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- 📈 $AMD - Powering Autonomous Driving for 10 million vehicles
📈 $AMD - Powering Autonomous Driving for 10 million vehicles
Explore AMD and SSS's game-changing LiDAR tech set to revolutionize driving, and AMD's surge to a $300 billion cap. Get the latest in innovation with us.
Top of the morning, everyone!
This week, we're diving into how AMD and SSS are steering the future of automotive with groundbreaking LiDAR tech. Fasten your seatbelts for a revolutionary ride!
Featured Stock of the Week
A note that neither Underwriter nor this newsletter provides investing or trading advice. Please consult with a financial professional before making investment decisions. By reading, you agree to not take this as financial advice and assume all risk.
AMD: AMD $178.63
Our featured stock of the week is AMD.
After a brief 6.3% stumble in February due to Nvidia unveiling a cutting-edge AI chip family, AMD made a striking comeback, surging to a record-breaking $300 billion market cap in March.
Powering LiDar for 10M+ Vehicles
Envision a future where vehicles possess vision as sharp as—or even sharper than—our own. AMD is partnering with Sony Semiconductor Solutions (SSS) to bring autonomous driving to Honda. This is a huge deal as it would radically accelerate the world to self-driving vehicles. Honda is the world’s largest vehicle manufacturer. With AMD's innovation at the forefront, this partnership promises a future of unparalleled navigation precision and safety. Additional Reading: |  |
+1B in Sales Forecasts
AMD has increased its outlook on sales for the year as it releases new products. Those new products include the AMD Zen 5 and the MI300 AI chip, which exemplify innovation and drive unprecedented success in the semiconductor industry. AMD is not just achieving milestones; it's surpassing expectations, with sales forecasts soaring past the billion-dollar mark. The brand is forecasted to ship between 250,000 to $500,000 of these AI chips, costing them $20k per chip and prompting a rise in the market. As the company's new releases continue to gain momentum, the outlook for a significant revenue surge is promising. Additional Reading: |  |
Future Growth Prospects for AI Chips
The future is AI-powered, and AMD's AI chips are at the forefront of this technological revolution. As its innovative tech reshapes the world, analysts forecast the 12-month price target is $201.26, with a high forecast of $270.00 and a low forecast of $140.000. This average price target for AMD represents a 12% increase from its previous forecasts of $179.18 as the company revolutionizes medical imaging diagnostics, gaming, and automotive solutions. Across industries, AMD's AI chips have delivered impressive performance and energy efficiency. Thus, it's no surprise that experts predict AMD's AI chip sales will make up 11% of the global chip market, exceeding $50 billion. Additional Reading: |  |
Major Market News
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Tuesday, March 26th – Durable-Goods Order
What: Analyzes how many durable goods orders have been received
Impact: A median forecast of 1.0%, up from a significant slump in January of 2024, indicates an economy trending upwards. An increase in durable goods orders can trigger future increases in stock prices, making it a critical component of the economy.
Source: Census Gov
Wednesday, March 27th – A Message from Christopher Waller
What: A conversation with Governor Christopher Waller on the Economic Outlook
Impact: Federal Reserve Board Governor Waller will give an insightful speech before the Economic Club of NY reception. The market is keen on learning about The Fed’s outlook on inflation, rate cuts and the economy, so this will be a speech to watch.
Source: Federal Reserve Board
Thursday, March 28th – Initial Jobless Claims
What: Measures how many individuals have filed for the initial jobless claim since last Thursday
Impact: A growing number of people filing for unemployment is likely a bad economic signal as it likely means more are struggling to find sustainable jobs.
Source: US Department of Labor
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A note that Underwriter and this newsletter is not investing or trading advice. These are stocks and information we find interesting. Please consult with a financial professional. By reading, you agree to not take this as financial advice and assume all risk. Futures, stocks, bonds trading of any kind involves a lot of risk. No guarantee of profit is made. In fact, you may lose your entire investment. We guarantee no profit whatsoever, You assume the entire cost and risk of any trading or investing activities you choose to undertake. You are solely responsible for making your own investment decisions. Owners/authors of this newsletter, its representatives, its principals, its moderators and its members, are NOT registered as securities broker-dealers or investment advisors either with the U.S. Securities and Exchange Commission, CFTC or with any other securities/regulatory authority. Consult with a registered investment advisor, broker-dealer, and/or financial advisor. Reading and using this newsletter or any of my publications, you are agreeing to these terms. Any screenshots used here are the courtesy of Underwriter. The data, quotes and information used in this blog is from publicly available sources and could be outdated or outright wrong - I do not guarantee accuracy of this information.