What's Going On With AMD Stock?

Advanced Micro Devices, Inc. AMD shares are trading lower by 6.54% to $178.19 Tuesday. Shares of semiconductor stocks are trading lower amid this week’s Fed meeting. Investors also assess weakness in SMCI as well as NVIDIA Corp’s Monday GCT announcements.

Additionally, the Bank of Japan’s decision to abandon its long-held negative interest rate policy has potentially added to market unease ahead of the Fed’s decision. With no significant drivers in the market, pre-Fed session nervousness might keep sentiment subdued.

Investors closely watch central bank meetings, such as the Federal Reserve’s FOMC meeting, for any hints about future monetary policy decisions. Any surprises or changes in the expected trajectory of interest rates, as indicated by the “dot plot,” can prompt sharp movements in stock prices as investors adjust their expectations.

See Also: Nvidia ‘1-2 Steps Ahead of Competitors’ After Blackwell GPU Reveal At GTC 2024, Analyst Says

What’s Going On With The Fed?

Investors are eagerly awaiting the upcoming FOMC meeting, viewing it as a significant market event for the first quarter of 2024. While the interest rate decision is expected to remain steady, attention is particularly drawn to the “dot plot,” which outlines the anticipated interest rate trajectory of FOMC members.

Previous plans for rate cuts in 2024 and 2025 are now under scrutiny due to recent inflation data surpassing expectations…Read More

Is AMD A Good Stock To Buy?

Wall Street analysts view Advanced Micro Devices on the whole as an Outperform, given the history of coverage over the past three months. Tom O’Malley from Barclays for Advanced Micro Devices is the most optimistic, expecting a 66.67% rise in the stock in the coming year.

But looking at how the market as a whole thinks of the stock, you can reference historical price action for views on whether investors feel strongly about the stock one way or another. In the past 3 months, Advanced Micro Devices rose 30.86%, which indicates that opinion improved on the business and how attractive it is to own based on either its stock price, or underlying fundamentals, like revenue, which rose 10.16% over the past year.

A complete overview of how Wall Street views individual stocks is available here, while real time updates on the latest analyst actions will be delivered via Benzinga PRO. Try it for free.

AMD has a 52-week high of $227.30 and a 52-week low of $81.02.