- 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
Hackers Steal $8M from BitKeep Wallets Via Malicious Android App
Thieves compromised BitKeep cryptocurrency wallets after creating an "unofficial" Android app, resulting in the theft of money from user wallets.
According to blockchain security services provider PeckShield, approximately $8 million worth of assets were stolen.
