- 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
AMD Could Beat Q2 Consensus Driven By Robust CPU, GPU Share Gains, Says This Analyst
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.
Related Posts
What’s Going On With Alibaba Stock Friday?
Alibaba Group Holding Ltd, facing a challenging period, has seen its stock value significantly decline, now trading at half the valuation of CLP Holdings Ltd. This decrease, a stark 77% fall from its 2020 peak, is attributed to sluggish domestic sales, fierce competition, and uncertainties stemming from changes in leadership and business strategy.
Alexandria Real Estate Equities Announces Early Renewal With insitro For A 6-Year Lease Extension At The Alexandria Center For Advanced Technologies Mega Campus In South San Francisco
Alexandria Real Estate Equities, Inc. (NYSE:ARE), the first, preeminent, longest-tenured and pioneering owner, operator and developer of collaborative life science mega campuses in AAA innovation cluster locations, today
Avinger Stock Is Soaring Again: What’s Going On?
Avinger Inc (NASDAQ: AVGR) shares are trading higher Tuesday, adding to outsized gains from Monday. Here's a look at what's going on.