From 24/7 Wall St. · Vandita Jadeja · · 1m 10s
AMD Price Prediction: Gap With Nvidia Shapes Next Move
AMD's 156% surge this year could break or stall as it closes the gap with Nvidia on data center scale.
In brief
AMD's 156% surge this year could break or stall as it closes the gap with Nvidia on data center scale. AMD stock may rise to $689 if Helios and MI450 ramp succeeds, or drop to $433 if growth lags. Originally reported by 24/7 Wall St..
AMD Surges 156% This Year
AMD shares have risen 156.42% year to date compared with 18.43% for NVIDIA.
24/7 Wall St. Price Target
The 24/7 Wall St. price target for AMD is $546.06 over the next 12 months, representing 1.23% upside from $539.43.
Helios and MI450 Ramp
Helios delivers up to 15% more throughput at the same rack power and up to 30% more tokens per dollar than the competition.
“Helios delivers "up to 15% more throughput at the same rack power and up to 30% more tokens per dollar than the competition"”
Data Center Growth
Data center revenue grew 107% to $6.72 billion, with Q3 revenue expected at $13 billion.
Bull Case: $689 Target
45 analysts rate AMD Buy or Strong Buy, and the optimistic scenario points to $689.35.
Bear Case: $433 Target
AMD trades at a trailing P/E of 201x, with the bear case projecting $433.06.
The bottom line
AMD stock may rise to $689 if Helios and MI450 ramp succeeds, or drop to $433 if growth lags.
