![]() ![]() That said, despite expecting “continued strong revenue growth and solid profitability improvement” over the long term, the growing competition (Nvidia, Intel, ARM-based and so on), continued difficulty in achieving “incremental share gains,” and the overall “risk off” market mode regarding growth names, are why Seymore has a Hold (i.e. NASDAQ:AMD Advanced Micro Devices (AMD) Price Target & Analyst Ratings 110.58 +0.11 (+0.10) (As of 01:04 PM ET) Compare Today's Range 109.80 113.89 50-Day Range 107.51 129.19 52-Week Range 54.57 132.83 Volume 37.23 million shs Average Volume 65.03 million shs Market Capitalization 178. These include the addition of newer “product offerings” (XLNX, Pensando) and an environment where competition has intensified beyond the rivalry with just Intel.Ī relatively comprehensive roadmap detailing the plans for various segments - Data Center, PCs, Gaming, and Embedded – should also be provided, and one which will stress the “differentiations” compared to the product introduction plans issued by Intel earlier this year. ![]() So, what to look forward to at the event? Seymore expects AMD will “rightfully exhibit continued confidence in its future growth potential,” although there are now more “moving parts” to consider. The result is a market cap that has more than doubled since the previous Analyst Day. It has since closed the gap between the two companies considerably. For the latter, astute leadership has steered the company superbly while AMD has also been quick to pounce when largest competitor Intel has stumbled. The outsized gains are down to a combination of industry-wide and company-specific “tailwinds.”įor the former, see the pandemic-driven demand for PC/gaming and “strength” in Data Center spending. As Deutsche Bank’s Ross Seymore puts it, “The strength of AMD's execution since its March 2020 Analyst Day cannot be understated, as evidenced by the company ultimately beating Street 2021 revenue estimates by ~+60% and EPS estimates by +75%.” In the meantime, despite suffering like most others in 2022’s volatile stock market, AMD has further cemented its place as a proper chip giant. That might only be 2 years ago, but much has changed in the interim the world is now on the other side of a global pandemic and faced with a whole new set of concerns with the prospect of a recession very real. Next Thursday (June 9), Advanced Micro Devices ( AMD ) will hold its Analyst Day, the first such event since March 2020. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |