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AMD's stock surged 116% due to AI hardware demand but fell 15% after Q3 earnings. Despite high valuation multiples, AMD's revenue grew 36% YoY, driven by AI GPUs and EPYC processors. Strategic partnerships and upcoming product launches suggest potential upside. Cowen values shares at $290, implying a 35% increase. Investors should consider AMD's strong fundamentals and potential macroeconomic risks.
Marshall Wace LLP increased its holdings in Lam Research Corporation by 77.5% in Q2, owning 1,502,100 shares worth $146.2 million. Other investors like Epoch Investment Partners and Baird Financial Group also boosted their stakes. Insider sales included Director Bethany Mayer and SVP Vahid Vahedi. Lam Research reported Q2 earnings of $1.26 per share, beating estimates, with revenue up 27.7% year-over-year. The company announced a quarterly dividend payable on January 7th.
Cognizant announced the expansion of its Synapse initiative, aiming to reskill two million people by 2030. The initiative, launched in 2023, exceeded its initial goal of reaching one million people by 2026. Cognizant plans to enhance learning resources, partnerships, and social impact efforts to prepare the workforce for AI-driven changes. CEO Ravi Kumar S. emphasized the importance of this commitment in helping individuals thrive in the digital era.
Intel's stock has surged 95% since December 2024, outperforming Nvidia's 28% increase. The analysis suggests Intel's geopolitical advantages and innovative technology could make it a viable investment despite Nvidia's strong market position. The shift from AI model training to inference may impact Nvidia's margins, while Intel's 18A node offers potential value. The strategic asset allocation approach is recommended for future investments.
