Advanced Micro Devices, Inc. AMD

$AMD ? $META was one of the largest adopters of AMD’s $AMD Instinct GPUs in 2024, purchasing 173,000 from AMD, approximately 43% of its total GPU purchases during the year.

$AMD $AMD BUY WHEN OTHERS ARE FEARFUL

Weekly timeframe shows a cup n handle forming here. This is a bullish chart pattern overall. They are hitting flow too…

$AMD? $AMD “We think there is significantly more upside to CY25 than risks” - Northland

AMD is one of our Top Picks for CY25. We expect AMD to continue to gain share in AI GPUs, server CPUs, and PC clients as headwinds from the embedded and gaming segments abate. AMD is winning share in AI based on its roadmap and TCO. AMD has better products for server and client CPUs. The PC refresh cycle will likely be much stronger than currently expected. We think there is significantly more upside to CY25 than risks. We reiterate our $175 PT. AI: We are modeling AI revenue in CY25 to $9.5B, up from $5.2B, with a 1H:25 up 7% versus 2H:24. We think this is conservative as AMD will ramp its MI325X in 1H:25, and we believe the hardware is competitive with NVDA’s H200. Software remains the issue; see the next page. Server: In server CPUs, we expect AMD to continue gaining share, as early indications are that AMD’s Turin performs better than INTC’s Granite Rapids in most workloads. AMD’s non-AI data center revenue in CY24 is estimated at $7.7B, up 26% year over year. We are modeling non-AI revenue to be $8.5B, up 10% year over year. We think our estimate is conservative and a source of upside to our estimates. PC Clients: We expect AMD to continue to take share in PC clients from INTC. We expect strong PC demand in 2025 as MFST ends support for Windows 10, which runs on an estimated 1.2B systems. We estimate roughly 40% of these systems will be replaced in the next 18 months, or 480M units. While PC channel inventory is somewhat elevated, we believe AMD’s channel inventory is in good shape with spot shortages. We are modeling client revenue in CY25 to be $7.9B, up 15% y/y. We believe the client revenue could easily be $1B to $2B above our estimate of $7.9B if the replacement cycle unfolds as expected and AMD maintains market share. Other Revenue: In CY24, we estimate that embedded revenue declined by $1.7B and gaming revenue fell by $3.7B. Embedded revenue bottomed in Q1, grew in Q2 and Q3, and is expected to grow again in Q4. We are modeling embedded revenue to grow in CY25 to $4B, up $350M Y/Y. Gaming, we are modeling to be down $1.8B to $770M. Gaming revenue is more likely to be flat Y/Y.

$AMD ? $AMD has set up a once in a lifetime opportunity.

With $AMD down 40% from March levels and meanwhile the MAG 7 have been flying this dip is a gift.

Institutions have been loading hundreds of millions worth of calls for next year.

$300+ incoming in 2025.

Don’t miss it…

$AMD ? BearTards are going to get destroyed.

$AMD Lube that Butthole BearTards ????

$AMD You BearTards are gonna be destroyed

$AMD ?2025 will be AMD’s best year yet! $250+

$AMD ? It’s starting.

$AMD is set up for a massive breakout into 2025 that many do not expect.

Institutions have been loading calls very heavy today with over $30M+ for January.

The last time $AMD had a setup like this it ran $80+

$200+ incoming by April 2025.

Mark my words…

$AMD ?You whiny bitches need to just sell. You will miss $250+ in 2025 but will save us Bulls all of your BS….