Notable Companies Earnings Consensus: AMD $1.29
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy AMD?
Notable companies reporting after the market close, with earnings consensus, include AMD (AMD), consensus $1.29... Arista Networks (ANET), consensus 81c... Lumentum (LITE), consensus $2.27... Strategy (MSTR), consensus $27.33... Occidental Petroleum (OXY), consensus 59c... Corteva (CTVA), consensus $1.18... Electronic Arts (EA), consensus $2.36... Coupang (CPNG), consensus (9c)... Live Nation (LYV), consensus 54c... Super Micro (SMCI), consensus 62c... Skyworks (SWKS), consensus $1.04... Qorvo (QRVO), consensus $1.21... Match Group (MTCH), consensus 86c... Celanese (CE), consensus 90c... Voya Financial (VOYA), consensus $2.02... Upstart (UPST), consensus 43c... Teradata (TDC), consensus 77c... Freshworks (FRSH), consensus 11c... Coty (COTY), consensus (1c)... Intapp (INTA), consensus 28c... BJ's Restaurant (BJRI), consensus 61c... Angi (ANGI), consensus (18c)... TrueBlue (TBI), consensus (45c)... QuidelOrtho (QDEL), consensus 42c.
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Analyst Views on AMD
Wall Street analysts forecast AMD stock price to fall
33 Analyst Rating
25 Buy
8 Hold
0 Sell
Strong Buy
Current: 408.460
Low
210.00
Averages
289.13
High
377.00
Current: 408.460
Low
210.00
Averages
289.13
High
377.00
About AMD
Advanced Micro Devices, Inc. is a global semiconductor company. The Company is focused on high-performance computing and artificial intelligence (AI). Its segments include Data Center, Client and Gaming, and Embedded. Data Center segment includes AI accelerators, microprocessors (CPUs) for servers, graphics processing units (GPUs), accelerated processing units (APUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs), and Adaptive system-on-Chip (SoC) products for data centers. Client and Gaming segment includes CPUs, APUs, chipsets for desktops and notebooks, discrete GPUs, and semi-custom SoC products and development services. Embedded segment includes embedded CPUs, APUs, FPGAs, system on modules (SOMs), and Adaptive SoC products. It markets and sells its products under the AMD trademark. Its products include AMD EPYC, AMD Ryzen, AMD Ryzen PRO, Virtex UltraScale+, among others.
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.
Meta and Micron Upgraded, AMD and Domino's Downgraded
- Meta Upgrade: Analyst Daniel Schönberger upgraded Meta from Hold to Buy, citing a 9% share price pullback as a favorable entry point, with an intrinsic value estimated at $640.11 per share despite concerns about advertising market saturation.
- Micron's Outlook: Hunting Alphas upgraded Micron from Hold to Buy, arguing that the market underestimates the longevity of the AI memory supercycle, with strategic customer agreements driving structurally higher margins, indicating a bullish technical setup for the stock.
- AMD Downgrade: James Foord downgraded AMD from Buy to Sell, arguing that despite AMD's market share gains, its valuation has become stretched compared to Nvidia's on a P/E basis, suggesting that the stock has run too far given its lower margins.
- Domino's Sales Slowdown: Analyst Gary Alexander downgraded Domino's from Buy to Neutral, pointing to multiple quarters of slowing sales and an intensifying promotional environment that pressures margins, recommending investors to trim their positions until further clarity emerges.
See More
US Stocks Rise, Nasdaq Hits Record High
- Strong Employment Data: US nonfarm payrolls rose by 115,000 in April, exceeding expectations of 65,000, while March figures were revised up to 185,000, indicating labor market resilience that supports stock market gains.
- Declining Consumer Confidence: Despite rising stock prices, the University of Michigan's May consumer sentiment index fell by 1.6 to a record low of 48.2, reflecting consumer concerns about the economic outlook, which could negatively impact future spending.
- Chip Stocks Lead Gains: Chipmakers like Micron and Qualcomm saw stock prices rise over 8%, driving the overall market higher, demonstrating the strong performance of tech stocks in the current market environment, although weakness in software stocks limited gains in the Dow.
- Oil Price Volatility Impact: WTI crude prices edged up slightly due to Iran seizing an oil tanker in the Strait of Hormuz, complicating market expectations for future oil prices, which may influence investment decisions in related sectors.
See More
U.S. Stocks Rise, Nasdaq Hits Record High
- Nasdaq Hits Record High: The Nasdaq 100 index surged 1.32% to reach a new record high, primarily driven by chipmakers and AI infrastructure stocks, indicating strong market confidence in technology stocks that may attract further investor interest in the tech sector.
