What's Going On With AMD Stock Friday?
Portfolio Pulse from Anusuya Lahiri
AMD is reportedly exploring alternatives to its production and partner foundries to reduce reliance on TSMC. CEO Lisa Su expressed openness to leveraging TSMC sites outside Taiwan and highlighted the significant opportunity in AI with GPUs. BofA analyst Vivek Arya cut his price target for AMD to $130 from $135, citing pressure from NVDA's full-stack AI platform on AMD data center GPU market share.
July 21, 2023 | 3:14 pm
News sentiment analysis
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POSITIVE IMPACT
NVDA's full-stack AI platform is putting pressure on AMD's data center GPU market share, according to a BofA analyst.
The pressure from NVDA's AI platform on AMD's data center GPU market share, as noted by a BofA analyst, suggests that NVDA's AI platform is competitive, which could positively impact NVDA's market position and revenues.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
AMD is exploring alternatives to reduce reliance on TSMC, which could impact its production costs and efficiency. The company's stock price target was cut by a BofA analyst due to pressure from NVDA's AI platform.
AMD's exploration of alternatives to TSMC could lead to changes in production costs and efficiency, which could impact its financial performance. The cut in the stock price target by a BofA analyst due to competition from NVDA's AI platform could also affect investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
AMD is exploring alternatives to reduce reliance on TSMC, which could impact TSMC's revenues if AMD is a significant customer.
If AMD is a significant customer of TSMC, AMD's exploration of alternatives could lead to a reduction in TSMC's revenues.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80