus on single-threaded performance.



There are 44 ASUS AM5 motherboards listed, covering the entire lineup. Expect better designs for next-gen Ryzen Zen 5 CPUs. Existing motherboards will be fully compatible. The AM5 platform is also committed to AMD until next year, ensuring support for another CPU generation.&nbsp;



Moreover, the Zen 5 Ryzen CPU can also improve performance and features over the 7000 series. It is anticipated to debut during the Computex 2024 and launch mid 2024.



<h2>AI Chips for Business Computers and Laptops</h2>



AMD introduced new <a href="https://www.reuters.com/technology/amd-introduces-ai-chips-business-laptops-desktops-2024-04-16/">AI-enabled chips for business laptops and desktops</a>, launching with HP and Lenovo in Q2 2024. These chips allow PCs to run large-language models and apps directly, which is expected to boost the PC market. Increased demand for advanced semiconductors is driven by generative AI technology.



AMD competes fiercely with Intel and Nvidia in the AI PC market, known for its GPU leadership. In January, AMD launched the Ryzen 8000G Series desktop chips, aimed at AI tasks with heavy workloads. 



On the same day, Nvidia introduced its &ldquo;GeForce RTX SUPER&rdquo; desktop GPUs, with Acer, ASUS, Dell Technologies, HP, Lenovo, and Samsung set to release AI laptops featuring its technology.



For long-term investors looking for a chip stock with AI tail winds, but a strong core business that should continue to outperform, AMD remains a top pick of mine for this reason.



On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Chris MacDonald&rsquo;s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/04/amds-secret-sauce-why-this-chip-underdog-is-poised-to-dethrone-nvidia/">AMD&#8217;s Secret Sauce: Why This Chip Underdog Is Poised to Dethrone Nvidia</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

AMD's Secret Sauce: Why This Chip Underdog Is Poised to Dethrone Nvidia

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Advanced Micro Devices&nbsp; (NASDAQ:<a href="https://investorplace.com/stock-quotes/amd-stock-quote/">AMD</a>) stock isn&rsquo;t an also-ran Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) in terms of capabilities, though Nvidia&rsquo;s high-performance chips do take the cake in terms of performance. Both companies have found success in this large market, leading to recent all-time highs for their stocks. 



Recent news of China&rsquo;s plan to remove foreign-made chips from its telecom systems by 2027 is making investors hesitant. The government told telecom providers to stop using chips from Intel and AMD. Let&rsquo;s dive into what investors may want to consider with this particular headwind, and if AMD stock is still a buy in this light.



<h2>China Plans to Replace AMD and Intel</h2>



According to recent reports, China aims to oust foreign chips from its telecom networks by 2027. The Ministry of Industry and Information Technology mandates this replacement, primarily affecting Intel (NASDAQ:<a href="https://investorplace.com/stock-quotes/intc-stock-quote/">INTC</a>) and AMD. This mirrors the US&rsquo;s move against Huawei and restrictions on chip exports to China.



China pivoted to developing its processors, exemplified by Huawei&rsquo;s release of a phone featuring a domestically made 5G chip by SMIC. Questions linger over the performance of China&rsquo;s chips compared to Nvidia, Intel, and AMD. 



China&rsquo;s strategy to exclude foreign chipmakers may impact Intel and AMD&rsquo;s revenue, with 27% and 15%, respectively, from China in 2023.



<h2>New AI PC Chips and AMD Stock</h2>



Even though China plans to wipe out AMD chips, I don&rsquo;t think it will significantly affect the company.&nbsp;



In fact, AMD introduced <a href="https://www.cnbc.com/2024/04/16/amd-launches-new-chips-for-ai-pcs-amid-fierce-fight-with-nvidia-intel.html">new processors for AI-enabled PCs</a>, aiming to challenge Nvidia and Intel in the AI PC market. These chips will power PCs from HP and Lenovo starting Q2 2024, competing directly with Nvidia&rsquo;s and Intel&rsquo;s offerings. 



Unlike Nvidia, AMD outsources chip fabrication to Taiwan Semiconductor Manufacturing Company (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsmc-stock-quote/">TSMC</a>), which is known for its advanced nanometer technology.



In January, AMD unveiled the Ryzen 8000G series desktop processors, built on a 4-nanometer process, boasting high gaming and content creation performance. 



AMD and Intel emphasized the rise of AI PCs, anticipating increased adoption after ChatGPT&rsquo;s launch in November 2022. 



AMD&rsquo;s president Victor Peng and Intel CEO Pat Gelsinger foresee the AI PC market expanding, with Gelsinger deeming it the highlight of the upcoming year.



<h2>AMD Ryzen Will Be Key to Watch</h2>



AMD unveiled new additions to its commercial mobile and desktop AI PC range on April 16, <a href="https://ir.amd.com/news-events/press-releases/detail/1190/amd-expands-commercial-ai-pc-portfolio-to-deliver">offering enhanced productivity and advanced AI </a>and connectivity features for business users. The Ryzen&trade; PRO 8040 Series is the latest x86 processor designed for business laptops and mobile workstations.&nbsp;



In comparison, the Ryzen PRO 8000 Series desktop processor, which made its debut, is an AI-enabled desktop processor tailored for business users, promising top-notch performance with minimal power consumption.



AMD extends its AI PC dominance with Ryzen AI integration in select models. These processors boast enhanced AI processing power through CPU, GPU, and dedicated on-chip neural processing unit. 



These processors offer up to 16 dedicated NPU TOPS and 39 total system TOPS, enhancing AI-enabled collaboration, content creation, and data analytics.



Additionally, AMD PRO technologies provide enterprise-grade manageability, security features, and platform longevity for simplified IT operations and enhanced security.



<h2>Buy and Hold AMD Stock</h2>



The crucial question remains: Can AMD&rsquo;s M1300 chips sufficiently compete with Nvidia&rsquo;s H100 chips? While AMD&rsquo;s chips excel in specific applications and are more cost-effective, Nvidia maintains market dominance. This suggests a potential shift in perception could greatly benefit AMD.&nbsp;



Thus, AMD stock may either surge forward or continue as a pursuer, both scenarios likely boosting share prices.



On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Chris MacDonald&rsquo;s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/04/amds-ace-up-its-sleeve-why-chinas-chip-crackdown-cant-stop-this-ai-powerhouse/">AMD&#8217;s Ace Up Its Sleeve: Why China&#8217;s Chip Crackdown Can&#8217;t Stop This AI Powerhouse</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

AMD's Ace Up Its Sleeve: Why China's Chip Crackdown Can't Stop This AI Powerhouse

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