Home Trending Stocks Advanced Micro Devices, Inc. (AMD) Stock Prices Trending Up Following Product Portfolio...

Advanced Micro Devices, Inc. (AMD) Stock Prices Trending Up Following Product Portfolio Expansion

Advanced Micro Devices, Inc. (AMD) stock prices were down by a marginal 0.23% as of market close on April 27th, 2021, bringing the price per share down to USD$85.21 at the end of the trading day. AMD stock was up 4.06% to $88.67 in premarket today as of this writing.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

AMD Revenue Reports

As a result of revenue increases in Computing and Graphics, as well as in Enterprise, Embedded, and Semi-custom segments, overall revenue for the first quarter of 2021 was reported at USD$3.45 billion. This represents a 93% increase from the same time period over the previous year and a 6% increase compared to the previous quarter of the same year.


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


Read More

AMD Gross Margin Reports

Gross margins remained constant compared to Q1 2020 at 46%, which is a 1% increase on the gross margins reported from the previous quarter. The company attributes the quarter-over-quarter increase in gross margin to greater variation in the company’s sales of a mix of Ryzen, Radeon, and EPYC processors.

AMD Operating Income Reports

Higher revenue also drove operating income up, with Q1 2021 reporting USD$662 million. This is a massive increase from the USD$177 million reported in Q1 2020, with Q4 2020 having reported USD$570 million. Net income also skyrocketed to USD$555 million, up from USD$162 million reported in Q1 2020. Q4 2020 reported a net income of USD$1.78 billion, of which USD$1.3 billion was a tax income benefit associated with a valuation allowance release.

AMD’s EPYC 7003 Series

AMD recently announced the release of the AMD EPYC 7763 as a part of its EPYC 7003 series. This move saw the company consolidate its per-socket and per-core performance leadership, seeing how the processor is the world’s highest performance server processor. The EPYC 7763 beats out its competitors by providing a 200% increase in HPC, cloud and enterprise workload performance.

Scope of EPYC 7003 Series

The AMD EPYC 7003 series has since been announced in offerings by various partners, with Google Cloud being one of the many announcements regarding the provision of innovative EPYC 7003-powered solutions by leading cloud providers. Dell and Lenovo are just some of the names of server providers who have continued to launch what is projected to be more than 100 EPYC 7003 powered platforms through 2021.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Future Outlook for AMD

Armed with cash, cash equivalents, and short-term investments as of the end of Q4 2020, AMD is well positioned to capitalize on the expansion of its market footprint. With the best product portfolio they have ever had, the company is poised to continue its remarkable growth and usher in sustained and significant increases in shareholder value.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

What Explains MOGO Stock Going Up Today?

The Mogo Inc. (NASDAQ: MOGO) stock has gained 5.04% to $8.55 in premarket trading today. Mogo stock finished last trading day at $8.14, down...

Zynga Inc. (ZNGA) stock rises in the Pre-Market: What’s going on?

Zynga Inc. (ZNGA) announced its first-quarter 2021 financial results after which the ZNGA stock happened to be green after underperformance in the last trade....

American Shared Hospital Services (AMS) Stock Continues to Soar Following Unprecedent Volumes Being Traded

American Shared Hospital Services (AMS) stock prices surged by 30.51% as of market close on May 5th, 2021, bringing the price per share up...

James River Group Holdings Ltd. (NASDAQ: JRVR) stock falls during pre-market. Why is it so?

James River Group Holdings Ltd. (NASDAQ: JRVR) stock plunged by 1.67% at last close while the JRVR stock continued decline by 25.74% at last...

Aviat Networks, Inc. (AVNW) Stock Trending Up After Promising Financial Reports for Most Recent Quarter

Aviat Networks, Inc. (AVNW) stock prices were up 3.81% as of market close on May 5th 2021, bringing the price per share up to...

Ambev S.A. (ABEV) Stock Trends Up Following Highly Promising Earnings Call for Q4 2020

Ambev S.A. (ABEV) stock prices were up 10.3943% shortly after the market opened on May 6th, 2021, bringing the price per share up to...

Sally Beauty Holdings (NYSE:SBH) stock surged in the current trading session; here’s why

In the current trading session, Sally Beauty Holdings Inc. (SBH) stock had surged by 19.69% to $24.25 at the time of writing. SBH stock...

Moderna Inc. (NASDAQ: MRNA) stock declines during current market. Let’s figure out why?

Moderna Inc. (NASDAQ: MRNA) stock falls by 5.31% in the current market trading after MRNA has announced its financial results for Q1 2021. Moderna...

Related News

What Explains MOGO Stock Going Up Today?

The Mogo Inc. (NASDAQ: MOGO) stock has gained 5.04% to $8.55 in premarket trading today. Mogo stock finished last trading day at $8.14, down...

Zynga Inc. (ZNGA) stock rises in the Pre-Market: What’s going on?

Zynga Inc. (ZNGA) announced its first-quarter 2021 financial results after which the ZNGA stock happened to be green after underperformance in the last trade....

American Shared Hospital Services (AMS) Stock Continues to Soar Following Unprecedent Volumes Being Traded

American Shared Hospital Services (AMS) stock prices surged by 30.51% as of market close on May 5th, 2021, bringing the price per share up...

James River Group Holdings Ltd. (NASDAQ: JRVR) stock falls during pre-market. Why is it so?

James River Group Holdings Ltd. (NASDAQ: JRVR) stock plunged by 1.67% at last close while the JRVR stock continued decline by 25.74% at last...

Aviat Networks, Inc. (AVNW) Stock Trending Up After Promising Financial Reports for Most Recent Quarter

Aviat Networks, Inc. (AVNW) stock prices were up 3.81% as of market close on May 5th 2021, bringing the price per share up to...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.