On April 20, 2023, AMD, a leader in high-performance and adaptive computing, announced that it had successfully migrated to SAP S/4HANA Cloud, the private edition. This marks a significant milestone in AMD’s digital transformation journey and further strengthens the long-standing strategic partnership between the two companies.
As part of AMD’s cloud strategy and its efforts to consolidate onto a single enterprise platform, the company selected the RISE with SAP solution to deliver its promise of digital transformation to customers. This successful migration to SAP S/4HANA Cloud, private edition, is a critical step in AMD’s journey towards digital transformation, allowing the company to scale its business and provide the necessary resilience.
AMD has been working with SAP for 25 years, and this latest achievement has strengthened the partnership. The AMD EPYC server processors have already delivered exceptional CPU performance and energy savings to some of the world’s largest companies in collaboration with SAP. Additionally, AMD has been using various SAP solutions such as SAP Ariba, SAP Signavio, SAP SuccessFactors, and SAP Business Technology Platform (SAP BTP), which have contributed to the company’s success.
The successful migration to SAP S/4HANA Cloud, private edition, is a significant milestone in AMD’s digital transformation journey. It will help the company deliver on its promise of digital transformation to customers, while also strengthening its partnership with SAP.
AMD Stock Opens Lower on April 20, 2023, But Positive Earnings Growth Forecast Suggests Potential for Future Success
On April 20, 2023, AMD’s stock opened at $88.51, a decrease from the previous day’s close of $89.78. Throughout the day, the stock fluctuated between $88.22 and $90.54. The volume was 37,344,502, lower than the average volume of 58,895,923 over the past three months. The market cap of AMD was $147.7B.
While AMD’s earnings growth last year was -67.56%, this year’s earnings growth was -11.60%. However, the company is expected to have a positive earnings growth of 20.00% over the next five years. Regarding revenue growth, AMD experienced a growth of 43.61% last year. The company’s P/E ratio was 106.8, while it’s price/sales and price/book ratios were 4.31 and 2.70, respectively.
Compared to other companies in the semiconductor industry, AMD’s stock performed better than Texas Instruments and Applied Materials Inc, which decreased by 1.80% and 0.84%, respectively. However, Intel and Analog Devices Inc had a more significant decrease of 2.14% and 0.54%, respectively.
AMD’s next reporting date is May 3, 2023, with an EPS forecast of $0.56. AMD operates in the electronic technology and semiconductor industries, with its corporate headquarters in Santa Clara, California.
Overall, while AMD’s stock experienced a decrease in value on April 20, 2023, the company’s positive earnings growth forecast and revenue growth from the previous year suggest a potential for future growth and success.
Investing in Advanced Micro Devices Inc: Stock Price, Forecasts, and Risks
Advanced Micro Devices Inc (AMD) is a semiconductor company that designs and produces microprocessors, graphics processors, and other computer components. On April 20, 2023, AMD’s stock price closed at $89.91, and according to data from CNN Money, the 35 analysts offering 12-month price forecasts for the company have a median target of $91.00. The consensus among 41 polled investment analysts is to buy stock in Advanced Micro Devices Inc. Additionally, the company is scheduled to report its earnings for the current quarter on May 03, 2023. However, investors should be aware of the risks associated with investing in the semiconductor industry and conduct their own research before making investment decisions.