Here’s What to Expect from Advanced Micro Devices’ Next Earnings Report – TradingView News

With mass AMD is a leading semiconductor company specializing in high-performance and adaptive processor technologies across a variety of markets. The California-based company is expected to report fiscal second-quarter financial results after the market close on Tuesday, July 30.

Analysts predict that the chip giant will file a report before that event. XSD An increase of 8.5% compared to the same period.

AMD shares beat first-quarter earnings estimates on April 30 NVDAwhich contributed to the decline. However, the recent acquisition of Silo AI, the largest AI lab in Europe, for $665 million is part of a broader strategy to compete with Nvidia.

Analysts are unanimous in their view that Advanced Micro Devices stock is bullish, with an overall rating of “Strong Buy.” Of the 35 analysts covering the stock, 28 suggest a “Strong Buy,” one advises a “Moderate Buy,” and six recommend a “Hold.”

The above consensus has remained relatively stable over the past three months. The average analyst price target for AMD is $197.78, suggesting a modest potential upside of 30.5% from current levels.

On the date of publication, Sohini Mondal did not hold (directly or indirectly) a position in any of the securities mentioned in this article. All information and data in this article is for informational purposes only. For further information, please refer to Barchart’s Disclosure Policy here.