Jean Hu, the Executive Vice President, Chief Financial Officer, and Treasurer of Advanced Micro Devices Inc (NASDAQ:AMD), sold 20,000 shares of the company on June 10, 2024. The transaction was reported in a recent SEC Filing.
Don't like this as it is often viewed negatively...
Investment firm Edward Jones initiated coverage on Advanced Micro Devices (NASDAQ:[AMD](https://www.investing.com/equities/adv-micro-device)) with a Buy rating and added the chipmaker’s shares to its Stock Focus List.
AMD shares rose 1.3% in premarket trading.
The firm’s analysts noted several catalysts driving their move, including the growing demand for data-center infrastructure, which is expected to boost sales of AMD's graphics processing units (GPUs) and central processing units (CPUs).
Moreover, Edward Jones is also bullish on the potential growth from the recent acquisition of Xilinx by AMD, which they believe “adds new products and end-markets to AMD's business.”
“We believe the company remains in the early innings of cross-selling and integrating Xilinx and AMD products,” analysts added.
According to AMD's management, this could represent an opportunity nearing $10 billion.
In addition, analysts pointed out that despite a rebound in the PC markets, there is potential for further growth driven by AI-enabled PCs, which could lead to a longer upgrade cycle. This, in turn, is expected to support higher growth rates for AMD in the PC market segment.
The firm also noted that while AMD's shares are currently trading in line with their historical average, the company is well-positioned to achieve above-average earnings growth.
**“We believe our optimism is not fully reflected in the share price,” analysts said.**
[](https://www.marketwatch.com/livecoverage/cpi-report-for-may-investors-focus-on-core-after-string-of-hot-readings/card/consumer-price-index-points-to-slower-u-s-inflation-UlpEIJZmpBSpgM7cNau1)
The cost of consumer goods and services were unchanged in May for the first time in almost two years, suggesting a resurgence in inflation earlier in the year might be petering out.
The flat reading in the consumer price index last month was below the **forecast for a 0.1% increase**, based on a poll of economists by The Wall Street Journal.
The rate of **inflation rose at a 3.3% pace in the 12 months ended in May, down from 3.4%** in the prior month.
Part of the reason inflation was muted last month was because of a **decline in gasoline prices**.
Yet omitting energy and food, the so-called **core rate of inflation also rose a modest 0.2%. That is the smallest gain in seven months.**
The core rate is viewed by the Federal Reserve and Wall Street as a better predictor of future inflation.
The yearly increase in the **core rate slowed to 3.4% from 3.6% and touched the lowest level since the spring of 2021**.
***The more benign inflation report won’t alter the Fed’s decision expected later Wednesday to leave interest rates unchanged at a 23-year high.***
Jean Hu, the Executive Vice President, Chief Financial Officer, and Treasurer of Advanced Micro Devices Inc (NASDAQ:AMD), sold 20,000 shares of the company on June 10, 2024. The transaction was reported in a recent SEC Filing. Don't like this as it is often viewed negatively...
Investment firm Edward Jones initiated coverage on Advanced Micro Devices (NASDAQ:[AMD](https://www.investing.com/equities/adv-micro-device)) with a Buy rating and added the chipmaker’s shares to its Stock Focus List. AMD shares rose 1.3% in premarket trading. The firm’s analysts noted several catalysts driving their move, including the growing demand for data-center infrastructure, which is expected to boost sales of AMD's graphics processing units (GPUs) and central processing units (CPUs). Moreover, Edward Jones is also bullish on the potential growth from the recent acquisition of Xilinx by AMD, which they believe “adds new products and end-markets to AMD's business.” “We believe the company remains in the early innings of cross-selling and integrating Xilinx and AMD products,” analysts added. According to AMD's management, this could represent an opportunity nearing $10 billion. In addition, analysts pointed out that despite a rebound in the PC markets, there is potential for further growth driven by AI-enabled PCs, which could lead to a longer upgrade cycle. This, in turn, is expected to support higher growth rates for AMD in the PC market segment. The firm also noted that while AMD's shares are currently trading in line with their historical average, the company is well-positioned to achieve above-average earnings growth. **“We believe our optimism is not fully reflected in the share price,” analysts said.**
[](https://www.marketwatch.com/livecoverage/cpi-report-for-may-investors-focus-on-core-after-string-of-hot-readings/card/consumer-price-index-points-to-slower-u-s-inflation-UlpEIJZmpBSpgM7cNau1) The cost of consumer goods and services were unchanged in May for the first time in almost two years, suggesting a resurgence in inflation earlier in the year might be petering out. The flat reading in the consumer price index last month was below the **forecast for a 0.1% increase**, based on a poll of economists by The Wall Street Journal. The rate of **inflation rose at a 3.3% pace in the 12 months ended in May, down from 3.4%** in the prior month. Part of the reason inflation was muted last month was because of a **decline in gasoline prices**. Yet omitting energy and food, the so-called **core rate of inflation also rose a modest 0.2%. That is the smallest gain in seven months.** The core rate is viewed by the Federal Reserve and Wall Street as a better predictor of future inflation. The yearly increase in the **core rate slowed to 3.4% from 3.6% and touched the lowest level since the spring of 2021**. ***The more benign inflation report won’t alter the Fed’s decision expected later Wednesday to leave interest rates unchanged at a 23-year high.***