According to a research report published by UBS, AMD's performance was steady and superior to the level that the market feared after Intel lowered its guidelines, as server CPU growth was enough to offset the decline in client business. Management raised the 2027 server CPU revenue guide from over 70% to over 100%. Data center GPU growth is expected to be even higher, and data centers are expected to account for more than 80% of total revenue next year. UBS believes that the increase in AMD's 2027 guidance is generally in line with the bank's forecast, far higher than market expectations, reflecting its superior supply of wafers and multi-source substrates compared to Intel. Coupled with a better product roadmap, it is showing the resilience of its supply chain. The bank raised its 2027 and 2028 earnings forecasts per share to about $19 and $30, respectively, and believes that even if growth slows significantly, there is still a chance that earnings per share will reach about $40 in 2029. Given that the semiconductor sector's valuation was generally compressed, AMD's target price was lowered from $730 to $700 to maintain the “buy” rating.

According to a research report published by UBS, AMD's performance was steady and superior to the level that the market feared after Intel lowered its guidelines, as server CPU growth was enough to offset the decline in client business. Management raised the 2027 server CPU revenue guide from over 70% to over 100%. Data center GPU growth is expected to be even higher, and data centers are expected to account for more than 80% of total revenue next year. UBS believes that the increase in AMD's 2027 guidance is generally in line with the bank's forecast, far higher than market expectations, reflecting its superior supply of wafers and multi-source substrates compared to Intel. Coupled with a better product roadmap, it is showing the resilience of its supply chain. The bank raised its 2027 and 2028 earnings forecasts per share to about $19 and $30, respectively, and believes that even if growth slows significantly, there is still a chance that earnings per share will reach about $40 in 2029. Given that the semiconductor sector's valuation was generally compressed, AMD's target price was lowered from $730 to $700 to maintain the “buy” rating.