Advanced Micro Devices (AMD)

[behappyalways]

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

[behappyalways]

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/