Overview
- AMD, which reports after the close Tuesday, May 5, is expected to post about $9.88 billion in revenue and $1.27 to $1.28 in adjusted EPS, roughly 33% above last year.
- Options markets point to a move of up to 8% in either direction by the end of the week following the results.
- Shares have climbed about 70% this year to record highs on strong demand for AI chips, helped by new partnerships with Anthropic and Meta.
- D.A. Davidson upgraded the stock to Buy with a $375 target, citing stronger CPU demand and positive read-throughs from Intel’s recent results.
- RBC lifted its target to $325 but kept a Hold rating, pointing to a rich multiple and wafer supply constraints that could limit upside.