RBC Capital Markets Initiates Semiconductor Coverage, Bullish on Nvidia and Others
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: stocktwits
- Coverage Initiation: RBC Capital Markets has initiated coverage on the semiconductor sector, assigning a ‘Sector Perform’ rating to most legacy chipmakers like Intel and AMD, citing a lack of near-term catalysts that could impact their stock performance.
- Bullish Forecasts: The brokerage rates Nvidia and Micron as ‘Outperform’, expecting Nvidia to benefit from gradually slowing hyperscaler capital expenditures, while Micron may gain strong profits due to a memory chip shortage.
- Stock Price Targets: RBC has set optimistic price targets for Arm, Astera Labs, and Marvell at $140, $225, and $105 respectively, anticipating these companies will benefit from data center growth and collaborations with Amazon.
- Dim Outlook for Legacy Chipmakers: While RBC expresses caution regarding the prospects of legacy chipmakers like Intel and AMD due to a lack of catalysts, it remains optimistic about the growth potential of emerging companies, reflecting market preference for innovative technologies.
Analyst Views on AMD
Wall Street analysts forecast AMD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMD is 281.78 USD with a low forecast of 200.00 USD and a high forecast of 350.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
37 Analyst Rating
27 Buy
10 Hold
0 Sell
Moderate Buy
Current: 220.970
Low
200.00
Averages
281.78
High
350.00
Current: 220.970
Low
200.00
Averages
281.78
High
350.00
About AMD
Advanced Micro Devices, Inc. is a global semiconductor company. The Company is focused on high-performance computing, graphics and visualization technologies. Its segments include Data Center, Client and Gaming, and Embedded. Data Center segment includes artificial intelligence (AI) accelerators, microprocessors (CPUs) for servers, graphics processing units (GPUs), accelerated processing units (APUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs), smart network interface Cards (SmartNICs) 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, GPUs, 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+, and 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.