- Strong Employment Data: U.S. nonfarm payrolls rose by 115,000 in April, exceeding expectations of 65,000, while March figures were revised up to 185,000, demonstrating resilience in the labor market that could lead the Fed to maintain interest rates in upcoming policy meetings.
- Corporate Earnings Support Market: So far, 84% of the 425 S&P 500 companies have beaten earnings estimates, with Q1 earnings projected to climb 12% year-over-year, providing robust support for the stock market and reflecting the potential for economic recovery.
- Geopolitical Impact on Oil Prices: Iran's seizure of an oil tanker in the Strait of Hormuz has led to a slight increase in WTI crude oil prices, heightening concerns over future oil price volatility and potentially affecting the stability of global energy supply chains.
See More
Sandisk Stock Fluctuates Amid Market Dynamics
- Market Warning: Bernstein's report highlights a supply deficit in the computer memory market, causing Sandisk's stock to drop 5% on Thursday, reflecting concerns over rising memory prices that could impact profit growth.
- Stock Rebound: On Friday, Sandisk's stock rebounded by 8.5% to $142.33, indicating market confidence in its future sales, especially against the backdrop of significant increases in DRAM and NAND prices.
- Price Trends: Bernstein noted that DRAM prices surged 57% in April, while NAND prices rose by 65% to 70%, suggesting that despite some OEMs and module houses potentially reducing purchases, buyers with available funds will drive prices higher, with major increases expected in Q2 2026.
- Financial Outlook: Sandisk anticipates $8 billion in sales for fiscal Q4 2024, with rising gross margins and profits projected between $30 and $33 per share, indicating stability in short-term financial performance, although long-term prospects remain uncertain.
See More
Micron Technology Stock Price Fluctuation Analysis
- Market Supply Warning: Bernstein's report highlights a shortage of DRAM and NAND flash memory in the computer memory spot market, leading to bidding wars among customers that drive prices higher; while this is beneficial for Micron, OEMs and module houses are forced to reduce purchases, potentially slowing profit growth in the future.
- Price Surge Impact: In April, DRAM prices soared by 57% compared to average prices in Q1, while NAND prices increased by 65% to 70%, indicating that even if some buyers are forced to curtail purchases in Q2, those with funds will continue to buy, driving significant price increases in Q2 2026.
- Stable Earnings Forecast: Analysts forecast Micron to earn nearly $19 per share in the May quarter, with sales expected to grow by 260% to $33.5 billion, demonstrating that the company's fundamentals remain robust in the short term despite market challenges.
- Price Target Upgrade Expectation: Bernstein has set a price target of $510 for Micron, and given its bullish outlook and buy rating, a price target hike is anticipated soon, further reflecting market confidence in Micron's future performance.
See More
Global Equity Funds See Inflows for Seventh Consecutive Week
- Inflows Trend: Global equity funds attracted inflows for the seventh consecutive week through May 6, with a net $4.35 billion, marking the smallest weekly inflow since March 18, indicating volatility in market sentiment.
- Tech Stock Boost: The MSCI World Index reached a record high of 1,108.94 on Thursday, driven by strong performances in technology stocks and robust earnings from chipmaker AMD, which bolstered investor confidence.
- Regional Fund Flows: Asian equity funds led with a net inflow of $3.35 billion, while European funds attracted $1.56 billion; in contrast, U.S. funds experienced net outflows of $2.26 billion, reflecting differing investor preferences across regions.
- Bond Market Performance: Global bond funds saw net inflows of $17.04 billion, the largest since February 18, with dollar-denominated medium-term bond funds attracting $4.58 billion, highlighting strong demand for fixed-income assets.
See More
Meta and Micron Upgraded, AMD and Domino's Downgraded
- Meta Upgrade: Analyst Daniel Schönberger upgraded Meta from Hold to Buy, citing a 9% share price pullback as a favorable entry point, with an intrinsic value estimated at $640.11 per share despite concerns about advertising market saturation.
- Micron's Outlook: Hunting Alphas upgraded Micron from Hold to Buy, arguing that the market underestimates the longevity of the AI memory supercycle, with strategic customer agreements driving structurally higher margins, indicating a bullish technical setup for the stock.
- AMD Downgrade: James Foord downgraded AMD from Buy to Sell, arguing that despite AMD's market share gains, its valuation has become stretched compared to Nvidia's on a P/E basis, suggesting that the stock has run too far given its lower margins.
- Domino's Sales Slowdown: Analyst Gary Alexander downgraded Domino's from Buy to Neutral, pointing to multiple quarters of slowing sales and an intensifying promotional environment that pressures margins, recommending investors to trim their positions until further clarity emerges.
See More
US Stocks Rise, Nasdaq Hits Record High
- Strong Employment Data: US nonfarm payrolls rose by 115,000 in April, exceeding expectations of 65,000, while March figures were revised up to 185,000, indicating labor market resilience that supports stock market gains.
