Assessing HSBC's Skepticism: An Unjustified Downgrade; Reiterate Strong Buy On Advanced Micro Devices
Portfolio Pulse from
HSBC's skepticism towards AMD is seen as unjustified, with a reiteration of a strong buy recommendation. Despite AMD's AI GPU being less competitive than Nvidia's, AMD is projected to deliver 30% earnings growth annually, driven by datacenter GPU demand growth. AMD's valuation is considered undervalued.
January 17, 2025 | 8:30 am
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HSBC's downgrade of AMD is seen as unjustified. AMD is projected to deliver 30% earnings growth annually, driven by datacenter GPU demand growth. AMD's valuation is considered undervalued.
The article argues that HSBC's skepticism towards AMD is unjustified, highlighting AMD's potential for 30% earnings growth annually due to increasing demand for datacenter GPUs. This suggests a positive outlook for AMD's stock price, especially given its current undervaluation.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100