{"id":59709,"date":"2024-10-03T06:00:03","date_gmt":"2024-10-03T10:00:03","guid":{"rendered":"https:\/\/www.ino.com\/blog\/?p=59709"},"modified":"2024-10-10T15:41:17","modified_gmt":"2024-10-10T19:41:17","slug":"amd-and-googl-pull-back-from-highs-heres-why-its-time-to-buy","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2024\/10\/amd-and-googl-pull-back-from-highs-heres-why-its-time-to-buy\/","title":{"rendered":"AMD and GOOGL Pull Back from Highs\u2014Here\u2019s Why It\u2019s Time to Buy"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The recent market volatility has created a golden opportunity for investors eyeing two tech giants:<\/span><a href=\"https:\/\/quotes.ino.com\/charting\/?s=NASDAQ_GOOGL\"> <span style=\"font-weight: 400;\">Alphabet Inc. (GOOGL)<\/span><\/a><span style=\"font-weight: 400;\"> and<\/span><a href=\"https:\/\/quotes.ino.com\/charting\/?s=NASDAQ_AMD\"> <span style=\"font-weight: 400;\">Advanced Micro Devices, Inc. (AMD)<\/span><\/a><span style=\"font-weight: 400;\">. Both companies have seen their stock prices fall considerably from their recent highs. While that might seem worrying, this dip offers an attractive entry point for investors, especially given the long-term growth potential of both companies, driven by advancements in artificial intelligence (AI) and data centers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With that in mind, let\u2019s explore the fundamentals of these stocks in detail:<\/span><\/p>\n<p><b>Alphabet Inc. (GOOGL)<\/b><\/p>\n<p><span style=\"font-weight: 400;\">With a current market cap of $2.04 trillion, Google\u2019s parent company is known for its pioneering internet-related services and products. While the stock has been weighed down by<\/span><a href=\"https:\/\/edition.cnn.com\/2024\/08\/05\/business\/google-loses-antitrust-lawsuit-doj\/index.html\"> <span style=\"font-weight: 400;\">antitrust concerns<\/span><\/a><span style=\"font-weight: 400;\">, many investors are overlooking the company\u2019s long-term growth prospects and strong financials. GOOGL\u2019s valuation particularly looks quite attractive, when you consider its strong financial performance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the fiscal 2024<\/span><a href=\"https:\/\/abc.xyz\/assets\/19\/e4\/3dc1d4d6439c81206370167db1bd\/2024q2-alphabet-earnings-release.pdf\"> <span style=\"font-weight: 400;\">second quarter<\/span><\/a><span style=\"font-weight: 400;\"> ended June 30, 2024, GOOGL reported revenues of $80.74 billion, up 13.6% year-over-year. Its income from operations grew 25.6% from the prior year\u2019s quarter to $27.43 billion with a margin of 32%. The company\u2019s biggest revenue driver continues to be its Google Advertising segment, which brought in $64.62 billion. But that\u2019s not the only bright spot.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Google Cloud, which ranks as the third-largest cloud service provider, is expanding at a rapid pace. Cloud revenue surged 29% year-over-year to $10.3 billion, far outpacing the company\u2019s overall growth. As more businesses adopt Google Cloud, particularly for AI-related purposes, this segment could become a larger piece of the pie over time. Furthermore, the company owns the two most popular websites: Google and YouTube, both of which are expected to fuel revenue growth over the long term.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the bottom line, its net income and earnings per share came in at $23.62 billion and $1.89, representing increases of 28.6% and 31.3% year-over-year, respectively. Its EPS came above the analysts\u2019 estimate of $1.84 by 2.5%. In addition, the tech company\u2019s cash and cash equivalents amounted to $27.23 billion as of June 30, 2024, compared to $24.05 billion as of December 31, 2023.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Street expects GOOGL\u2019s revenue and EPS for the fiscal third quarter (ended September 2024) to increase 12.5% and 18.7% year-over-year to $86.26 billion and $1.84, respectively. Also, the company has topped the consensus EPS and revenue estimates in all four trailing quarters.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">GOOGL declined about 13% below its 52-week high. The stock is currently trading at a forward price-to-earnings (P\/E) ratio of 21.72, which is a 15.2% discount to its own 5-year average. Besides, GOOGL\u2019s trailing-12-month EBITDA margin of 35.18% is 93.2% higher than the 18.21% industry average. Likewise, the stock\u2019s trailing-12-month net income margin, ROCE, and ROTC of 26.70%, 30.87%, and 20.34% compare to the industry averages of 3.08%, 3.44%, and 3.72%, respectively.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite the stock\u2019s recent drop and ongoing regulatory concerns, the company\u2019s long-term potential remains strong. Over the past year, the stock has climbed more than 23% and is up nearly 18% so far in 2024. With a projected<\/span><a href=\"https:\/\/www.tipranks.com\/stocks\/googl\/forecast\"> <span style=\"font-weight: 400;\">upside of 21.8%<\/span><\/a><span style=\"font-weight: 400;\">, GOOGL currently has a consensus rating of \u201cStrong Buy.\u201d This dip offers a great opportunity for investors to scoop up shares at a discount ahead of the tech giant\u2019s Q3 earnings report, expected in late October.<\/span><\/p>\n<p><b>Advanced Micro Devices, Inc. (AMD)<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Based in Santa Clara, California, Advanced Micro Devices has been at the forefront of innovation in high-performance computing, graphics, and visualization technologies. The company has firmly established itself as a formidable player in the GPU market, particularly excelling in chips tailored for AI workloads.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As AMD gains significant momentum in the data center space, there is strong potential for its current $262 billion valuation to grow even further. Despite the recent 25% dip in its stock price, AMD\u2019s long-term growth prospects remain robust, offering a prime opportunity for investors to buy in at a discounted price.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">AMD\u2019s influence, however, extends beyond hardware. The company has been expanding its presence in AI software as well. In June, AMD introduced its groundbreaking<\/span><a href=\"https:\/\/ir.amd.com\/news-events\/press-releases\/detail\/1202\/amd-unveils-next-gen-zen-5-ryzen-processors-to-power\"> <span style=\"font-weight: 400;\">Ryzen\u2122 AI 300 Series processors<\/span><\/a><span style=\"font-weight: 400;\">, which are equipped with the world\u2019s most powerful Neural Processing Unit (NPU). These processors are designed to bring AI capabilities directly to next-generation PCs, enabling AI-infused computing to seamlessly integrate into everyday tasks and applications. Additionally, the next-gen AMD Ryzen\u2122 9000 Series processors for desktops solidify AMD\u2019s position as a leader in performance and efficiency for gamers, content creators, and prosumers alike.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, the company has outlined a comprehensive<\/span><a href=\"https:\/\/ir.amd.com\/news-events\/press-releases\/detail\/1201\/amd-accelerates-pace-of-data-center-ai-innovation-and\"> <span style=\"font-weight: 400;\">roadmap for its Instinct accelerator series<\/span><\/a><span style=\"font-weight: 400;\">, promising to deliver cutting-edge AI performance and memory capabilities across each generation. With the imminent release of the AMD Instinct MI325X accelerator in Q4 2024 and the upcoming launch of the MI350 series, powered by AMD\u2019s new CDNA\u2122 4 architecture in 2025, AMD is poised to deliver up to a 35x increase in AI inference performance compared to its previous iterations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the second quarter that ended June 30, 2024. AMD\u2019s non-GAAP revenue increased 9% year-over-year to $5.84 billion. Its data center revenue<\/span><a href=\"https:\/\/ir.amd.com\/news-events\/press-releases\/detail\/1209\/amd-reports-second-quarter-2024-financial-results\"> <span style=\"font-weight: 400;\">surged 115% year-over-year<\/span><\/a><span style=\"font-weight: 400;\"> to $2.83 billion, accounting for nearly half of its total revenue.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Mi300 series brought in over $1 billion in quarterly revenue for the first time, with its customer base expanding as Microsoft became the first cloud provider to offer general availability for the Instinct Mi300X. As AI applications continue to drive demand for high-performance data center solutions, AMD is well-positioned to see its profitability climb, given the higher margins typically associated with this segment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, the company\u2019s non-GAAP operating income grew 18.4% from the year-ago value to $1.26 billion. AMD\u2019s non-GAAP net income and EPS stood at $1.13 million and $0.69, up from $948 million and $0.58, respectively, recorded last year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Analysts expect its revenue and EPS for the current year (ending December 2024) to increase 12.9% and 27.7% year-over-year to $25.61 billion and $3.38, respectively. If AMD can exceed expectations, the stock could experience significant gains in the coming months. Earlier this year, the company<\/span><a href=\"https:\/\/ir.amd.com\/news-events\/press-releases\/detail\/1192\/amd-reports-first-quarter-2024-financial-results\"> <span style=\"font-weight: 400;\">projected $4 billion<\/span><\/a><span style=\"font-weight: 400;\"> in AI chip sales for 2024, representing about 15% of its expected revenue.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">AMD\u2019s trailing-12-month EBITDA and net income margins of 17.38% and 5.82% are 72.3% and 56.2% above their respective industry averages of 10.09% and 3.72%. After a nearly 30% decline from its 52-week high, AMD is trading at 47.21x forward non-GAAP P\/E, which is reasonable considering its AI prospects. Moreover, with the stock already up 57% over the past year, there\u2019s potential for even more significant gains in 2025 and beyond. Thus, investors looking for long-term growth might consider this as a strategic entry point before the market fully prices in its potential.<\/span><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The recent market volatility has created a golden opportunity for investors eyeing two tech giants: Alphabet Inc. (GOOGL) and Advanced Micro Devices, Inc. (AMD). Both companies have seen their stock prices fall considerably from their recent highs. While that might seem worrying, this dip offers an attractive entry point for investors, especially given the long-term [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":41,"featured_media":57769,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[32228,32172,34821,32229,34662,34818,34819,34123,34665,34820],"class_list":["post-59709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-advanced-micro-devices","tag-alphabet-inc-googl","tag-antitrust-concerns","tag-inc-amd","tag-projected-4-billion","tag-roadmap-for-its-instinct-accelerator-series","tag-ryzen-ai-300-series-processors","tag-second-quarter","tag-surged-115-year-over-year","tag-upside-of-21-8"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v23.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AMD and GOOGL Pull Back from Highs\u2014Here\u2019s Why It\u2019s Time to Buy - INO.com Trader&#039;s Blog<\/title>\n<meta name=\"description\" content=\"With Alphabet Inc. (GOOGL) and Advanced Micro Devices (AMD) trading considerably lower than their recent highs, now might be an opportune time to invest in these stocks, given their promising prospects. Learn more\u2026\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ino.com\/blog\/2024\/10\/amd-and-googl-pull-back-from-highs-heres-why-its-time-to-buy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AMD and GOOGL Pull Back from Highs\u2014Here\u2019s Why It\u2019s Time to Buy - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"With Alphabet Inc. (GOOGL) and Advanced Micro Devices (AMD) trading considerably lower than their recent highs, now might be an opportune time to invest in these stocks, given their promising prospects. Learn more\u2026\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ino.com\/blog\/2024\/10\/amd-and-googl-pull-back-from-highs-heres-why-its-time-to-buy\/\" \/>\n<meta property=\"og:site_name\" content=\"INO.com Trader&#039;s Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/inocom\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-03T10:00:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-10T19:41:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2022\/10\/chart.