BNP Paribas raised AMD's price target from $460 to $600, not due to expected near-term earnings growth but because investors are valuing AMD higher for its long-term potential in AI infrastructure. The firm notes that the next major AI spending wave, involving custom processors and networking tech, is expected to start late in Q3, so earnings in the near term may be quiet. This reflects growing confidence in AMD's role in the evolving AI market beyond just GPUs. Investors should view this as a bet on the durability of AMD's AI growth story rather than immediate financial performance.
AMD announced its agreement to acquire Taalas, a Toronto-based startup specializing in AI inference chips that are customized for specific AI models. These chips offer faster and cheaper processing for certain AI tasks compared to traditional GPUs, w...
AMD's stock price fell sharply after its latest earnings report, despite beating analyst expectations on key metrics. The short volume ratio hit a two-week high of 62.60, indicating increased bearish sentiment among investors. The decline may be link...
The GraniteShares 2x Long AMD Daily ETF (AMDL) surged 302.7% year-to-date, outperforming AMD's 142.15% gain due to daily compounding in a trending market. However, after AMD's strong Q2 earnings report, AMDL dropped 15.19% intraday, reflecting its le...
Advanced Micro Devices (AMD) reported a record Q2 revenue of $11.5 billion, driven by a 107% increase in data center revenue. Despite strong sales and optimistic Q3 guidance, the company's non-GAAP gross margin remained flat at 56%, raising concerns ...
SpaceX reported strong revenue but shocked investors with $15.83 billion spent on AI infrastructure in Q2. It named NVIDIA as the exclusive AI chip supplier for its Starmind program, boosting NVIDIA-linked ETFs while SpaceX shares fell. AMD, despite ...
