Posted 1/30/2024, 8:00:00 AM
AMD Earnings and Guidance in Focus as Investors Bet on AI Growth
- AMD will report Q4 earnings on Tuesday, with estimates of $6.13B revenue and $0.77 adjusted EPS
- Current quarter revenue estimate is $5.73B with $0.67 EPS
- Analyst raised AMD price target to $210 on positive AI chip outlook, specifically the MI300 data center GPU
- AMD predicted $2B in MI300 revenue by 2024 - investors want update and potentially raised guidance to $3B+ this year
- AMD stock up 134% in past year on strong growth prospects like AI chips