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"The INO.com Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The INO.com Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ino.com\/blog\/2024\/10\/amd-and-googl-pull-back-from-highs-heres-why-its-time-to-buy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2024\/10\/amd-and-googl-pull-back-from-highs-heres-why-its-time-to-buy\/\"},\"author\":{\"name\":\"The INO.com Team\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\"},\"headline\":\"AMD and GOOGL Pull Back from Highs\u2014Here\u2019s Why It\u2019s Time to Buy\",\"datePublished\":\"2024-10-03T10:00:03+00:00\",\"dateModified\":\"2024-10-10T19:41:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2024\/10\/amd-and-googl-pull-back-from-highs-heres-why-its-time-to-buy\/\"},\"wordCount\":1056,\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2024\/10\/amd-and-googl-pull-back-from-highs-heres-why-its-time-to-buy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/10\/chart.jpg\",\"keywords\":[\"Advanced Micro Devices\",\"Alphabet Inc. (GOOGL)\",\"antitrust concerns\",\"Inc. (AMD)\",\"projected $4 billion\",\"roadmap for its Instinct accelerator series\",\"Ryzen\u2122 AI 300 Series processors\",\"second quarter\",\"surged 115% year-over-year\",\"upside of 21.8%\"],\"articleSection\":[\"General\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ino.com\/blog\/2024\/10\/amd-and-googl-pull-back-from-highs-heres-why-its-time-to-buy\/\",\"url\":\"https:\/\/www.ino.com\/blog\/2024\/10\/amd-and-googl-pull-back-from-highs-heres-why-its-time-to-buy\/\",\"name\":\"AMD and GOOGL Pull Back from Highs\u2014Here\u2019s Why It\u2019s Time to Buy - INO.com Trader&#039;s Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2024\/10\/amd-and-googl-pull-back-from-highs-heres-why-its-time-to-buy\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2024\/10\/amd-and-googl-pull-back-from-highs-heres-why-its-time-to-buy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/10\/chart.jpg\",\"datePublished\":\"2024-10-03T10:00:03+00:00\",\"dateModified\":\"2024-10-10T19:41:17+00:00\",\"description\":\"With Alphabet Inc. (GOOGL) and Advanced Micro Devices (AMD) trading considerably lower than their recent highs, now might be an opportune time to invest in these stocks, given their promising prospects. Learn more\u2026\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ino.com\/blog\/2024\/10\/amd-and-googl-pull-back-from-highs-heres-why-its-time-to-buy\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/2024\/10\/amd-and-googl-pull-back-from-highs-heres-why-its-time-to-buy\/#primaryimage\",\"url\":\"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/10\/chart.jpg\",\"contentUrl\":\"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/10\/chart.jpg\",\"width\":1200,\"height\":630},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ino.com\/blog\/#website\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"name\":\"INO.com Trader&#039;s Blog\",\"description\":\"Expert Charts, Trading Tips and Technical Analysis from INO.com\",\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ino.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\",\"name\":\"INO.com Trader&#039;s Blog\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"contentUrl\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"width\":400,\"height\":472,\"caption\":\"INO.com Trader&#039;s Blog\"},\"image\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/inocom\/\",\"https:\/\/www.linkedin.com\/company-beta\/1056449\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\",\"name\":\"The INO.com Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg\",\"caption\":\"The INO.com Team\"},\"url\":\"https:\/\/wwwtest.ino.com\/blog\/author\/the-ino-com-team\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"AMD and GOOGL Pull Back from Highs\u2014Here\u2019s Why It\u2019s Time to Buy - INO.com Trader&#039;s Blog","description":"With Alphabet Inc. (GOOGL) and Advanced Micro Devices (AMD) trading considerably lower than their recent highs, now might be an opportune time to invest in these stocks, given their promising prospects. Learn more\u2026","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ino.com\/blog\/2024\/10\/amd-and-googl-pull-back-from-highs-heres-why-its-time-to-buy\/","og_locale":"en_US","og_type":"article","og_title":"AMD and GOOGL Pull Back from Highs\u2014Here\u2019s Why It\u2019s Time to Buy - INO.com Trader&#039;s Blog","og_description":"With Alphabet Inc. (GOOGL) and Advanced Micro Devices (AMD) trading considerably lower than their recent highs, now might be an opportune time to invest in these stocks, given their promising prospects. Learn more\u2026","og_url":"https:\/\/www.ino.com\/blog\/2024\/10\/amd-and-googl-pull-back-from-highs-heres-why-its-time-to-buy\/","og_site_name":"INO.com Trader&#039;s Blog","article_publisher":"https:\/\/www.facebook.com\/inocom\/","article_published_time":"2024-10-03T10:00:03+00:00","article_modified_time":"2024-10-10T19:41:17+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2022\/10\/chart.jpg","type":"image\/jpeg"}],"author":"The