Advanced Micro Devices Inc. (AMD) is gearing up for a significant catalyst that could put its stock price on the fast track, much like last year’s Advancing AI event. This Thursday, AMD is expected to reveal a slew of product announcements, specifically concerning its new MI325X artificial-intelligence accelerator, along with updates related to their central processing units (CPUs) and graphics processing units (GPUs). With heightened anticipation among investors, the key question looms: Can AMD deliver the goods and propel its stock price higher once again?<\/p>\n
Last year\u2019s Advancing AI event proved to be a game-changer for AMD, sending shares soaring by 10% in the session following the event. In fact, through the rest of the year, AMD outperformed Nvidia Corp. shares (NVDA) and the broader PHLX Semiconductor Index (SOX). According to Cantor Fitzgerald’s C.J. Muse, this year the expectations are higher. \u201cAMD will need to provide greater confidence in the company\u2019s technology roadmap,\u201d he states, emphasizing the importance of securing inference design wins with a broader array of customers\u2014a challenge that could define this year’s outcome.<\/p>\n
There\u2019s buzz in the air that major players like Amazon Inc. (AMZN) or Alphabet Inc. (GOOG, GOOGL) could take the stage during the event. Muse points out that if management makes a great impression here, there could very well be an \u201coutperformance into the day\u201d and perhaps even extending into 2025. Compare this with AMD\u2019s sluggish performance so far this year\u2014up only 15% compared to Nvidia’s monumental 155% rise and the semiconductor sector’s 24% rally\u2014and you’re staring down a potentially explosive scenario.<\/p>\n
Investors are keeping a keen eye on any figures shared by AMD management. One of the most anticipated announcements is an updated estimate for the company\u2019s total addressable market in AI extending out to 2030. However, they\u2019re also looking for more immediate insights. Muse suggests that confidence in AI GPU revenues could resonate strongly, particularly if AMD can project revenues exceeding $12 billion by calendar 2025. Achieving this could bolster earnings significantly, with estimates suggesting earnings power could approach $6\u2014or a stock price nearing $200.<\/p>\n
Melius Research\u2019s Ben Reitzes notes that this year\u2019s event arrives \u201ca little earlier than last year,\u201d which could set the stage for more timely announcements. Reitzes and his team expect a well-rounded presentation covering AMD’s AI exposure across PCs, x86 servers, and GPUs. He advises investors to pay special attention to the Turin server announcements as they could represent a pivotal moment for AMD, directly impacting Intel Corp. (INTC) by stealing market share.<\/p>\n
As we prepare for Thursday\u2019s event, AMD’s trajectory is on the table. With a historical context showcasing strong rally potentials post-event, the stakes are elevated. Investors are keenly aware of the need for AMD to leverage its technological advancements to re-establish confidence after lagging behind Nvidia and the semiconductor sector in terms of stock performance.<\/p>\n
AMD\u2019s event isn\u2019t just a formality; it\u2019s a crossroads that could dictate the future momentum of the stock. With tests of their AI capabilities and strategic partnerships looming, this is a pivotal moment for AMD. Stay alert, traders\u2014this is shaping up to be the kind of opportunity you can’t afford to miss!<\/p>\n","protected":false},"excerpt":{"rendered":"
AMD’s Upcoming Catalyst: Will the Stock Rally Again? Big Event on the Horizon Advanced Micro Devices Inc. (AMD) is gearing up for a significant catalyst that could put its stock price on the fast track, much like last year’s Advancing AI event. This Thursday, AMD is expected to reveal a slew of product announcements, specifically…<\/p>\n","protected":false},"author":32,"featured_media":10012,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[694],"tags":[],"class_list":["post-10013","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech-stocks"],"_links":{"self":[{"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/posts\/10013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/comments?post=10013"}],"version-history":[{"count":0,"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/posts\/10013\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/media\/10012"}],"wp:attachment":[{"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/media?parent=10013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/categories?post=10013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/tags?post=10013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}