AMD Is Rising Above Competition, Gains Significant Market Share In MPU Units: Analyst
Portfolio Pulse from Anusuya Lahiri
Citi analyst Christopher Danely has reiterated a Buy rating on Advanced Micro Devices, Inc (AMD), noting that the company has gained significant market share in MPU units according to Mercury Research's estimates for 3Q23. AMD's market share increased to 17.7%, while Intel Corp (INTC) and Arm Holdings Plc (ARM) saw declines in their shares. Danely projects higher EPS for AMD in CY23 and CY24 compared to consensus estimates. AMD's stock traded lower by 1.62% at the last check.
November 13, 2023 | 7:04 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
AMD has gained market share in the MPU segment, reaching 17.7%, and has a positive outlook from Citi analyst with higher projected EPS for CY23 and CY24.
The increase in market share and positive analyst rating, along with higher EPS projections, are likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Arm Holdings Plc lost a small portion of MPU market share, now holding 10.2%, which may have a minor negative impact on investor sentiment.
While the loss in market share is less significant than Intel's, it could still lead to negative perceptions among investors, potentially affecting the stock price negatively in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Intel Corp lost market share in the MPU segment, dropping to 72.1%, which could be a concern for investors.
Losing market share to a competitor like AMD could negatively impact investor sentiment and potentially lead to a short-term decline in Intel's stock price.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 70