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Can AMD’s Stock Finally Surge Past $200? Here’s the Scoop!
As we inch closer to AMD's earnings report on Tuesday, July 30, the big question is: can AMD's stock finally break through the elusive $200 barrier? With a stellar performance in the first quarter of 2024 and optimistic forecasts, $Advanced Micro Devices(AMD)$ is looking like a tantalising investment opportunity. Let’s dive into the company’s recent financial feats, current stock metrics, and future prospects to see if now’s the time to hop on the AMD bandwagon. AMD: Pioneering Future Technology Recent Financial Performance: A Mixed Bag with a Silver Lining AMD’s first-quarter results for 2024 were quite the showstopper. Revenue nudged up by 2% year-over-year to a cool $5.5 billion, just a smidge above analysts’ expectations. Adjusted earnings per
🌟🌟🌟Last week ended on a dour note as US stocks slumped on Friday as businesses around the world scrambled to contain the effects of a disruptive technology outage. All 3 US indexes fell. The Magnificent 7 were not spared. In volatile times like now, $SPDR Portfolio S&P 500 Value ETF(SPYV)$ is a good tactical bet as it is a low cost ETF that seeks to offer exposure to S&P500 companies that could be undervalued relative to the broader market. SPYV tracks the S&P500 Value Index which contains stocks that show the strongest value characteristics based in Book Value to Price ratio, Earnings to Price Ratio and Sales to Price Ratio. The Top 10 holdings include $Berkshire Hat