Advanced Micro Devices (AMD)

[behappyalways]

US Gov't Reportedly Blocks AMD From Selling AI Chip To China
https://www.zerohedge.com/geopolitical/ ... chip-china

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Did you know that $AMD's MI300X AI accelerator outperforms $NVDA's H100 with 30% more FP8 FLOPS, 60% more memory bandwidth, and more than 2x the memory capacity?
https://twitter.com/Mayhem4Markets/stat ... 0630125044

[behappyalways]

Huida leads the US stock investment feast, the market is targeting the next possible king

輝達領漲美股投資盛宴 市場瞄準下個可能王者 TVBS文茜的世界財經周報 20240310

https://m.youtube.com/watch?v=Qbvr5SVxqUo

[behappyalways]

AMD's Muted AI Sales Forecast Fails To Unleash Bulls
https://www.zerohedge.com/markets/amds- ... eash-bulls

[winston]

not vested

Advanced Micro Devices - Stock Analyst Research
Target Price* 190.00
Recommendation BUY

Advanced Micro Devices Inc. - More demand for AI

1Q24 results were slightly below expectations due to weaker Gaming and Embedded segments.
1Q24 revenue/PATMI was at 20%/4 % of our FY24e estimates.

We expect both revenue and PATMI to be backloaded into 2H24e as the MI300x ramp-up continues and Embedded recovers.

MI300x demand is still strong, with AMD increasing FY24e sales to >US$4bn on better supply visibility.

Customers are seeing better inferencing performance in MI300x vs. Nvidia’s H100.

AMD is also seeing very strong demand for its Ryzen 8000 Series CPUs as OEMs like Acer, HP, etc. began ramping their new notebook designs.

We lower our FY24e revenue/PATMI by 4%/6% due to prolonged weakness in Gaming and Embedded, offset slightly by higher DC + PC demand.

We lower our target price to US$190 (prev. US$195) while keeping our WACC/growth rate assumptions of 7.4%/5% unchanged.

Due to recent price movements, we upgrade to a BUY from ACCUMULATE.

We believe AMD will benefit from increasing AI-related investments while also gaining traditional server market share from enterprise transition to the Cloud.

We also see significant market share gains in PC due to its strong CPU product line.

Source: Phillips

https://www.poems.com.sg/stock-research/AMD/

[behappyalways]

Nvidia Dumps On Reports Of US Gov't Restricting AI Chip Sales To Middle East
https://www.zerohedge.com/markets/nvidi ... iddle-east

[winston]

not vested

Advanced Micro Devices reported second-quarter earnings on Tuesday that beat Wall Street expectations for revenue and showed continued growth in sales of the company’s AI chips.

AMD shares rose 8% in extended trading.

The chipmaker reported net income of $265 million, or 16 cents per share, versus net income of $27 million, or 2 cents per share, in the year-ago period.

Total revenue in the quarter rose 9 per cent to US$5.8 billion, which came in above estimates of US$5.72 billion.

AMD AI chip sales are reported in the company’s Data Center segment, which soared 115% year over year to $2.8 billion, driven by an increase in AI GPU shipments, AMD said.

AMD said it expects about $6.7 billion in sales in the current quarter, versus Wall Street expectations of 93 cents in earnings per share on $6.61 billion of sales.

Source: Phillips

[winston]

not vested

Advanced Micro Devices Inc. – AI still the key driver
Status: Maintained
Target Price: 180

2Q24 revenue was in line with expectations, and PATMI missed on higher R&D expenses.

1H24 revenue/PATMI was at 44%/12% of our FY24e estimates.

We expect PATMI to be backloaded into 2H24e as the MI300X ramp-up continues and Embedded recovers.

MI300X demand is still strong, with AMD increasing FY24e sales to >US$4.5bn on better supply ramp-up.

Accelerating AI product rollout in-line with NVDA’s annual cadence; new AI accelerators to have same infrastructure as MI300X for easier integration.

We cut our FY24e PATMI by 15% due to higher R&D expenses as AMD accelerates its product rollout cadence.

We maintain a BUY rating, but lower our target price to US$180 (prev. US$190) while keeping our WACC/growth rate assumptions of 7.4%/5% unchanged.

We believe AMD is still well positioned to capture AI-related investments due to its strong accelerator roadmap, while also gaining traditional server market share from enterprise transition to the Cloud.

Source: Phillips

https://www.stocksbnb.com/reports/advan ... ey-driver/

[winston]

not vested

AMD tumbles after AI chip growth fails to inspire investors

Revenue will be roughly US$7.5 billion in the fourth quarter, the company said on Tuesday (Oct 29). Analysts estimated US$7.55 billion on average.

Though the company now expects to get more than US$5 billion in sales from so-called AI accelerators this year – up from a previous forecast of US$4.5 billion – some analysts and investors had been looking for a bigger bump.

AMD’s third-quarter revenue rose 18 per cent to US$6.8 billion, beating an average estimate of US$6.7 billion. Profit, minus certain items, increased to 92 US cents a share, in line with projections.

In addition to being Nvidia’s biggest rival in AI accelerators, AMD also competes with that company in graphics chips used by computer gamers. And it goes head-to-head with Intel Corp. in personal computer and server processors.

Source: Bloomberg

https://www.businesstimes.com.sg/compan ... -investors

[winston]

not vested

Advanced Micro Devices - Stock Analyst Research
Target Price* 170.00
Recommendation BUY

Advanced Micro Devices Inc. – Strong AI demand, but cyclical segments still a drag

3Q24 revenue was in line with expectations, while PATMI missed on higher expenses.

9M24 revenue/PATMI was at 71%/43% of our FY24e estimates.

Strong momentum across MI300X, with AMD raising FY24e sales guidance to >US$5bn (+US$0.5bn from prev. guidance).

Gaining both server/PC CPU market share vs Intel.

We raise our FY24e DC/PC revenue by 6%/8%, and cut Gaming/Embedded by 30%/7% – which offset to leave FY24e total revenue unchanged.

We cut our FY24e PATMI by 25% due to higher expenses and lower overall margins due to a slower recovery in its Embedded segment.

We maintain BUY, but lower our target price to US$170 (prev. US$180). Despite this, we believe AMD is still well positioned to capture AI-related investments due to its strong accelerator roadmap while also gaining traditional server and PC CPU market share from Intel.

Source: Phillips

https://www.poems.com.sg/stock-research/AMD/