AMD's August 4 earnings report highlighted growing confidence in its AI-driven growth, prompting analysts to raise price targets despite recent share price declines. Truist increased its target to $594, citing improved product performance and a data center segment expected to more than double by 2027. Bernstein raised its target to $650, driven by strong Q3 revenue guidance and robust data center and embedded business growth. KeyBanc maintained its $725 target, noting strong data center revenue and AI GPU growth, though it cautioned results slightly missed the highest market expectations. Overall, AMD's outlook remains optimistic with significant growth anticipated in AI and data center markets through 2027.
The Dow Jones surged 650 points to a new high of 54,740, and the S&P 500 also reached an all-time high, rising 0.7% to 7,790. However, tech stocks showed weakness with the Nasdaq up only 0.35%, dragged down by a 10% plunge in SpaceX shares after its ...
Advanced Micro Devices (AMD) reported a strong second quarter, driven by its EPYC processors and potential growth from Helios and new Instinct GPUs. Despite solid results, the stock fell about 8% after hours, reflecting investor concerns that the goo...
US stock indexes are poised to reach new record highs as oil prices stabilize after a recent sharp decline, easing inflation concerns and boosting risk appetite. Dow Jones and S&P 500 futures rose 0.4%, while Nasdaq futures gained 0.2%, despite signi...
Advanced Micro Devices (AMD) reported strong profit and revenue growth in the first half of fiscal 2026, led by its Data Center segment which now accounts for over half of total revenue. However, the Client & Gaming and Embedded segments showed stagn...
AMD shares fell 8.8% in after-hours trading despite beating revenue and EPS expectations with $11.54 billion in sales and $1.66 EPS. The company also forecasted $13 billion in the next quarter, above estimates, and expects data center sales to double...
