Advanced Micro Devices (AMD) has been generating a considerable amount of attention from analysts and investors lately. Despite strong forecasts, the company's shares have experienced a slump due to significant disappointment in earnings, particularly in AMD's AI data center business. This division's missed estimates led to a nearly 10% drop in AMD's stock. Analysts have downgraded their outlook for the tech giant due to a slowdown in AI growth. On a brighter note, AMD's Q4 2024 earnings unveiled record revenue and data, which many believe to be an indication of potential future success. Multiple firms, including Jefferies and Wells Fargo, have maintained their 'Buy' rating on AMD, citing strengths in Client & Server segments, AI, and data center growth. However, there are notable challenges, including the competitive pressure from Nvidia and the recent soft outlook for AI growth. Observers such as Jim Cramer suggest that AMD may still have promising potential if costs fall, and that despite the projection of declining data center sales, the dip may be an opportunity for investors.
Advanced Micro Devices AMD News Analytics from Tue, 14 Jan 2025 08:00:00 GMT to Sat, 08 Feb 2025 17:42:53 GMT -
Rating 2
- Innovation 4
- Information 8
- Rumor -7
