Top Four Nasdaq 100 Stocks to Watch Next Week: AMD, Uber, Palantir, Airbnb

The Nasdaq 100 Index has slumped by over 8% from the year-to-date high as some high-profile artificial intelligence (AI) stocks like Micron (NASDAQ: MU ) and Nvidia (NASDAQ: NVDA ) have slipped.

Its sell-off faded this week as the big-tech earnings came in and after the Federal Reserve left interest rates unchanged.

This article explores some of the top stocks to watch next week.

AMD to Showcase its Data Center Growth Lisa Su ’s Advanced Micro Devices (NASDAQ: AMD ) will be a top tech stock to watch as it releases its financial results on Tuesday.

These numbers come at a time when the stock is stuck in a correction after falling by 18% from the year-to-date high.

AMD is facing some substantial competition pressure.

Nvidia (NASDAQ: NVDA ) has unveiled its Central Processing Unit (CPU), while top hyperscalers like Microsoft (NASDAQ: MSFT ), Alphabet (NASDAQ: GOOG ) and Amazon (NASDAQ: AMZN ) have launched their in-house GPUs.

AMD has gone on the offensive.

It recently announced a $5 billion investment in Anthropic.

It also announced a large deal that will see OpenAI deploy 6 gigawatts of AMD GPUs.

OpenAI will have the option to take a 10% stake in AMD.

The upcoming earnings are expected to show that its revenue growth accelerated in the quarter.

Analysts expect the data to show that its revenue jumped by 47% to $11.31 billion, with the earnings-per-share rising from $0.48 to $1.61. data shows that most analysts have a bullish outlook for the stock, with the consensus target being $529.

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This retreat happened as the company faces numerous challenges, including its faltering partnership with Waymo and rising competition.

Uber recently announced a large M&A deal that will see it acquire Delivery Hero, a large name in Europe for $14.8 billion.

As such, the upcoming earnings will likely provide a reset, especially if it demonstrates strong organic growth.

The average estimate is that its revenue jumped by 12.7% in the second quarter to $14.27 billion.

Its EPS is expected to rise from 63 cents to 83 cents.

Airbnb’s Earnings to Showcase World Cup Success Airbnb (NASDAQ: ABNB ) stock soared to $156 this week, its highest level since February last year.

It has soared by over 30% from its lowest level this year, helped by rising demand during the World Cup.

The impact of the US-Iran war on the company was relatively limited.

Analysts predict that its revenue rose by 15.4% to $3.58 billion, while its EPS moved from $1.03 to $1.25. data shows that only 1 Wall Street analyst has a sell rating on the company.

25 of these analysts have a buy rating, with the average target being $160.

Palantir Technologies to Publish Earnings as its Stock Remains Under Pressure Palantir Technologies (NASDAQ: PLTR ) stock has slumped by over 40% from its all-time high as investors have dumped software companies.

It also retreated as investors booked profits after its multi-year rally that pushed it to $207 from the pandemic low of $5.8.

Palantir will release its earnings on Monday, with its growth trajectory expected to continue.

The estimate is that its revenue jumped by 80% YoY to $1.8 billion.

This growth will be driven by its government and commercial divisions as demand for its products rise.

Palantir Technologies has seen its valuation multiples improve, with its forward price-to-earnings ratio falling from over 200 to 80.

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