Overview

• AMD reported fiscal Q2 revenue of $7.69 billion, up about 31.7% year over year, with EPS of $0.48, and guided Q3 revenue to roughly $8.7 billion for about 28% growth.
• Shares have fallen more than 9% since August 5 on valuation concerns as analysts remain divided, with Citi at Hold ($180) and Truist and Piper Sandler at Buy ($213 and $190).
• HSBC on September 9 cut its price target to $185, reduced its MI355 average selling price estimate to $23,000 from $25,000, and lowered its 2026 AI GPU revenue forecast to $13.9 billion while maintaining a Buy rating.
• An SEC filing shows Advisors Capital Management increased its AMD position by 5.7% in Q1 to 53,503 shares valued at $5.497 million.
• TV host Jim Cramer voiced confidence in CEO Lisa Su and said there is room for both AMD and Nvidia, while a separate report claiming a 70% MI350 price increase remains unconfirmed.