Remember to always keep track of insider buying.
If insiders are willing to put their money where their mouths are, there’s reason for it.
In fact, here’s what insiders have been buying most recently.
Advanced Micro Devices (AMD)
Oversold, Advanced Micro Devices (AMD) is just starting to pivot higher. Helping, Phil Guido, AMD’s executive vice president and chief commercial officer, paid $500,000 on Feb. 7 for 4,645 shares, an average price of $107.56 each. This was the first insider stock buying since November 2012 when CEO Lisa Su paid $98,400 for 48,000 shares at an average price of $2.05.
Loop Capital just initiated a buy rating on AMD with a $175 price target. The firm says AMD has “dominant revenue exposure to mature end markets.”
Helping, AMD is exposed to a multi-billion-dollar addressable market for data center AI chips. In fact, according to company Chair and CEO Lisa Su, that addressable market for AI chips will reach $500 billion by 2028, which is up from her prior estimate for $400 billion by the time 2027 rolls around.
Sincerely,
Ian Cooper
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