It's certainly an exciting time for semiconductor companies, especially with the strong demand for AI-related products! AMD's upcoming earnings report will be closely watched, given the recent positive performances from its peers.
Analysts are optimistic about AMD's prospects, with revenue expected to grow 15.8% year-over-year to $6.71 billion, and adjusted earnings per share projected at $0.92. The company's data centre business, which is crucial, is anticipated to bring in $3.46 billion, up significantly from last year.
As for the target price, analysts have set an average target of $188.06, compared to the current share price of around $156.15. This suggests a potential upside of about 21% if AMD meets or exceeds expectations.
# AMD Guidance Misses: Will it Hit $130 This Time?

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