Today's video focuses on Advanced Micro Devices (AMD 1.33%) and four recent pieces of news affecting its stock price. One could be a reason to sell the stock, but the other three could be seen as reasons to hold or buy. Here are some highlights from the video.
- On Jan. 20, an analyst from Piper Sandler downgraded AMD's rating and decreased its price target. Analysts' price targets are not necessarily something I focus on as an investor. The main reason is that analysts' price targets are meant for the next 12 months, but my investment style is focused on multiple years.
- AMD has recently shared some positive news on its investors' relations website. On Jan. 12, it announced that Amazon (AMZN -1.65%) continues to expand its AMD Epyc processors offerings. On Jan. 19, it released information on its new graphics cards for workstation users, and it also released new entry-level graphics cards for gamers.
- AMD is scheduled to release its fourth quarter and full-year 2021 financial results on Tuesday, Feb. 1.
Click the video below for my full thoughts and analysis.
*Stock prices used were the premarket prices of Jan. 20, 2022. The video was published on Jan. 20, 2022.
