AMD probably feels a bit un-loved by the market. By years end AMD will be back at about 165-170, and about 200 about this time next year.
AMD: Why I Am Aggressively Loading Up The Truck
AMD shares dropped 8% post-earnings despite beating top line estimates due to weak Q4 guidance.JHVEPhoto Shares of AMD sank 8% in extended trading after the semiconductor company reported earnings for its third fiscal quarter that met expectations but that failed to excite investors. AMD also reported a considerable ramp in Data Center-related revenue which was the second quarter in a row for the company in which its Data Centers generated triple-digit top line growth Y/Y. Although the company managed to beat top line estimates, the guidance for its fourth fiscal quarter was disappointing. I believe AMD is set for strong long term growth in the Data Center business amid a ramp in MI300X shipments and the growing pipeline of AI accelerators could turbo-charge the company's growth in FY 2025!
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