AMD Cyberattack? Hacker Claims To Sell Stolen Data, Company Says Working Closely With Law Enforcement Officials (UPDATED)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 18 2024
0mins
Should l Buy AMD?
Source: Benzinga
- AMD Data Breach: AMD is investigating a cybercriminal organization's claim of having stolen data, including sensitive information like employee details and future product plans.
- Stock Downgrade: Morgan Stanley downgraded AMD stock from Overweight to Equal-Weight due to high valuations.
- Financial Performance: AMD stock has gained 30% in the past year, with investment options available through Spear Alpha ETF SPRX and AOT Growth And Innovation ETF AOTG.
- Collaboration Announcement: AMD and VORAGO Technologies collaborate to enhance reliability and flexibility of AMD FPGA-based systems with radiation-hardened microcontrollers.
- Geopolitical Impact: The U.S. government considers extending semiconductor technology embargo to Russia after China and the Middle East, citing concerns about Moscow's military capabilities.
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Analyst Views on AMD
Wall Street analysts forecast AMD stock price to rise
33 Analyst Rating
25 Buy
8 Hold
0 Sell
Strong Buy
Current: 203.430
Low
210.00
Averages
289.13
High
377.00
Current: 203.430
Low
210.00
Averages
289.13
High
377.00
About AMD
Advanced Micro Devices, Inc. is a global semiconductor company. The Company is focused on high-performance computing and artificial intelligence (AI). Its segments include Data Center, Client and Gaming, and Embedded. Data Center segment includes AI accelerators, microprocessors (CPUs) for servers, graphics processing units (GPUs), accelerated processing units (APUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs), and Adaptive system-on-Chip (SoC) products for data centers. Client and Gaming segment includes CPUs, APUs, chipsets for desktops and notebooks, discrete GPUs, and semi-custom SoC products and development services. Embedded segment includes embedded CPUs, APUs, FPGAs, system on modules (SOMs), and Adaptive SoC products. It markets and sells its products under the AMD trademark. Its products include AMD EPYC, AMD Ryzen, AMD Ryzen PRO, Virtex UltraScale+, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Interest Rate Outlook: Despite a mere 1% chance of a 25 basis point rate hike at the upcoming FOMC meeting, hawkish comments from St. Louis Fed President raised concerns about inflation and employment risks, potentially affecting investor sentiment and market dynamics.
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- Interest Rate Expectations: Despite hawkish comments from the St. Louis Fed President putting pressure on stocks, the market is still pricing in only a 1% chance of a 25 basis point rate hike at the upcoming FOMC meeting on April 28-29, indicating a cautious optimism regarding economic growth.
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