Advanced Micro Devices Stock Has 38% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]
Amazon.com, Inc. (AMZN)
Last amazon.com, inc. earnings: 4/30 04:01 pm
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Source: Yahoo! Finance
The dip coincides with recent weakness in the major market indexes, but analyst Frank Lee at HSBC believes the stock could climb back to its previous high based on AMD's opportunity to supply the growing demand for chips needed for artificial intelligence (AI) Lee has upgraded AMD from hold to buy and raised his price target from $180 to $225, representing 38% upside over the current share price of about $163. Why buy AMD stock With the December launch of the MI300 chip, AMD has its sights set on capturing the soaring demand for AI GPUs. Management previously estimated it would generate over $2 billion in data center GPU revenue this year but recently raised that forecast to more than $3.5 billion based on early customer interest in the MI300. This market has been dominated by Nvidia , whose H100 GPU is widely used across the major cloud service providers, such as Microsoft Azure and Amazon Web Services. However, the recent dip for shares of AMD shows there's some skepticism t
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News
- Amazon Reports Strong Cloud Unit Sales on Rising AI Demand [Yahoo! Finance Canada]Yahoo! Finance Canada
- Amazon cloud sales growth accelerates as group prepares for more AI spending [FT.com - Mergermarket]FT.com - Mergermarket
- United States B2C E-Commerce & Online Payments Market Report 2024 - Retail E-Commerce Sales are Poised to Surpass EUR 1.5 Trillion by 2027 [Yahoo! Finance]Yahoo! Finance
- Amazon Reports Strong Cloud Unit Sales on Rising AI Demand [Yahoo! Finance]Yahoo! Finance
- Amazon cloud sales growth accelerates as group prepares for more AI spending [Financial Times (FT.com) (UK)]Financial Times
AMZN
Earnings
- 4/30/24 - Beat
AMZN
Sec Filings
- 5/1/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 4/29/24 - Form 13F-HR
- AMZN's page on the SEC website