AMD

Former head of Oak Ridge National Laboratory to accelerate adoption of AMD technologies for sovereign AI deployments benefiting citizens around the world SANTA CLARA, Calif., March 04, 2024 (GLOBE NEWSWIRE) — Today AMD (NASDAQ: AMD) announced that Thomas Zacharia has joined AMD as senior vice president of strategic technology partnerships and public policy. Zacharia will lead the global expansion of AMD public/private relationships with governments, non-governmental organizations (NGOs) and other organizations to help fast-track the deployment of customized AMD-powered AI solutions to meet rapidly growing number of global projects and applications targeting the deployment of AI for the public good. “Thomas is a distinguished leader with decades of experience successfully creating public/private partnerships that have resulted in consistently deploying the world’s most powerful and advanced computing solutions, including the world’s fastest supercomputer Frontier,” said AMD Chair and CEO Lisa Su. “As the former Director of the U.S.’s largest multi-program science […]

Advanced Micro Devices (NASDAQ:AMD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/20/2024 16.6% Cantor Fitzgerald → $190 Reiterates Overweight → Overweight 02/13/2024 22.74% Mizuho $175 → $200 Maintains Buy 02/12/2024 16.6% Cantor Fitzgerald → $190 Reiterates Overweight → Overweight 02/01/2024 10.46% Goldman Sachs $157 → $180 Maintains Buy 01/31/2024 53.42% Rosenblatt $200 → $250 Maintains Buy 01/31/2024 10.46% Raymond James $195 → $180 Maintains Outperform 01/31/2024 22.74% Wedbush → $200 Reiterates Outperform → Outperform 01/31/2024 19.67% Northland Capital Markets → $195 Upgrades Market Perform → Outperform 01/31/2024 6.78% Truist Securities $154 → $174 Maintains Hold 01/31/2024 16.6% Cantor Fitzgerald → $190 Reiterates Overweight → Overweight 01/31/2024 16.6% Roth MKM $125 → $190 Maintains Buy 01/31/2024 16.6% Wells Fargo $165 → $190 Maintains Overweight 01/31/2024 22.74% Susquehanna $210 → $200 Maintains Positive 01/31/2024 17.83% Citigroup $136 → $192 Maintains Buy 01/31/2024 10.46%

Advanced Micro Devices (NASDAQ:AMD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/13/2024 16.19% Mizuho $175 → $200 Maintains Buy 02/12/2024 10.38% Cantor Fitzgerald → $190 Reiterates Overweight → Overweight 02/01/2024 4.58% Goldman Sachs $157 → $180 Maintains Buy 01/31/2024 45.24% Rosenblatt $200 → $250 Maintains Buy 01/31/2024 4.58% Raymond James $195 → $180 Maintains Outperform 01/31/2024 16.19% Wedbush → $200 Reiterates Outperform → Outperform 01/31/2024 13.29% Northland Capital Markets → $195 Upgrades Market Perform → Outperform 01/31/2024 1.09% Truist Securities $154 → $174 Maintains Hold 01/31/2024 10.38% Cantor Fitzgerald → $190 Reiterates Overweight → Overweight 01/31/2024 10.38% Roth MKM $125 → $190 Maintains Buy 01/31/2024 10.38% Wells Fargo $165 → $190 Maintains Overweight 01/31/2024 16.19% Susquehanna $210 → $200 Maintains Positive 01/31/2024 11.55% Citigroup $136 → $192 Maintains Buy 01/31/2024 4.58% JP Morgan $115 → $180 Maintains Neutral 01/31/2024 4.58% Goldman

Advanced Micro Devices (NASDAQ:AMD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/31/2024 15.87% Wells Fargo $165 → $190 Maintains Overweight 01/31/2024 18.92% Northland Capital Markets → $195 Upgrades Market Perform → Outperform 01/31/2024 21.97% Wedbush → $200 Reiterates Outperform → Outperform 01/31/2024 9.77% Raymond James $195 → $180 Maintains Outperform 01/31/2024 21.97% Susquehanna $210 → $200 Maintains Positive 01/31/2024 52.46% Rosenblatt $200 → $250 Maintains Buy 01/31/2024 17.09% Citigroup $136 → $192 Maintains Buy 01/31/2024 9.77% JP Morgan $115 → $180 Maintains Neutral 01/31/2024 9.77% Goldman Sachs $157 → $180 Maintains Buy 01/31/2024 64.66% Keybanc $195 → $270 Maintains Overweight 01/30/2024 21.97% Rosenblatt → $200 Reiterates Buy → Buy 01/30/2024 18.92% Raymond James $190 → $195 Downgrades Strong Buy → Outperform 01/29/2024 15.87% Cantor Fitzgerald → $190 Reiterates Overweight → Overweight 01/29/2024 17.7% Morgan Stanley $128 → $193 Maintains Overweight 01/29/2024

Advanced Micro Devices is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. After trading closed Tuesday, the chipmaker posted a fourth-quarter profit of $667 million, or 41 cents a share, beating analysts’ expectations for per-share earnings of 25 cents. Revenue rose 10% to $6.17 billion, higher than the $6.13 billion that analysts were expecting. However, AMD forecast $5.4 billion, plus or minus $300 million, in revenue in the first-quarter of 2024, below analysts’ expectations of $5.73 billion. Dow Jones & Co. owns Factiva.

