AMD Q2 Earnings Preview: Analysts Expect Transitional Quarter Leading To AI-Powered Q4 Recovery
Portfolio Pulse from Shanthi Rexaline
Advanced Micro Devices (AMD) is expected to report Q2 earnings per share of $0.52, down from the year-ago's $1.05. The consensus revenue expectation is $4.81 billion, down 26.50% YoY. AMD's stock has risen about 77% this year. The average analysts’ price target is $136.36, suggesting roughly 19% upside from current levels. AMD's rival, Intel (INTC), reported an unexpected profit and better-than-expected revenue last week. Other companies mentioned include Nvidia (NVDA), Taiwan Semiconductor Manufacturing Company (TSM), Nokia (NOK), and Ericsson (ERIC).
August 01, 2023 | 1:18 pm
News sentiment analysis
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POSITIVE IMPACT
Intel reported an unexpected profit and better-than-expected revenue last week.
Intel's unexpected profit and better-than-expected revenue could positively impact the stock.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
AMD is expected to report lower Q2 earnings and revenue. However, the stock has risen significantly this year.
While AMD's expected lower earnings and revenue could negatively impact the stock, the significant rise in the stock price this year and the potential upside suggested by analysts could balance out the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Nvidia is mentioned as a peer of AMD in the AI game.
The mention of Nvidia as a peer of AMD in the AI game does not provide specific information that could impact the stock.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 30
NEGATIVE IMPACT
Ericsson is mentioned in relation to cautious comments regarding the outlook for the third quarter.
The mention of cautious comments regarding the outlook for the third quarter could negatively impact the stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 30
NEGATIVE IMPACT
Nokia is mentioned in relation to cautious comments regarding the outlook for the third quarter.
The mention of cautious comments regarding the outlook for the third quarter could negatively impact the stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 30
NEGATIVE IMPACT
Taiwan Semiconductor Manufacturing Company is mentioned in relation to cautious comments regarding the outlook for the third quarter.
The mention of cautious comments regarding the outlook for the third quarter could negatively impact the stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 30