Advanced Micro Devices $AMD Stock Bullish Option Flow Detected On January 24 2022

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Bullish option flow was detected in AMD stock on January 24, 2022, even as the stock drops in value.

Bullish Option Flow

Amd Option Flow

Make sure to review this lesson on option flow so that you understand the image above.

Xilinx-AMD deal on course for approval from China’s SAMR, Dealreporter says

On January 20, 2022, AMD’s (AMD) proposed acquisition of Xilinx (XLNX) is on course to be granted approval by China’s State Administration for Market Regulation, or SAMR, “shortly,” sources told Dealreporter, according to contacts.

AMD downgraded to Neutral from Overweight at Piper Sandler

On January 20, 2022, Piper Sandler analyst Harsh Kumar downgraded AMD to Neutral from Overweight with a price target of $130, down from $140. The analyst is cautious on the broader automotive sector saying the pace of orders and strong pricing “may come into question” as supply normalizes in the second half of 2022. Once supply and demand hit parity, it will likely result in a slower pace of orders compared to the pace seen over the last few years, Kumar tells investors in a research note. His downgrade of AMD reflects concerns about a slowdown in the PC market during 2022, the “earnings and growth headwind” from closing the Xilinx deal, and the “broader market dynamics around high-multiple, high-growth technology stocks.” As such, he feels there is more downside risk than upside risk at this point in time.

New AMD Radeon PRO W6000 Series Graphics Unleash High-Efficiency, Powerful CAD Performance for Mainstream Workstation Users

On January 19, 2022, AMD (NASDAQ: AMD) announced new additions to the AMD Radeon™ PRO W6000 Series desktop and mobile workstation graphics lineup, designed to deliver exceptional performance, stability and reliability for professional users, including CAD designers, engineers and office knowledge workers.

The new AMD Radeon PRO W6400 graphics card is built on the high-performance, energy efficient AMD RDNA™ 2 graphics architecture and advanced 6nm manufacturing process technology, with 16MB of high-bandwidth, low-latency AMD Infinity Cache™ memory technology acting as a bandwidth amplifier. Offering an ideal blend of performance and efficiency at an affordable price, the new graphics card is optimized for the requirements of today’s popular CAD and office productivity applications in a compact design that can be easily added to modern small-form-factor desktops.

Compared to the previous generation, the AMD Radeon PRO W6400 graphics card delivers up to three times higher performance1 in Autodesk AutoCAD© 2022 during 3D orbit rotational tests in shaded modes. It also offers up to 87 percent higher performance2 in McNeel Rhino using the Holomark 2 benchmark with mesh, object and model data stress tests. The new graphics card also offers performance gains in typical office applications and workloads, such as videoconferencing, email and web browsing, where reliability and stability are key.

Additions to the AMD Radeon PRO product family also include the AMD Radeon™ PRO W6500M and AMD Radeon™ PRO W6300M GPUs for next-gen professional mobile workstations. The new GPUs are also built on AMD RDNA 2 graphics architecture with 6nm process technology and harness up to 8MB of AMD Infinity Cache memory technology to deliver ultra-high viewport frame rates, dependability and exceptional performance for professional applications.

“Work patterns have changed dramatically over the last year, requiring professional users to work more efficiently and complete projects faster than ever,” said Scott Herkelman, senior vice president and general manager, Graphics Business Unit at AMD. “The Radeon PRO W6400 is a powerful graphics card that harnesses the award-winning AMD RDNA 2 architecture feature set, enabling not only mainstream CAD professionals to produce incredible and complex designs, but also meeting the demands of today’s office workers who need to edit images, create presentations, collaborate and multitask more than ever. In addition, the new AMD Radeon PRO W6000 Series mobile graphics provide the ideal combination of performance and mobility to drive a range of workloads for professionals on the go.”

High-Performance and Advanced Features
The new additions to the AMD Radeon PRO product family deliver an ideal combination of performance, efficiency, and affordability for mainstream professional users. Key features include:

  1. AMD RDNA 2 Architecture: The award-winning AMD RDNA 2 graphics architecture delivers up to 94 percent faster performance over previous generation GCN architecture.
  2. AMD Infinity Cache™ Memory Technology: Up to 16MB of last-level data cache (L3) integrated on the GPU die is designed to reduce latency and power consumption, enabling higher performance compared to previous architectural designs.
  3. Advanced Features: AMD Radeon PRO W6000 Series graphics offer hardware-accelerated raytracing, remote working capabilities4, 8K display support, the latest PCIe® 3.0 and 4.0 high-speed data transfer, VR creator support5, HDR Ready support and Quad-buffer stereo – all supported as standard features.
  4. Viewport Boost6: The dynamic resolution technology is designed to improve frame rates in GPU-limited scenarios. By intelligently lowering resolution only in scenarios where fast in-viewport movement is detected, it can deliver a significant improvement in interactivity without impacting user-perceived image quality.
  5. Application Certifications: AMD continues to work with leading professional software application vendors such as Autodesk, Robert McNeel & Associates, and others to help ensure AMD Radeon PRO graphics cards are built and tested to meet exceptional standards, delivering the stability and reliability required by workstation professionals.

The AMD Radeon PRO W6400 graphics card is expected to be available beginning in Q1 2022, starting at an SEP of $229 USD. AMD Radeon PRO W6500M and Radeon PRO W6300M GPUs are expected to be available in pre-built OEM systems in select countries later this year.

For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies ― the building blocks for gaming, immersive platforms and the datacenter. Hundreds of millions of consumers, leading Fortune 500 businesses and cutting-edge scientific research facilities around the world rely on AMD technology daily to improve how they live, work and play. AMD employees around the world are focused on building great products that push the boundaries of what is possible.

AMD price target raised to $150 from $145 at Cowen

On January 18, 2022, Cowen analyst Matthew Ramsay raised the firm’s price target on AMD to $150 from $145 and keeps an Outperform rating on the shares. The analyst told investors not to overlook its organic strength despite the deal delay. He said it shouldn’t distract from what remains one of the best organic growth stories in semis which is still in the middle innings of its growth.

AMD price target raised to $150 from $135 at Mizuho

On January 13, 2022, Mizuho analyst Vijay Rakesh raised the firm’s price target on AMD to $150 from $135 and keeps a Buy rating on the shares. The analyst gave his outlook across semis and automotive technologies and his top sectors in 2022 are memory, wafer fab equipment, data center, 5G and electric vehicles.

AMD announces AWS expands AMD EPYC processor-based offerings

On January 12, 2022, AMD announced Amazon Web Services has expanded its AMD EPYC processor-based offerings with the general availability of the new Amazon EC2 Hpc6a instances, which are purpose-built for high performance computing workloads in the cloud. According to AWS, Amazon EC2 Hpc6a instances deliver up to 65 percent better price-performance compared to similar Amazon EC2 instances. Hpc6a will help customers run their most compute-intensive HPC workloads like, genomics, computational fluid dynamics, weather forecasting, financial risk modeling, EDA for semiconductor design, computer-aided engineering, and seismic imaging.

📺 Jim Cramer: Investors need to own Advanced Micro Devices


📈 AMD Stock Technical Analysis

Amd Stock

The short term trend is negative, the long term trend is neutral. AMD is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 70% of 107 stocks in the same industry. AMD is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range. Prices have been falling strongly lately, it is better to avoid new long positions here.

There is support at 95.58 from a trend line in the weekly time frame. There is also support at 74.93 from a horizontal line in the weekly time frame.

There is a resistance zone ranging from 118.80 to 119.46. This zone is formed by a combination of multiple trend lines in multiple time frames. There is also resistance at 147.21 from a trend line in the daily time frame.

The technical rating of AMD is bad and it also does not present a quality setup at the moment. AMD stock has a Setup Rating of 0 out of 10. Prices have been extended to the downside lately. For a good entry it is better to wait for a consolidation. Click here to sign up for email alerts on when AMD stock consolidates and has a Setup Rating of 8 or better.

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