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Stock impact report

AMD market-share gains should fuel a strong outlook, UBS says [MarketWatch]

Advanced Micro Devices, Inc. (AMD) 
Last advanced micro devices, inc. earnings: 4/28 04:25 pm Check Earnings Report
US:NYSE Investor Relations: ir.amd.com/investor-overview
Company Research Source: MarketWatch
AMD market-share gains should fuel a strong outlook, UBS says UBS analyst Timothy Arcuri wrote Wednesday that Advanced Micro Devices Inc.'s AMD, +1.76% share gains "remain on track," and he expects them to help fuel "solid" June-quarter results and a strong outlook for the September period. He said the focus of AMD's upcoming earnings call will likely be Rome data-center chips. "As the product starts shipping, investors will be keenly listening on this call for more details including customer engagement specifics and updates to full year guidance as Rome picks up traction in 2H," wrote Arcuri, who raised his price target to $31 from $24 but kept his neutral rating on the stock. Instinet's David Wong also chimed in on AMD in a Wednesday note to clients, writing that the company's new CPU and GPU announcements should help the company pick up share and drive operating leverage. He rates the stock a buy. AMD shares are up 2.1% in Wednesday morning trading, and they've gained 83% so far Show less Read more
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