AMD Q3 Earnings Preview: Can AI, Server Gains Help Narrow The Semiconductor Gap With Nvidia?
Portfolio Pulse from Piero Cingari
AMD is set to report its Q3 2024 earnings, with expectations of a 31% increase in EPS and a 16% rise in revenue. Analysts are optimistic about AMD's server and AI GPU gains, despite mixed past stock reactions. Rosenblatt and Goldman Sachs maintain positive outlooks, citing potential market share gains.
October 28, 2024 | 3:33 pm
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NEGATIVE IMPACT
AMD's potential market share gains in server CPUs could impact Intel, as AMD's next-gen CPUs may offer better TCO and efficiency.
AMD's potential market share gains in server CPUs could negatively impact Intel, especially if AMD's products offer superior TCO and efficiency.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 40
NEUTRAL IMPACT
AMD's upcoming earnings report may impact its competitive position against Nvidia, as AMD aims to narrow the performance gap with server and AI GPU gains.
While AMD's earnings could influence its competitive position, the direct impact on Nvidia is less certain, as it depends on AMD's ability to close the performance gap.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
AMD is expected to report strong Q3 2024 earnings with a 31% increase in EPS and a 16% rise in revenue. Analysts are optimistic about AMD's server and AI GPU gains, despite mixed past stock reactions.
The anticipated strong earnings growth and positive analyst outlooks suggest a potential positive impact on AMD's stock price. However, past mixed stock reactions introduce some uncertainty.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100