INO.com Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"The INO.com Team","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ino.com\/blog\/2024\/10\/amd-and-googl-pull-back-from-highs-heres-why-its-time-to-buy\/#article","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/2024\/10\/amd-and-googl-pull-back-from-highs-heres-why-its-time-to-buy\/"},"author":{"name":"The INO.com Team","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280"},"headline":"AMD and GOOGL Pull Back from Highs\u2014Here\u2019s Why It\u2019s Time to Buy","datePublished":"2024-10-03T10:00:03+00:00","dateModified":"2024-10-10T19:41:17+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ino.com\/blog\/2024\/10\/amd-and-googl-pull-back-from-highs-heres-why-its-time-to-buy\/"},"wordCount":1056,"publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.ino.com\/blog\/2024\/10\/amd-and-googl-pull-back-from-highs-heres-why-its-time-to-buy\/#primaryimage"},"thumbnailUrl":"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/10\/chart.jpg","keywords":["Advanced Micro Devices","Alphabet Inc. (GOOGL)","antitrust concerns","Inc. (AMD)","projected $4 billion","roadmap for its Instinct accelerator series","Ryzen\u2122 AI 300 Series processors","second quarter","surged 115% year-over-year","upside of 21.8%"],"articleSection":["General"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.ino.com\/blog\/2024\/10\/amd-and-googl-pull-back-from-highs-heres-why-its-time-to-buy\/","url":"https:\/\/www.ino.com\/blog\/2024\/10\/amd-and-googl-pull-back-from-highs-heres-why-its-time-to-buy\/","name":"AMD and GOOGL Pull Back from Highs\u2014Here\u2019s Why It\u2019s Time to Buy - INO.com Trader&#039;s Blog","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ino.com\/blog\/2024\/10\/amd-and-googl-pull-back-from-highs-heres-why-its-time-to-buy\/#primaryimage"},"image":{"@id":"https:\/\/www.ino.com\/blog\/2024\/10\/amd-and-googl-pull-back-from-highs-heres-why-its-time-to-buy\/#primaryimage"},"thumbnailUrl":"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/10\/chart.jpg","datePublished":"2024-10-03T10:00:03+00:00","dateModified":"2024-10-10T19:41:17+00:00","description":"With Alphabet Inc. (GOOGL) and Advanced Micro Devices (AMD) trading considerably lower than their recent highs, now might be an opportune time to invest in these stocks, given their promising prospects. Learn more\u2026","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ino.com\/blog\/2024\/10\/amd-and-googl-pull-back-from-highs-heres-why-its-time-to-buy\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/2024\/10\/amd-and-googl-pull-back-from-highs-heres-why-its-time-to-buy\/#primaryimage","url":"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/10\/chart.jpg","contentUrl":"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/10\/chart.jpg","width":1200,"height":630},{"@type":"WebSite","@id":"https:\/\/www.ino.com\/blog\/#website","url":"https:\/\/www.ino.com\/blog\/","name":"INO.com Trader&#039;s Blog","description":"Expert Charts, Trading Tips and Technical Analysis from INO.com","publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ino.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ino.com\/blog\/#organization","name":"INO.com Trader&#039;s Blog","url":"https:\/\/www.ino.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","contentUrl":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","width":400,"height":472,"caption":"INO.com Trader&#039;s Blog"},"image":{"@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/inocom\/","https:\/\/www.linkedin.com\/company-beta\/1056449\/"]},{"@type":"Person","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280","name":"The INO.com Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg","caption":"The INO.com Team"},"url":"https:\/\/wwwtest.ino.com\/blog\/author\/the-ino-com-team\/"}]}},"_links":{"self":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/59709"}],"collection":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/comments?post=59709"}],"version-history":[{"count":0,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/59709\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/media\/57769"}],"wp:attachment":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/media?parent=59709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/categories?post=59709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/tags?post=59709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}