Overview
- Bank of America raised its price target on AMD to $200 from $175 and UBS lifted its target to $210 while maintaining Buy ratings ahead of the August 5 earnings report.
- BofA Securities expects the company to beat Q2 and Q3 revenue and earnings estimates on robust demand for its AI GPUs and CPUs.
- Unconfirmed industry reports indicate AMD is considering a price increase for its Instinct MI350 accelerator from $15,000 to $25,000 in response to strong customer uptake.
- CEO Lisa Su has asserted that the MI350 series outperforms and costs less than Nvidia’s Blackwell B200, strengthening AMD’s positioning in the AI accelerator market.
- Investors are eyeing the August 5 earnings release for roughly $7.4 billion in revenue and $0.47 in EPS, with potential upside from resumed AI chip shipments to China.