![]() ![]() What are Analysts Saying About AMD?įollowing the Q3 print, Mizuho Securities analyst Vijay Rakesh lowered the price target for AMD stock to $95 from $102 to reflect near-term macro challenges and “investor sentiment into a potential slowdown.” The analyst cautioned that the PC market has yet to bottom. The prospects of AMD’s Embedded segment also seem appealing given the demand from clients in the automotive, networking, communications, and aerospace and defense markets.ĪMD expects its full-year revenue to rise about 43%, driven by the growth in the Embedded and Data Center segments. Additionally, the segment gained from the initial shipments of its 4th Generation EPYC central processing units (CPUs), called Genoa, to select customers.ĪMD is confident about the long-term growth and share gains of its Data Center business based on the extensive family of its CPUs, GPUs (graphics processing unit), FPGAs (field programmable gate array), adaptive SoCs, and data processing units (DPUs). The company stated that Q3 marked the 10th straight quarter of record server processor sales, fueled by solid demand for third-generation EPYC processors. ![]() Meanwhile, Data Center segments revenue surged 45% to $1.6 billion. The Embedded segments revenue jumped to $1.3 billion from $79 million, reflecting the impact of the Xilinx acquisition. The company benefited from higher revenue from the Data Center, Gaming, and Embedded segments. AMD Focusing on Prospects Beyond the Weak PC MarketĪMD’s Q3 revenue grew 29% year-over-year to $5.6 billion, even as revenue from the Client segment fell 40% due to weakness in the PC market. That said, most analysts remain optimistic about AMD due to the strength in its Data Center and Embedded segments. However, recent results reflected the slump in demand for PC processors, now that COVID lockdowns have ended. AMD and other chip makers witnessed a pandemic-led surge in personal computer (PCs) shipments. Advanced Micro Devices ( NASDAQ:AMD) stock is down significantly this year amid rising interest rates and declining demand. ![]()
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