Advanced Micro Devices Inc (AMD · NASDAQ)

AMD shares rose 6.4% to $545.09, leaving the stock up 16.9% over the past month and 54.4% above its 200-day moving average, with volume at 1.5x the 20-day average. The company has beaten earnings estimates in each of its last four quarters, most recently reporting $1.66 versus $1.35 expected, while quarterly revenue climbed to $11.54B in the June quarter from $9.25B a year prior and earnings grew 159.5% year over year. Valuation remains rich at a P/E of 128.12 and EV/EBITDA of 75.97 against a market cap of $836.64B, though the balance sheet is clean with $5.09B in cash, debt of $4.28B, and a 0.4x debt/EBITDA ratio. Among recent developments, EVP Forrest Norrod sold 17,261 shares for roughly $8.68 million under a pre-arranged plan, and AMD is collaborating with SiFive to adapt its ROCm AI software for RISC-V datacenter servers.