AMD Doesn’t Need to Beat Nvidia to Be a Big AI Winner
Source: 24/7 Wall St. ·
AMD's Data Center revenue just doubled and hyperscalers are signing gigawatt-scale deals, yet our model flags a specific risk hiding in plain sight that could send the stock sharply lower before those wins fully materialize.
From the source
AMD's Data Center revenue just doubled and hyperscalers are signing gigawatt-scale deals, yet our model flags a specific risk hiding in plain sight that could send the stock sharply lower before those wins fully materialize. Price Targets desk. Editor: Vandita Jadeja . This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. AMD ( NASDAQ:AMD | AMD Price Prediction ) has become the second AI chip supplier hyperscalers want, with Data Center revenue up 107% last quarter. Our own model sets the 24/7 Wall St. price target at $591.95 for the next 12 months. The stock trades at $613.32 today. The gap between price and target is small, and the model is highly confident. AMD is close to fair value after rising 186.13% year to date. Q3 guidance of about $13B in revenue, roughly 41% growth, keeps the growth story on track. Our target is below today’s price. The stock could beat our number if Helios keeps…