Advanced Micro Devices Inc (NASDAQ:AMD, ETR:AMD) will report its second quarter earnings next week, and Bank of America analysts expect the chipmaker to deliver results ahead of consensus, driven by strength in its core CPU and GPU businesses and favorable pricing dynamics in AI products. The bank's analysts repeated their ‘Buy' rating on AMD shares and raised their price objective to $200 from $175, citing a stronger AI CPU and GPU environment.
Advanced Micro Devices (NASDAQ: AMD) continues its blistering 2025 rally, pushing closer to a milestone that analysts now widely expect a $200 share price.
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.
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Corporate insiders have taken a sharply pessimistic turn – selling their companies' shares at the fastest rate in at least a decade.