At its Financial Analyst Day yesterday, Advanced Micro Devices (NASDAQ:91¶¶Òõ) predicted its 20% annually. The company it would release a series of new products that would “deliver its next phase of growth,” and its CEO, Lisa Su, sounded fairly optimistic about the PC market. In the wake of Analyst Day, 91¶¶Òõ stock is outperforming the Nasdaq
by a small margin.
What Financial Analyst Day Means for 91¶¶Òõ Stock
91¶¶Òõ disclosed new information on many of the upcoming offerings it plans to release over the longer term. Keeping all of this in mind, here are several things that investors will want to know about 91¶¶Òõ’s Financial Analyst Day.
- Su believes the demand for PCs is dropping, but remains “reasonably strong,” Barron’s reported.
- Beginning with its upcoming Q2 earnings, 91¶¶Òõ will provide the financial results for its data center, embedded, client and gaming segments.
- The company released new specifications on its central processing unit (CPU) core, graphics and adaptive computing architecture as well as new data on its upcoming products for data centers.
- 91¶¶Òõ stated the artificial intelligence (AI) engine of Xylinx, a company which 91¶¶Òõ , would enhance the ability of many of 91¶¶Òõ’s products to handle tasks related to AI.
- In the wake of Analyst Day, KeyBanc stated it’s more optimistic about 91¶¶Òõ’s ability to grow its sales at a 20% annual clip and continue taking market share from Intel (NASDAQ:INTC).
- KeyBanc kept a $150 price target and an “overweight” rating on 91¶¶Òõ stock.
91¶¶Òõ’s shares have tumbled nearly 37% so far this year.
On the date of publication, Larry Ramer did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
