Fahad Saleem
5 min read
In This Article:
We recently published a list of 10 Buzzing Stocks After Latest Earnings Season. In this article, we are going to take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stands against other buzzing stocks after latest earnings season.
Markets were cheering the latest US-China trade deal, after which the two countries will significantly reduce tariffs on each other’s imports for 90 days. The deal practically negates all bear cases modeled by Wall Street analysts based on the impact of tariffs.
Sylvia Jablonski, Defiance ETFs CEO and CIO, called the deal a “game changer” during a program on CNBC.
“I think both countries probably saw a little bit of the demise of what would be here with a non-tariff deal as the data came in. You had a lot of complaints around China across all sectors and then in the US, retailers were reaching out to President Trump and saying that shelves are empty and, you know, a lot of panic about semiconductor software companies. I think that this is really a game changer for both countries, and the big message here is that both countries, it sounds like, decided that they really don’t want to decouple, and, you know, make America great might also mean that, you know, China stays.”
READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In.
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A close up of a complex looking PCB board with several intergrated semiconductor parts.
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Ryan Patel from Drucker School of Management of Claremont Graduate University said while talking to Schwab Network that Advanced Micro Devices, Inc. (NASDAQ:AMD) has more room to grow and the stock remains under the radar:
“You’ve seen a lot of movement. Cathie Wood’s ARK—came and made an investment. I think you see a lot of the analysis. You know, you think of even year to date, they’re pretty—you know, the last couple weeks, I think they’re up 5 to 6%. I think their earnings was great. They just go fly underneath the radar, right? Like you just mentioned, when you compare AMD to Nvidia, there’s always still a lot of room to grow in those aspects until people realize it.”
