AMD Positioned to Benefit from Tectonic Shift in Computing, Says Evercore ISI Group

WallStreetZen04-19

Evercore ISI Group's Mark Lipacis initiated their coverage on Advanced Micro Devices (NASDAQ: AMD) with a Buy rating and a $200 price target. In a sector review note titled "The Tectonic Shift in ...

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In a sector review note titled \"The Tectonic Shift in ...</p>\n\n<a href=\"https://www.wallstreetzen.com/news/amd-positioned-to-benefit-from-tectonic-shift-in-computing-says-evercore-isi-group\">Source Link</a>\n\n</div>\n","source":"wallstreetzen_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMD Positioned to Benefit from Tectonic Shift in Computing, Says Evercore ISI Group</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMD Positioned to Benefit from Tectonic Shift in Computing, Says Evercore ISI Group\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-19 15:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wallstreetzen.com/news/amd-positioned-to-benefit-from-tectonic-shift-in-computing-says-evercore-isi-group><strong>WallStreetZen</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Evercore ISI Group's Mark Lipacis initiated their coverage on Advanced Micro Devices (NASDAQ: AMD) with a Buy rating and a $200 price target. In a sector review note titled \"The Tectonic Shift in ...</p>\n\n<a href=\"https://www.wallstreetzen.com/news/amd-positioned-to-benefit-from-tectonic-shift-in-computing-says-evercore-isi-group\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1852331112.SGD","symbol_name":"Blackrock World Technology Fund A2 SGD-H","start_time":0,"source_url":"https://www.wallstreetzen.com/news/amd-positioned-to-benefit-from-tectonic-shift-in-computing-says-evercore-isi-group","article_id":"2428682390","we_media_id":null,"thumbnails":["https://images.unsplash.com/photo-1555617778-02518510b9fa?crop=entropy&cs=tinysrgb&fit=crop&fm=jpg&ixid=M3w0NDY2OTN8MHwxfGFsbHx8fHx8fHx8fDE2OTEyMjY1MjV8&ixlib=rb-4.0.3&q=80&w=260&utm_source=wallstreetzen&utm_medium=referral&utm_campaign=api-credit&h=180"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428682390","pubTimestamp":1713511860,"sourceInfo":{"source_id":"wallstreetzen_highlight","name":"WallStreetZen"},"weMediaInfo":null,"summary":"Evercore ISI Group's Mark Lipacis initiated their coverage on Advanced Micro Devices (NASDAQ: AMD) with a Buy rating and a $200 price target. 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In a sector review note titled \"The Tectonic Shift in Computing to The Parallel Processing Era,\" Lipacis highlighted AMD's position as a beneficiary of this shift. According to Lipacis, the company is capturing a greater share of server CPUs and the merchant accelerator market with its Mi300 series products. Lipacis further stated that AMD is establishing itself as a solid second source to Nvidia in merchant accelerators, a position that could strengthen with progress on its chip, hardware, and software ecosystem.Lipacis' bullish stance on AMD is in line with the sentiment among top-rated analysts. Currently, 90.9% of these analysts rate AMD as a Strong Buy or Buy, while 9.1% view it as a Hold. Notably, no analysts recommend or strongly recommend selling the stock. This overwhelming positive sentiment reflects the confidence in AMD's prospects.Looking at the consensus forecast among analysts, there are high expectations for AMD's upcoming year. The projected earnings per share (EPS) stands at $2.21, which would mark a significant increase of 317.3% on a year-over-year basis if realized. These optimistic estimates highlight the market's belief in AMD's ability to continue delivering strong financial performance.In terms of AMD's stock performance, it has been on an upward trajectory. Since the company's last quarterly report on December 30, 2023, the stock price has risen by 10.9%. On a year-over-year basis, it has surged by an impressive 81.9%. These gains have outpaced the broader market, with AMD clearly demonstrating its outperformance compared to the S&P 500, which has risen by 21.7% during the same period.Mark Lipacis, the analyst behind the coverage initiation, is highly regarded among Wall Street analysts. According to WallStreetZen, Lipacis is ranked in the top 5% out of 4,551 analysts, boasting an average return of 23.8% and a win rate of 47.4%. His expertise lies in the Consumer Cyclical, Communication Services, and Technology sectors, making his analysis of AMD particularly noteworthy.Advanced Micro Devices, Inc. is a global semiconductor company operating in two segments: Computing and Graphics, and Enterprise, Embedded, and Semi-Custom. The company offers a range of products, including x86 microprocessors, chipsets, graphics processing units (GPUs), data center and professional GPUs, and development services. Additionally, it provides server and embedded processors, semi-custom System-on-Chip (SoC) products, and technology for game consoles. AMD serves various customers, including original equipment manufacturers, public cloud service providers, system integrators, and more.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428682390"}