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AMD Stock News: 6 Takeaways From Advanced Micro Devices’ Financial Analyst Day

Investor Place · 06/10/2022 11:46

What Financial Analyst Day Means for AMD Stock

AMD disclosed new information on many of the upcoming offerings it plans to release over the longer term. Keeping all of this in mind, here are several things that investors will want to know about AMD’s Financial Analyst Day.

  • Su believes the demand for PCs is dropping, but remains “reasonably strong,” Barron’s reported.    
  • Beginning with its upcoming Q2 earnings, AMD will provide the financial results for its data center, embedded, client and gaming segments.
  •  The company released new specifications on its central processing unit (CPU) core, graphics and adaptive computing architecture as well as new data on its upcoming products for data centers.
  • AMD stated the artificial intelligence (AI) engine of Xylinx, a company which AMD acquired in February, would enhance the ability of many of AMD’s products to handle tasks related to AI.
  • In the wake of Analyst Day, KeyBanc stated it’s more optimistic about AMD’s ability to grow its sales at a 20% annual clip and continue taking market share from Intel (NASDAQ:INTC).
  • KeyBanc kept a $150 price target and an “overweight” rating on AMD stock.

AMD’s shares   have tumbled nearly 37% so far this year.

On the date of publication, Larry Ramer did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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