Advanced Micro Devices’ (AMD) Q1 sales outlook of $5.4 billion, plus or minus $300 million, was “slightly worse” than the consensus of $5.8 billion, BofA Securities said in a note Tuesday. The firm’s forecast is revenue of $5.5 billion. “Weak outlook is primarily in programmable chips, gaming and PC, deeper than expected,” BofA said. The firm also said that the company’s data center segment is “strongly on track” and points to “continued share gains” against Intel (INTC). BofA increased the data center sales forecast for AMD by 5% to 6% to $12 billion in 2024 and to $15.9 billion in 2025. The firm lowered its EPS estimates for the company to $3.62 from $3.83 in 2024 and to $5.07 from $5.20 in 2025. BofA maintained the buy rating and $195 price objective on AMD stock.

AMD’s projected slump in its gaming business isn’t worrying analysts at UBS. They say in a research note that the gaming segment is seeing a larger-than-expected correction, as the chipmaker forecasts an implied 30% sequential drop in gaming revenue in the next two quarters. Still, the analysts say AMD raised its implied revenue guidance for its data center business, which includes AI chips. That segment is core to their investment thesis, and they see it on track to generate half of revenue in 2024. “If this were AMD’s only business, this would have been a great result & guidance as momentum continues to grow,” they say. Shares fall 2.5% to $167.74.

By Ryan Shrout The chip maker’s latest earnings show both promise and the challenges ahead The earnings whirlwind for technology and silicon companies now has enveloped Advanced Micro Devices Inc. (AMD) after it reported fourth-quarter and full-year 2023 results. I know that many other stories and analysts will dive into the dollars more deeply than me, but it’s worth recounting a couple of the key points that I think are relevant to how we look at the ability for AMD to sustain its momentum into 2024. From a fourth-quarter 2023 perspective, looking at year-on-year comparisons to a 2022 that was by all accounts pretty bad for AMD (and the chip market in general), revenue was up 10%, gross profit was up 10%, margin was essentially flat, and operating income jumped 12% to over $1.4 billion. Drilling into AMD’s key business units, the data-center group saw a 38% increase in revenue

Advanced Micro Devices (NASDAQ:AMD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/30/2024 15.77% Rosenblatt → $200 Reiterates Buy → Buy 01/30/2024 12.87% Raymond James $190 → $195 Downgrades Strong Buy → Outperform 01/29/2024 9.98% Cantor Fitzgerald → $190 Reiterates Overweight → Overweight 01/29/2024 11.72% Morgan Stanley $128 → $193 Maintains Overweight 01/29/2024 12.87% B of A Securities $165 → $195 Maintains Buy 01/29/2024 21.56% Susquehanna $170 → $210 Maintains Positive 01/25/2024 27.34% UBS $135 → $220 Maintains Buy 01/24/2024 24.45% New Street Research → $215 Upgrades Neutral → Buy 01/23/2024 9.98% Cantor Fitzgerald → $190 Initiates Coverage On → Overweight 01/22/2024 — Northland Capital Markets Downgrades Outperform → Market Perform 01/19/2024 9.98% Raymond James $140 → $190 Maintains Strong Buy 01/16/2024 15.77% Barclays $120 → $200 Maintains Overweight 01/16/2024 12.87% Keybanc $170 → $195 Maintains Overweight 01/08/2024 8.82% Melius Research →

Rosenblatt analyst Hans Mosesmann reiterates Advanced Micro Devices (NASDAQ:AMD) with a Buy and maintains $200 price target.

AMD Reports Fourth Quarter and Full Year 2023 Financial Results SANTA CLARA, Calif., Jan. 30, 2024 (GLOBE NEWSWIRE) — AMD (NASDAQ:AMD) today announced revenue for the fourth quarter of 2023 of $6.2 billion, gross margin of 47%, operating income of $342 million, net income of $667 million and diluted earnings per share of $0.41. On a non-GAAP((*) basis, gross margin was 51%, operating income was $1.4 billion, net income was $1.2 billion and diluted earnings per share was $0.77. For the full year 2023, the company reported revenue of $22.7 billion, gross margin of 46%, operating income of $401 million, net income of $854 million and diluted earnings per share of $0.53. On a non-GAAP((*) basis, gross margin was 50%, operating income was $4.9 billion, net income was $4.3 billion and diluted earnings per share was $2.65. “We finished 2023 strong, with sequential and year-over-year revenue and earnings growth driven

AMD Reports Q4 EPS of $0.77 on Revenue of $6.2 Billion, Vs CIQ Analyst Consensus of $0.77/Share on Revenue of $6.14 Billion。