- Advanced Micro Devices, Inc (NASDAQ:AMD) reports its 2Q22 earnings on August 2, and Rosenblatt expects its sales and EPS to beat its and the consensus estimates.
- Rosenblatt saw the quarterly revenues driven by solid CPU and GPU share gains in consumer and data center segments, plus strength in broader-based Xilinx FPGA trends.
- Intel Corp’s (NASDAQ:INTC) massive miss in data center sales and outlook is a multi-year tailwind, to say the least, as per the firm.
- Rosenblatt saw an upside to its 3Q sales and EPS in line with consensus, driven by continued share gain momentum in CPUs and GPUs.
- During the call, Rosenblatt would look for info on next-generation CPU Zen 4-based Ryzen 7000, EPYC 4, next-generation RDNA/CDNA GPU roadmaps, and Xilinx’s early synergies to communications, data center, automotive, and industrial markets.
- Rosenblatt was keen on understanding AMD’s supply situation with front-end wafers from Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM) for the rest of the year and next.
- Rosenblatt reiterated Buy for AMD and a price target of $200.
- Price Action: AMD shares traded higher by 0.84% at $92.44 on the last check Friday.
- Image by cebbi from Pixabay
These 2 High Yielders Could Benefit From An Energy Rally As OPEC+ Cuts Oil Production
The SPDR Select Sector Fund Utilities (ARCA: XLU) is down roughly 10% year-to-date and only invests in utility companies that are included in the S&P 500.
With gas futures surging after OPEC+ decided to cut 2 million barrels per day in oil production, many investors are preparing for a winter season with an oil and gas supply crunch.
