AMD (AMD) Offering Possible 76.06% Return Over the Next 7 Calendar Days

AMD's most recent trend suggests a bearish bias. One trading opportunity on AMD is a Bear Call Spread using a strike $91.00 short call and a strike $96.00 long call offers a potential 76.06% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $91.00 by expiration. The full premium credit of $2.16 would be kept by the premium seller. The risk of $2.84 would be incurred if the stock rose above the $96.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for AMD is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for AMD is bearish.

The RSI indicator is at 23.41 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for AMD

AMD Expands Senior Leadership Team
Wed, 06 Jan 2021 21:15:00 +0000
SANTA CLARA, Calif., Jan. 06, 2021 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) today announced several senior leadership promotions in support of the company’s long-term growth goals. AMD announced two executive vice president promotions: * Darren Grasby to executive vice president and Chief Sales Officer, responsible for driving adoption of AMD products and delivering a world-class customer experience. * Devinder Kumar to executive vice president and Chief Financial Officer, responsible for continued strengthening of the company's financial profile.AMD also announced three senior vice president promotions: * Martin Ashton to senior vice president of Graphics Architecture and Radeon Technologies Group Intellectual Property (IP) with continued responsibility for leading the development of leadership GPU architectures and IP for gaming, data center and mobile products. * Mark Fuselier to senior vice president of Technology and Product Engineering, leading end-to-end engineering for new product introductions to deliver on the unprecedented demand for AMD products. * Sam Naffziger to senior vice president, Corporate Fellow and Product Technology Architect with continued responsibility for maximizing the competitiveness, efficiency and cost of next-generation AMD solutions. “Our high-performance products and long-term roadmaps have placed AMD on a significant growth trajectory,” said Dr. Lisa Su, AMD president and CEO. “Aligning and expanding our senior leadership team around our highest-priority growth opportunities will continue the momentum we have built across our business in 2021 and beyond.”Supporting Resources * Learn more about the AMD Executive Team * Become a fan of AMD on Facebook * Follow AMD on Twitter About AMD For more than 50 years, AMD has driven innovation in high-performance computing, graphics and visualization technologies ― the building blocks for gaming, immersive platforms and the data center. Hundreds of millions of consumers, leading Fortune 500 businesses and cutting-edge scientific research facilities around the world rely on AMD technology daily to improve how they live, work and play. AMD employees around the world are focused on building great products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ:AMD) website, blog, Facebook and Twitter pages. Contact: Drew Prairie AMD Communications (512) 602-4425 Drew.Prairie@amd.comLaura Graves AMD Investor Relations (408) 749-5467 Laura.Graves@amd.com

15 Biggest Semiconductor Companies in the World
Wed, 06 Jan 2021 18:37:21 +0000
In this article, we are going to list the 15 biggest semiconductor companies in the world. Click to skip ahead and jump to the 5 biggest semiconductor companies in the world. Can you imagine life without your phone? Just picture life without electronic devices: no laptop, no iPad, no video games, no appliances, and hospitals will […]

