AMD's Success in Cloud Expansion - This Analyst Sees Potential for Market Leadership
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 15 2024
0mins
Should l Buy BABA?
Source: Business Insider
- KeyBanc Analyst Report on AMD: Analyst maintains Overweight rating on Advanced Micro Devices (AMD) with a price target of $270, citing modest growth in February.
- AMD Processor Instances: AMD processor instances increased by 1% month-on-month and 24% year-on-year in February.
- Cloud Sector Trends: Decline in traditional server demand and China's cloud sector weakness noted, with Alibaba showing an 11% reduction in cloud instances.
- Performance of Competitors: Nvidia and Arm remained stable month-on-month, while Intel experienced a 1% decline in cloud instances.
- Investment Opportunities: Investors can gain exposure to AMD through AOT Growth And Innovation ETF and Invesco PHLX Semiconductor ETF.
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Analyst Views on BABA
Wall Street analysts forecast BABA stock price to rise
15 Analyst Rating
15 Buy
0 Hold
0 Sell
Strong Buy
Current: 158.730
Low
180.00
Averages
203.09
High
230.00
Current: 158.730
Low
180.00
Averages
203.09
High
230.00
About BABA
Alibaba Group Holding Ltd is an investment holding company mainly engaged in the provision of technology infrastructure and marketing platforms. The Company operates its business through nine segments. The China Commerce Retail segment is engaged in the China commerce retail business. The China Commerce Wholesale segment is mainly engaged in the operation of 1688.com. The Cloud Intelligence segment provides cloud services. The International Commerce Retail segment provides customer management services, sales of goods and logistics services. The International Commerce Wholesale segment is mainly engaged in the operation of Alibaba.com. The Cainiao Represents Logistics Services segment provides fulfilment services. The Local Services segment’s revenue includes platform commissions, logistics services revenue. The Digital Media and Entertainment segment engages in the operation of Youku and Alibaba. The All Others segment is mainly engaged in the Sun Art, Freshippo and other business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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