AMD Vs. Qualcomm: Semiconductor Showdown Ahead Of Earnings

The battle between Advanced Micro Devices Inc. AMD and Qualcomm Inc. QCOM is heating up as both chipmakers gear up to report earnings.

As AMD struggles to regain momentum, Qualcomm is riding a bullish wave.

Let's break down the numbers and technical signals to see which stock is primed for a stronger move.

AMD: A Chip Giant Under Pressure

AMD stock has had a brutal year, dropping 33.12% over the past 12 months and down 3.40% year-to-date. Wall Street expects fourth quarter earnings of $1.08 per share on revenue of $7.53 billion, but the stock remains trapped in a strongly bearish trend.

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Technically, AMD stock is flashing multiple sell signals as it trades below its eight-day, 20-day, 50-day and 200-day simple moving averages, reinforcing downward momentum. The Moving Average Convergence Divergence (MACD) sits at a negative 2.86, and a Relative Strength Index (RSI) of 43.50 suggests AMD stock is nearing oversold territory.

However, analysts see a silver lining: The most recent ratings from Rosenblatt, Susquehanna and Melius Research set an average price target of $181.33, implying a staggering 57.42% upside.

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Qualcomm: Riding The 5G, AI Wave

Qualcomm stock is on the opposite trajectory, gaining 19.73% in the past year and up 12.24% year-to-date. The company is set to report first quarter earnings on Wednesday, with analysts forecasting $2.96 EPS on $10.92 billion in revenue.

Unlike AMD, Qualcomm's technicals lean bullish.

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QCOM stock trades above its eight-day, 20-day and 50-day moving averages, signaling strength, though it remains below its 200-day SMA. The MACD of 3.57 suggests bullish momentum and an RSI of 62.99 indicates there's still room to run before overbought levels.

Analyst sentiment is more tempered than AMD's, with Barclays, Mizuho and Melius Research setting an average price target of $193.33, implying a 12.75% upside.

The Verdict: Will AMD Or Qualcomm Dominate?

From a technical perspective, Qualcomm holds the edge, boasting bullish momentum and stronger year-to-date gains. AMD, on the other hand, remains in a deep correction but has a high potential upside if it can stage a turnaround.

Investors betting on a rebound may find AMD attractive at these levels, but Qualcomm appears to be the safer pick heading into earnings.

With both companies set to report soon, all eyes are on whether AMD can break out of its slump or if Qualcomm will extend its lead in the semiconductor race.

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