Ticker delayed 20 minutes
Avg Daily Volume: 54,404,186 Market Cap: 58.76B Sector: Technology Short Interest: 8.67 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .31/share REV: 2,110/M
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LAST QTR: EPS: .18/share ACTUAL: .18/share (MET)
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NEXT QTR: EPS: .20/share REV: 1,860/M
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FULL YR: EPS: .62/share REV: 6,710/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 67% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -3.02, -10.54, 5.7
EXPECTED JUMP MOVE: 5-10%
Links To Latest News and Headlines
This week will see a flurry of earnings reports from prominent Big Tech names, including Meta (META), Alphabet (GOOG, GOOGL), and Microsoft (MSFT). Synovus Trust Senior Portfolio Manager Dan Morgan and Creative Strategies CEO and Principal Strategist Ben Bajarin joined Market Domination to discuss the potential impact of artificial intelligence on Big Tech earnings. Bajarin highlights two main concerns: “Who’s getting the most beneficiary lift from AI stocks?” and “Do we have outsized expectations of AI growth?” However, he believes tech earnings will see strong growth due to AI infrastructure investments. Bajarin expresses worry about potential volatility stemming from “the bubble-ish cycle of AI.” He also notes that costs associated with AI innovation could be a factor affecting earnings. Morgan emphasizes that if investors look beyond the AI hype, Big Tech is “looking at very strong growth” across the core business models. While companies like AMD (AMD) and Nvidia (NVDA) do have substantial profit growth fueled by AI, Morgan notes that for earnings from names like Microsoft and Meta there won’t be “a huge AI effect, in terms of like 30% growth coming from AI, but their core businesses are very strong.” He adds that if the Federal Reserve were to refrain from cutting rates and inflation remains elevated, these tech giants “are delivering growth regardless of what the Fed is doing.” For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
Advanced Micro Devices (AMD) closed the most recent trading day at $147.18, moving +0.37% from the previous trading session.
Semiconductor and computer hardware stocks tied to the artificial intelligence boom rebounded on Monday after Friday’s ugly sell-off.
Investors could benefit from a much-needed stock price cooldown.
In the last year, many Advanced Micro Devices, Inc. ( NASDAQ:AMD ) insiders sold a substantial stake in the company…
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