Goldman Sachs analysts place high hopes in AMD’s share value

AMD has seen a global increase in the demand for its CPUs and GPUs. With the advent of its next-gen Zen 3 based Ryzen 5000 series processors and RDNA 2 based “big Navi” line-up, the company has seen an increase in its stock value.

According to sources, the analysts at Goldman Sachs have claimed that the recent increase in AMD profits has been upgraded. They went from being Neutral to being designated as ‘Buy.’ This also means that its stock price went from $84 to $96.

This sudden growth and increase in stock value are being termed a “multi-year share gain and margin expansion story.” It was only last week that the analysts at JP Morgan raised the stock value of Advanced Micro Devices from $62 to $86 per share.

According to sources, AMD’s recently announced Xilinx acquisition would add 5 to 10 cents to its annualized earnings (EPS) once the addition achieves complete closure. It will also result in a 25 to 30 cents gain in the synergies. Analysts now believe that the deal will expand AMD’s footprint in the growing sectors, such as 5G wireless networks and automation vehicles.

AMD’s recently revealed third-quarter earnings are no joke. The company earned $2.8 billion in revenue and registered an annual increase of 55.6 percent. Thus, beating the consensus expectations by 9.38 percent. Its computing and graphics segment garnered $1.67 billion, which is the leading gain by any company sector.

The increase in the payment is being credited to the rise in sales of AMD’s Ryzen processors. AMD’s enterprise, embedded, and semi-custom segment generated a massive revenue of $1.13 billion, resulting in annual growth of 116 percent. This growth was mainly due to higher semi-custom products’ sales and an increase in EPYC processor sales.

Source

Do check out:

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More like this

AMD’s ZT Systems Acquisition: Strategic Move to Dominate the $500B AI Data Center Market

AMD’s ZT Systems Acquisition: Strategic Move to Dominate the...

In the high-stakes chess game that is the AI hardware industry, AMD just made a bold queen’s...
AMD Ryzen 9000G APUs

AMD Ryzen 9000G APUs with Zen 5 and RDNA...

AMD Ryzen 9000G APUs : AMD is reportedly gearing up to release its Ryzen 9000G APU...

AMD RX 9070 XT Outsells NVIDIA RTX 50 Series...

AMD's RX 9070 XT has maintained strong sales momentum since its launch, selling rapidly worldwide. It’s no...
AMD Threadripper PRO

AMD Threadripper PRO 9975WX and 9965WX Leaked — 32...

AMD Threadripper PRO: AMD’s next-gen Threadripper PRO 9000 series is gearing up for its debut, and recent...
AMD Ryzen 9 9900X3D: The Only Gaming CPU Still Available at MSRP – Grab It Before It’s Gone!

AMD Ryzen 9 9900X3D: The Only Gaming CPU Still...

For gaming enthusiasts and power users, AMD’s Ryzen 9 9900X3D is currently the best deal on the...

LATEST NEWS

Kevin De Bruyne Announces Manchester City Departure, Uncertain About Club World Cup Participation

Kevin De Bruyne, one of the most decorated and influential midfielders in Premier League history, has officially announced that he will leave Manchester City...

Waqf Amendment Bill 2025: Nationwide Protests Erupt as Parliament Passes Controversial Legislation

In a dramatic turn of events that has sent shockwaves through India’s political landscape, the passage of the Waqf Amendment Bill by Parliament has...

Bollywood Ice Queens: 3 Actresses Slaying in Ethereal Blue Sarees

In the ever-evolving landscape of Bollywood fashion, where trends emerge and fade with the rapidity of a Mumbai monsoon, one look has captured the...

Cricket Royalty Enters Esports Arena: Sara Tendulkar Takes Over Mumbai Franchise in GEPL Season 2

In a move that bridges cricket’s rich tradition with its digital future, Sara Tendulkar has officially stepped into the esports arena as the new...

Featured