Advanced Micro Devices (NASDAQ: AMD), a rival to Nvidia (NASDAQ: NVDA), has received a bullish endorsement from BofA Securities, which maintained its ‘Buy' rating and raised its price target from $175 to $200.
Semiconductor standout Advanced Micro Devices Inc (NASDAQ:AMD) is up 4% to trade at $173.04 today, after UBS hiked its price target to $210 from $150.
AMD heads into Q2 FY2025 earnings with strong momentum, driven by robust AI and data center demand, and a history of consistent double-beats. Q1 results saw revenue up 36% and EPS up 55% YoY, with data center sales surging 57% and gross margin reaching 54%. The company's AI partnerships, new product launches, and ZT Systems acquisition position AMD to capture a larger share of the $500B+ AI compute market.
AMD's stock remains highly volatile, reflecting ongoing uncertainty and rapid shifts in market sentiment, but still underperforms major indexes. Advanced Micro Devices is positioning itself for inference, which is predicted to be the larger TAM compared to training. China restrictions have been lifted, as the Saudi deal no longer covers for the China losses but could be considered additional revenue.
AMD CEO Lisa Su says chips from TSMC's Arizona facilities will be between 5% and 20% more expensive than similar parts from factories in Taiwan. Su spoke to Bloomberg Tech Co-Anchor Ed Ludlow in Washington, DC.
In the most recent trading session, Advanced Micro Devices (AMD) closed at $154.72, indicating a -1.45% shift from the previous trading day.
Bernstein has raised its price target on Advanced Micro Devices (NASDAQ: AMD) to $140 from $95, citing the company's growing role in the artificial intelligence hardware race.
Recently, Zacks.com users have been paying close attention to Advanced Micro (AMD). This makes it worthwhile to examine what the stock has in store.
Corporate insiders have taken a sharply pessimistic turn – selling their companies' shares at the fastest rate in at least a decade.
I rate AMD a Buy. AMD is the 'Rook' of the AI ecosystem, dominating AI and data centers, PCs and Laptops, Embedded systems, and networking. China is an important market for AMD. And the US just gave AMD permission to continue exporting its chips into China.
Shares of Advanced Micro Devices ( NASDAQ:AMD ) exploded over the past month, gaining 24.45%.