AMD Q3 Earnings Preview: Data Center Strength and AI Partnerships Drive Optimism
Advanced Micro Devices (AMD) is poised to report third-quarter earnings after market close on November 4, with Wall Street anticipating 28% revenue growth to $8.76 billion. The chipmaker's stock has surged 112% year-to-date, fueled by robust demand for its data center solutions and strategic partnerships with AI leaders like OpenAI and Oracle.
Susquehanna analyst Christopher Rolland recently raised AMD's price target to $300, citing expected outperformance in data center and PC segments. Production of next-gen MI350 data center chips is projected to accelerate significantly in coming quarters, further strengthening AMD's position in the AI hardware race.