Nvidia’s $40 Billion Deal for Arm Faces U.K. Merger Review
Wed, 06 Jan 2021 17:16:42 +0000
(Bloomberg) — Nvidia Corp.’s proposed $40 billion takeover of Arm Ltd., the U.K.’s most valuable tech company, is set to be investigated by the country’s competition watchdog in its first major probe since Brexit.It’s the first global transaction to get British scrutiny since the Competition and Markets Authority emerged from the shadow of European Union regulators a week ago. The CMA has already pledged to push for tougher examinations of tech deals.Nvidia agreed to buy SoftBank Group Corp.’s Arm for $40 billion, taking control of some of the most widely used electronics technology in the semiconductor industry’s largest-ever deal. Nvidia has said it will keep Arm’s headquarters in the U.K. and invest in a new facility to push forward artificial intelligence research, educate customers and provide a place for experimentation in robotics and automation.“The chip technology industry is worth billions and critical to many of the products that we use most in our everyday lives,” Andrea Coscelli, chief executive of the CMA, said in a statement Wednesday. “We will work closely with other competition authorities around the world to carefully consider the impact of the deal and ensure that it doesn’t ultimately result in consumers facing more expensive or lower quality products.”While the responsibilities of the CMA will be limited to the competition aspects of the transaction, the U.K. government has already signaled it wants guarantees on the numbers of staff to be maintained. The U.K. agency will initially consider whether Arm would raise prices or hurt licensing services to Nvidia’s rivals after the transaction.Santa Clara, California-based Nvidia said that it had always expected the regulatory process to take about 18 months and it “won’t be providing comment on milestones along the way.”Officials at Softbank and Arm declined to comment.The CMA said it is seeking comments on the effects of the deal, before it starts a formal investigation later this year.Arm’s neutral position as a supplier at the heart of the chipmaking industry means the deal has already raised concerns, because Nvidia directly competes with Arm’s customers such as Qualcomm Inc., Intel Corp. and Advanced Micro Devices Inc.But Nvidia boss Jensen Huang has argued that his deal will aid technological development, saying Nvidia’s artificial-intelligence capabilities can be combined with Arm’s technology to help customers even more.In addition to European and U.S. regulators, the Arm purchase will face a serious review in Beijing. Chinese technology companies including Huawei expressed strong concerns to local regulators about the deal, Bloomberg News reported in October.In a separate document Wednesday, the CMA said it is already looking beyond the Nvidia deal.The CMA said its in discussions with “a number” of other companies pursuing mergers. Deals that were traditionally under the purview of the European Commission can be separately investigated in the U.K. and the agency has said it expects its caseload to climb around 40% from the prior year.(Updates with Nvidia comment in sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Achronix Is in Talks to Merge With Blank-Check Firm ACE
Wed, 06 Jan 2021 15:16:16 +0000
(Bloomberg) — Achronix Semiconductor Corp. is in talks to go public through a merger with the blank-check company ACE Convergence Acquisition Corp., according to people with knowledge of the matter.ACE, a special purpose acquisition company, or SPAC, has begun discussions with investors about raising new equity to support the transaction, the people said. The deal is slated to give the combined entity an equity valuation of about $2 billion, said the people, who asked not to be identified as the information is private.The companies could announce an agreement as soon as this month, the people said. Terms of the deal could change and talks could still be delayed or even fall apart, the people said.ACE rose 5.3% to $11.18 per share at 10:14 a.m. in New York on Wednesday.Representatives for Achronix and ACE declined to comment.Santa Clara, California-based Achronix, founded in 2004 and led by Chief Executive Officer Robert Blake, makes field programmable gate arrays, or FPGAs, a type of chip that’s unique because its function can be altered by software, even after it’s been installed in a device. Other major FPGA suppliers include Intel Corp. and Xilinx Inc., which has a pending deal to be acquired by Advanced Micro Devices Inc.ACE, backed by ACE Equity Partners LLC and led by Behrooz Abdi, the former CEO of chipmaker InvenSense Inc., raised $230 million in its initial public offering in July. It has said it’s seeking to acquire a company in the infrastructure software or hardware space.(Updates with share price starting in the fourth paragraph, adds detail in sixth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

MOVES-Former Intel, Tesla chip exec Jim Keller joins artificial intelligence startup
Wed, 06 Jan 2021 00:31:39 +0000
Jim Keller, a prominent computing chip architect who left Intel Corp last year, has joined a Toronto-based startup developing artificial intelligence chips. Keller has been named president, chief technology officer and a board member of Tenstorrent Inc, a company founded in 2016 by Advanced Micro Devices Inc and Nvidia Corp veteran Ljubisa Bajic to create an AI chip that mimics some of the ways the human brain works to become more energy efficient than rival chips.

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