AMD

Advanced Micro Devices Inc.

TMT


Presented:01/29/2024
Price:$177.83
Cap:$287.28B
Current Price:$156.64
Cap:$253.52B

Presented

Date01/29/2024
Price$177.83
Market Cap$287.28B
Ent Value$237.36B
P/E Ratio339.82x
Book Value$34.59
Div Yield0%
Shares O/S1,615.50M
Ave Daily Vol68,076,819
Short Int2.81%

Current

Price$156.64
Market Cap$253.52B
Advanced Micro Devices, Inc. engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services. The Enterprise, Embedded and Semi-Custom segment includes server and embedded processors, semi-custom System-on-Chip products, development services and technology for game consoles. The company was founded by W. J. Sanders III on May 1, 1969 and is headquartered in Santa Clara, CA.

Publicly traded companies mentioned herein: Advanced Micro Devices (AMD), Microsoft Corp (MSFT), NVIDIA Corp (NVDA)

Highlights

The presenter is long shares of Advanced Micro Devices (AMD) based on his 3-year outlook of GPU market shares and data center growth. While it’s currently clear that AMD has a viable product receiving orders from MSFT and other hyperscalers, he thinks it will become increasingly clear that AMD’s offering is not only viable but will also scale as an attractive alternative to NVDA for both training and inference chips. As this story plays out, he expects 2026 EPS of $10 – $12 (vs. consensus $7.27), at which point AMD will be the share gainer and growing at a higher rate than NVDA, potentially garnering a premium multiple and provided massive upside from the current $180 share price. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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