The Zhitong Finance App learned that thanks to the strong performance of data centers, particularly the unexpected improvement in the server CPU business, AMD (AMD.US) successfully hedged the weakness of the PC market thanks to the strong performance of the data center. Damo raised AMD's revenue forecast for the 2027 fiscal year from US$89.13 billion to US$98.94 billion, raised its non-GAAP earnings per share (EPS) forecast from US$15.64 to US$18.77, and raised the target price from $510 to US$550; however, considering that the valuation was already higher than that of peers such as Nvidia and Broadcom, the bank maintained the “same as the market” rating.
Zhitongcaijing · 4d ago
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The Zhitong Finance App learned that thanks to the strong performance of data centers, particularly the unexpected improvement in the server CPU business, AMD (AMD.US) successfully hedged the weakness of the PC market thanks to the strong performance of the data center. Damo raised AMD's revenue forecast for the 2027 fiscal year from US$89.13 billion to US$98.94 billion, raised its non-GAAP earnings per share (EPS) forecast from US$15.64 to US$18.77, and raised the target price from $510 to US$550; however, considering that the valuation was already higher than that of peers such as Nvidia and Broadcom, the bank maintained the “same as the market” rating.
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