Today's video focuses on recent news, stock price movements, and fundamentals for Advanced Micro Devices (AMD +2.96%), Facebook (FB 1.46%), CrowdStrike Holdings (CRWD 1.73%), and Activision Blizzard (ATVI +0.00%). Here are some highlights from the video:
- AMD is currently being affected by the chip shortage and still expects a 60% year-over-year revenue growth for its 2021 fiscal year. The main activity driving AMD is the market share growth from mobile processors in products like laptops and the adoption of its server processors by datacenter clients.
- Facebook is currently creating the metaverse, a digital world full of experiences and interactions. In August, Facebook announced the launch of Workrooms, which allow users to enter a virtual office and perform tasks like holding meetings and sharing screens with coworkers inside the virtual world.
- A few analysts have downgraded their price targets for Crowdstrike Holdings, causing the stock price to drop roughly 8% from its 52-week high. Crowdstrike is a leader in cybersecurity products and recently announced Falcon Forensics for government agencies. In August, Crowdstrike announced its second-quarter earnings and reported a 70% YOY increase in annual recurring revenue.
Click the video below for my full thoughts and analysis.
*Stock prices used were the midday prices of Sept. 17, 2021. The video was published on Sept. 18, 2021.
