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AMD Jumps 7%, Intel Climbs 5%, Broadcom Rises 2% as Tom Lee Calls the Chip Selloff a Buying Opportunity
24/7 Wall St.28d agobullish
AMD Jumps 7%, Intel Climbs 5%, Broadcom Rises 2% as Tom Lee Calls the Chip Selloff a Buying Opportunity

Shares of Advanced Micro Devices (NASDAQ:AMD) are up 7% to $555.26 in early trading Thursday, leading a broad semiconductor rebound. Intel (NASDAQ:INTC) shares are up 5% to $116.14, and Broadcom (NASDAQ:AVGO) shares are up 2% to $396. The bounce reverses a rough stretch for chip names after several sessions of selling. The iShares Semiconductor ETF ... AMD Jumps 7%, Intel Climbs 5%, Broadcom Rises 2% as Tom Lee Calls the Chip Selloff a Buying Opportunity

The Motor Driving AMD’s Stock Rise Is Set to Stall
Barrons.com28d agoneutral
The Motor Driving AMD’s Stock Rise Is Set to Stall

Advanced Micro Devices has soared over the past year amid excitement over its central-processing units. AMD shares were up 1.6% at $526.07 in Thursday’s premarket, adding to a 259% gain over the past 12 months through to Wednesday’s close. “AMD’s 146% surge since April, versus 58% for the SOX [PHLX Semiconductor Index], has left the shares priced at a premium to peers with little room for error,” Naji wrote.

Ultra Clean Holdings (UCTT) Appoints Michael Keogh As CFO For Its Next AI Push
Simply Wall St.28d agoneutral
Ultra Clean Holdings (UCTT) Appoints Michael Keogh As CFO For Its Next AI Push

Ultra Clean Holdings (NasdaqGS:UCTT) appointed Michael Keogh as Chief Financial Officer. Keogh brings experience from senior roles at Ford Motor Co., Apple, Intel, and Bright Machines. The appointment comes as Ultra Clean advances its UCT 3.0 strategy in the AI focused semiconductor market. Ultra Clean Holdings enters this leadership change with the stock at $100.91 and performance that has drawn attention, including a return of 269.4% year to date and 309.9% over the past year. The share...

Apple and Intel Corporation (INTC) Chip Deal makes Strategic Sense but Production is Years Away
Insider Monkey28d agoneutral
Apple and Intel Corporation (INTC) Chip Deal makes Strategic Sense but Production is Years Away

Intel Corporation (NASDAQ:INTC) is one of the Best Stocks To Buy. On June 24, Reuters reported that a potential Apple and Intel Corporation (NASDAQ:INTC) chip manufacturing agreement could strengthen the latter’s contract chip business. It could also expand Apple’s manufacturing capacity even though analysts said commercial production remains years away. Reuters noted neither company has […]

Bull vs Bear case of Advanced Micro Devices, Inc. (AMD)
Insider Monkey28d agoneutral
Bull vs Bear case of Advanced Micro Devices, Inc. (AMD)

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Best Stocks To Buy. On July 1, Schwab Network’s Fast Market featured Kevin Hincks and Tom White discussing Advanced Micro Devices, Inc. (NASDAQ:AMD) after Wells Fargo raised its price target to $615 from $505. The firm noted sustained demand for EPYC server processors, pricing power, and a stronger […]

Broadcom Spikes 5% on Expanded Apple Chip Deal; Intel and AMD Drift Lower
24/7 Wall St.28d agobullish
Broadcom Spikes 5% on Expanded Apple Chip Deal; Intel and AMD Drift Lower

Broadcom (NASDAQ:AVGO) stock is outperforming the semiconductor sector today, climbing 5% to $390 after Apple announced an expanded multiyear chip agreement with the company. Meanwhile, Intel (NASDAQ:INTC) stock is down 2% to $108, while Advanced Micro Devices (NASDAQ:AMD) stock is lower by 1% to $513. The contrasting moves suggest that investors are rewarding Broadcom for ... Broadcom Spikes 5% on Expanded Apple Chip Deal; Intel and AMD Drift Lower

Price Prediction: Intel Soared 450% in a Year. Will The Rally Continue?
24/7 Wall St.28d agobullish
Price Prediction: Intel Soared 450% in a Year. Will The Rally Continue?

Intel (NASDAQ:INTC) has done the unthinkable. Shares are up 443.35% over the past year, transforming a left-for-dead turnaround story into one of the market’s most talked-about rallies. The question is whether the run has more room or whether the price has outrun the fundamentals. Our 24/7 Wall St. price target for Intel is $103.26 over ... Price Prediction: Intel Soared 450% in a Year. Will The Rally Continue?

Jim Cramer Still Likes Intel Stock— Should You?
24/7 Wall St.29d agoneutral
Jim Cramer Still Likes Intel Stock— Should You?

Mad Money host Jim Cramer has been a vocal fan of shares of Intel (NASDAQ:INTC). And in spite of the red-hot rally that’s in the rearview, I do think Mr. Cramer is right on the money to stay aboard the rollercoaster ride as its first big wild move lower unfolds. Either way, Mr. Cramer referred ... Jim Cramer Still Likes Intel Stock— Should You?

Intel’s Breakout Was Violent and It May Still Be in its Early Innings
24/7 Wall St.29d agoneutral
Intel’s Breakout Was Violent and It May Still Be in its Early Innings

Intel‘s (NASDAQ:INTC) historic breakout came fast and from out of nowhere, as the chip laggard made massive leaps to win back many investors amid the AI revolution. With a competitive slate of chips and a foundry business that could help the tech world diversify away from the likes of Taiwan Semiconductor (NYSE:TSM), perhaps Intel isn’t ... Intel’s Breakout Was Violent and It May Still Be in its Early Innings