AMD Shares Rise in Extended Trading as Earnings, Outlook Beat Estimates
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TD Cowen Maintains Advanced Micro Devices(AMD.US) With Buy Rating, Raises Target Price to $115
Mizuho Securities Maintains Advanced Micro Devices(AMD.US) With Buy Rating, Cuts Target Price to $117
Baird Maintains Advanced Micro Devices(AMD.US) With Buy Rating, Cuts Target Price to $140
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AMD Outlines 2025 Growth Strategy With AI and Server Expansion
Strong demand for AI! AMD's performance exceeded expectations, and it is estimated that U.S. export restrictions on chips to China will result in a revenue loss of 1.5 billion dollars.
Still Bullish on the demand for AI infrastructure.
AMD warns: The USA's restrictions on chip exports to China will result in a loss of 1.5 billion dollars for the company this year.
① AMD announced a strong Earnings Report, with first-quarter revenue growing 36% year-on-year to 7.4 billion USD, exceeding expectations; among which, the Datacenter division's revenue increased by 57%, and PC-related sales rose by 28%; ② however, sales restrictions from the USA to China are expected to reduce AMD's revenue by 1.5 billion USD this year, causing after-hours stock price increase to fall from a peak of 7% to 1.7%.
Implying Trump? Huang Renxun: China's AI market is expected to reach 50 billion dollars, must not be missed!
① NVIDIA CEO Jensen Huang stated that the scale of the AI Chip market in China could reach 50 billion dollars in the coming years, and it is crucial for USA companies to gain access to the Chinese market; ② Huang emphasized that selling products in the Chinese market will generate revenue, tax revenues, and job opportunities in the USA.
Super Micro Computer once again lowered its performance expectations due to concerns about the impact of tariffs.
Super Micro Computer lowered its earnings forecast for the current fiscal year again on Tuesday, due to economic uncertainty and potential impacts from tariffs, causing its stock price to drop by 7% in after-hours trading. The company now expects revenue for the fiscal year ending in June to reach between $21.8 billion and $22.6 billion, down from the previous forecast of $23.5 billion to $25 billion. Earlier, the company had expected revenue between $26 billion and $30 billion. Last week, Super Micro Computer warned that "certain customers' platform decisions were delayed," leading to sales being postponed from the third fiscal quarter ending in March to the fourth fiscal quarter ending in June. However, Super Micro's expectations for the fourth fiscal quarter remain uncertain.
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