Advanced Micro Devices, Inc. AMD

$AMD ? $AMD Goldman Sachs Reiterates Buy PT $175

AMD delivered 3Q24 results and 4Q24 guidance that were largely in-line with Street expectations. By segment, growth in Data Center accelerated for the fifth consecutive quarter (i.e. +122% yoy in 3Q24 vs. +81%/+115% yoy in 1Q/2Q24, respectively) as share gains in Server CPUs augmented growing adoption of AMD’s MI300 GPUs across multiple cloud service providers, including Microsoft, Meta and Oracle. While we are reducing our 2024-26 non-GAAP EPS (excl. SBC) estimates, on average, by 13%, we maintain our Buy rating on AMD as we foresee share gains in traditional compute and the company’s participation in AI compute driving revenue growth, margin expansion and earnings accretion over the medium- to long-run in excess of the industry average.

Ew so nasty

The after hour retail investors are making a terrible mistake!!!

$AMD back to 160s

$AMD Earnings call coming up. ?

$AMD earnings call scheduled for 5pm EST

The call is scheduled for 5pm EST. Relax