Advanced Micro Devices AMD Stock HullMA Buy Signal

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AMD stock gave a HullMA buy signal on August 1, 2023, after the company reports earnings and revenue beats.

AMD stock chart on August 1 2023 with a HullMA buy signal
AMD stock chart on August 1, 2023, with a HullMA buy signal

Unusual Options Activity In AMD Stock

The March 2024, $180 call has been trending higher over the last few days. On August 1, 2023, somebody bought $159K worth of the March 15, 2024, $180 call option contract.

AMD call option contract
AMD March 15, 2024, $180 call option contract


Advanced Micro Devices (AMD) is a multinational semiconductor company that designs and produces computer processors, graphics processing units (GPUs), and other related technologies. AMD specializes in the manufacturing of high-performance and energy-efficient microprocessors used in desktops, laptops, servers, and embedded systems. Their processors power a wide range of devices, from gaming consoles and personal computers to supercomputers and data centers. AMD also develops graphics cards for gaming and professional applications, as well as technologies related to artificial intelligence, machine learning, and virtual reality.

AMD Reports Second Quarter 2023 Financial Results

On August 1, 2023, AMD reported Q2 EPS of 58c versus the consensus estimate of 57c. The company reported Q2 revenue of $5.36B versus the consensus estimate of $5.31B.

“We delivered strong results in the second quarter as 4th Gen EPYC and Ryzen 7000 processors ramped significantly,” said AMD chair and CEO Lisa Su. “Our AI engagements increased by more than seven times in the quarter as multiple customers initiated or expanded programs supporting future deployments of Instinct accelerators at scale. We made strong progress meeting key hardware and software milestones to address the growing customer pull for our data center AI solutions and are on-track to launch and ramp production of MI300 accelerators in the fourth quarter.”

AMD Data Center and AI Technology Premiere highlights

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