Advanced Micro Devices (AMD) exploded more than 50% Friday, adding over $1 billion to its market cap, on huge volume of over 140 million shares traded. This is just an incredible move for any stock…

Moves like this represent a US investor continuing to target healthcare providers as stocks have rallied across the board in April.

Advanced Micro Devices worth over $3 billion

Advanced Micro Devices‘ market cap increased to over $3 billion at the close of trading Friday.

Advanced Micro Devices’ share price has now more than doubled since hitting a low of $1.61 last July. Its shares have broken way above the 50 day moving average ($2.51 per share), now trading at the highest levels since mid-2014.

Advanced Micro Devices (NASDAQ: AMD) announced on April 21st that revenue for the first quarter of 2016 came it at $832 million, despite an operating loss of $68 million, and net loss of $109 million, or $0.14 per share. The market took the news rather well given Friday’s market action.

Below are some of the company’s Q1 2016 Results:

  • “Q1 2016 was a 13-week fiscal quarter.
  • Revenue of $832 million, down 13 percent sequentially and down 19 percent year-over-year. The sequential decrease was primarily due to lower sales of semi-custom SoCs. The year-over-year decline was primarily due to lower sales of semi-custom SoCs and client notebook processors.
  • Gross margin of 32 percent, up 2 percentage points sequentially, due primarily to a richer product mix and the mix of revenue between business segments.
  • Operating expenses of $344 million, compared to $332 million for the prior quarter. Non-GAAP operating expenses of $332 million, compared to non-GAAP operating expenses of $323 million in Q4 2015, primarily due to increased R&D expenses related to new products, partially offset by lower SG&A expenses.”

Click here to read the entire press release.


Nikhil Gupta, a Seeking Alpha writer, wrote on April 22nd that:

“Owing to the strong momentum that is being witnessed, I would not be surprised if the stock even rallied to $4-$5 per share, but it would take “very constructive” measures to take the stock higher than that. To start with, a higher gross margin in the range of 35% – 40% would be great. The company is banking on ‘Zen’ to drive its gross margin higher.”

Click here to read the entire article.

Advanced Micro Devices’ tops April Stock Challenge Friday

Long-time Pinnacle member and past Stock Challenge Champ ‘mjca’ selected Advanced Micro Devices for April’s Stock Challenge and saw his combined average return jump 25.96%. Advanced Micro Devices outperformed four TSX Venture listed issuers to top all stocks Friday.

Gold and the GDXJ, which has more than doubled in the past few weeks, finally retreated along with the TSX Venture Friday. The miners were long overdue for a consolidation day.

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