AMD: Digging Into Revenue Targets
The CFO did not guide down at a recent technology conference. The GPU blockchain weakness actually provides a tailwind going forward. 2020 targets of $10.0 billion in sales and $1.75 EPS are doable as average analyst estimates appear more a base case. A lot is being made of the AMD ( AMD ) CFO comments at a conference surrounding low revenue numbers while my previous research had generally questioned the company and analyst estimates as being too low. A lot of disconnect exists in regard to the general bullish market expectations and actual estimates. Read the full article on Seeking Alpha. Disclosure: No position mentioned. Please review the disclaimer page for more details.