Advanced Micro Devices

At the Goldman Sachs conference, AMD highlighted its shift from a chipmaker to a systems and software provider and raised its addressable server market potential through 2030 from $60 billion to $220 billion. Management forecasts data‑center revenue to grow at a CAGR of over 60% across the strategic period and AI data‑center revenue to grow at over 80%, aims for a market share above 50%, and expects EPS well above $20. AMD emphasized that agent‑based AI creates new CPU workloads, announced system‑ and rack‑level approaches and product‑roadmap progress (Turin, Venice, Zen 8, Florence), and reported internal AI usage as well as collaborations with Anthropic and OpenAI. » More on de.investing.com

AMD reported Q2 2026 Data Center revenue of $6.7 billion, up over 100% year‑over‑year, and CEO Lisa Su guided revenue growth substantially above 35% with EPS expected to significantly exceed $20 within the strategic timeframe. Anchor GPU commitments from OpenAI, Meta, Anthropic, and Oracle and initial Helios shipments support a path toward $800 per share by 2028, though reaching that level depends on Helios ramp timing, FY2027 EPS near the high estimate, and a sustained AI capex cycle. Key risks include a gaming segment downturn, tariff escalation and tighter U.S. export controls or China bans that could disrupt shipments and inventory. Analyst consensus is bullish with a mean target around $615, while the publisher's internal base case is more conservative near $475. » More on finance.yahoo.com

CFO Jean Hu told the Citi Global TMT Conference the AI chip total addressable market could reach $2–3 trillion by 2030 and confirmed TSMC will remain AMD's primary wafer supplier. The comments lifted AMD shares about 3% and followed strong Data Center growth that doubled year over year. Analysts pushed fiscal 2027 EPS estimates to $15.45 from $12.96 with 33 upward revisions, while the stock trades at a high trailing P/E near 129x. Investors should weigh the raised market opportunity against rich valuation ahead of AMD's next quarterly report. » More on finance.yahoo.com