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AMD: Promising Upside By 2025

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  • Advanced Micro Devices, Inc.'s Q3 results and guidance initially disappointed the market, but the stock has rallied to multi-month highs.
  • The launch of AI chips could drive the stock to all-time highs, with projected AI revenue exceeding $2 billion in 2024 alone.
  • The stock trades at a base case of only 20x '25 EPS targets, but AI GPU chip sales could provide a substantial boost to conservative targets.
After the market initially didn’t like the Q3 results and guidance from Advanced Micro Devices, Inc. (NASDAQ:AMD), the stock has suddenly rallied to multi-month highs. The launch of AI chips could send the stock to all-time highs similar to peer stocks. My investment thesis remains ultra bullish on AMD, with investors best to focus on future numbers, not short-term hiccups around product launches.

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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