- Declining Consumer Confidence: Despite rising stock prices, the University of Michigan's May consumer sentiment index fell by 1.6 to a record low of 48.2, reflecting consumer concerns about the economic outlook, which could negatively impact future spending.
- Chip Stocks Lead Gains: Chipmakers like Micron and Qualcomm saw stock prices rise over 8%, driving the overall market higher, demonstrating the strong performance of tech stocks in the current market environment, although weakness in software stocks limited gains in the Dow.
- Oil Price Volatility Impact: WTI crude prices edged up slightly due to Iran seizing an oil tanker in the Strait of Hormuz, complicating market expectations for future oil prices, which may influence investment decisions in related sectors.
See More
U.S. Stocks Rise, Nasdaq Hits Record High
- Nasdaq Hits Record High: The Nasdaq 100 index surged 1.32% to reach a new record high, primarily driven by chipmakers and AI infrastructure stocks, indicating strong market confidence in technology stocks that may attract further investor interest in the tech sector.
- Strong Employment Data: U.S. nonfarm payrolls rose by 115,000 in April, exceeding expectations of 65,000, while March figures were revised up to 185,000, demonstrating resilience in the labor market that could lead the Fed to maintain interest rates in upcoming policy meetings.
- Corporate Earnings Support Market: So far, 84% of the 425 S&P 500 companies have beaten earnings estimates, with Q1 earnings projected to climb 12% year-over-year, providing robust support for the stock market and reflecting the potential for economic recovery.
- Geopolitical Impact on Oil Prices: Iran's seizure of an oil tanker in the Strait of Hormuz has led to a slight increase in WTI crude oil prices, heightening concerns over future oil price volatility and potentially affecting the stability of global energy supply chains.
See More
Sandisk Stock Fluctuates Amid Market Dynamics
- Market Warning: Bernstein's report highlights a supply deficit in the computer memory market, causing Sandisk's stock to drop 5% on Thursday, reflecting concerns over rising memory prices that could impact profit growth.
- Stock Rebound: On Friday, Sandisk's stock rebounded by 8.5% to $142.33, indicating market confidence in its future sales, especially against the backdrop of significant increases in DRAM and NAND prices.
- Price Trends: Bernstein noted that DRAM prices surged 57% in April, while NAND prices rose by 65% to 70%, suggesting that despite some OEMs and module houses potentially reducing purchases, buyers with available funds will drive prices higher, with major increases expected in Q2 2026.
- Financial Outlook: Sandisk anticipates $8 billion in sales for fiscal Q4 2024, with rising gross margins and profits projected between $30 and $33 per share, indicating stability in short-term financial performance, although long-term prospects remain uncertain.
See More
Micron Technology Stock Price Fluctuation Analysis
- Market Supply Warning: Bernstein's report highlights a shortage of DRAM and NAND flash memory in the computer memory spot market, leading to bidding wars among customers that drive prices higher; while this is beneficial for Micron, OEMs and module houses are forced to reduce purchases, potentially slowing profit growth in the future.
- Price Surge Impact: In April, DRAM prices soared by 57% compared to average prices in Q1, while NAND prices increased by 65% to 70%, indicating that even if some buyers are forced to curtail purchases in Q2, those with funds will continue to buy, driving significant price increases in Q2 2026.
- Stable Earnings Forecast: Analysts forecast Micron to earn nearly $19 per share in the May quarter, with sales expected to grow by 260% to $33.5 billion, demonstrating that the company's fundamentals remain robust in the short term despite market challenges.
- Price Target Upgrade Expectation: Bernstein has set a price target of $510 for Micron, and given its bullish outlook and buy rating, a price target hike is anticipated soon, further reflecting market confidence in Micron's future performance.
See More
Global Equity Funds See Inflows for Seventh Consecutive Week
- Inflows Trend: Global equity funds attracted inflows for the seventh consecutive week through May 6, with a net $4.35 billion, marking the smallest weekly inflow since March 18, indicating volatility in market sentiment.
- Tech Stock Boost: The MSCI World Index reached a record high of 1,108.94 on Thursday, driven by strong performances in technology stocks and robust earnings from chipmaker AMD, which bolstered investor confidence.
- Regional Fund Flows: Asian equity funds led with a net inflow of $3.35 billion, while European funds attracted $1.56 billion; in contrast, U.S. funds experienced net outflows of $2.26 billion, reflecting differing investor preferences across regions.
- Bond Market Performance: Global bond funds saw net inflows of $17.04 billion, the largest since February 18, with dollar-denominated medium-term bond funds attracting $4.58 billion, highlighting strong demand for fixed-income assets.
See More
