AMD Could Beat Q2 Consensus Driven By Robust CPU, GPU Share Gains, Says This Analyst

AMD Could Beat Q2 Consensus Driven By Robust CPU, GPU Share Gains, Says This Analyst
  • Advanced Micro Devices, Inc 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 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 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

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