Piper Sandler Maintains Overweight on Advanced Micro Devices (AMD), Raises PT
Piper expressed a positive view on recent product announcements, especially the Helios rack, which it believes is important for AMD Instinct growth. The firm expects a recovery in the GPU business in the fourth quarter of 2025, once most China-related charges have passed. It also observed that the client segment, the largest business unit, is beginning to experience some pull-ins.
On June 13, as per TipRanks, BofA maintained a Buy rating on AMD shares and a $130 price target. Following the Advancing AI Event in San Jose, where the company presented updates on its end-to-end AI infrastructure platform, BofA analyst Vivek Arya noted that 'investor expectations might have been high.'
He stated that the event demonstrated AMD's continued progress in its AI roadmap, expansion across customers and partners, and development in software. The company emphasized existing partnerships with Meta, Oracle, Microsoft, xAI, OpenAI, and Humain in Saudi Arabia. No new hyperscaler customer was formally announced. The analyst mentioned a possible engagement with Amazon's AWS, which sponsored the event, though noted that AWS typically reserves announcements for its own forums.
A close up of a complex looking PCB board with several intergrated semiconductor parts.
Lastly, on June 9, admitting that he has 'always liked' the company, Cramer said:
'So traders say if I can't make money after Broadcom reporting a great quarter, the playbook says time to move into the lower quality, cheaper stocks that are less likely to disappoint or should never have been down to begin with. I understand the sentiment, but the problem is that these stocks have already rallied pretty hard, too…I saw some upgrades for AMD…. They've moved, especially AMD by the way, on speculation it might be involved with any China deal. Rare earth materials for us, AMD chips for them.
Advanced Micro Devices (NASDAQ:AMD) designs and supplies semiconductor products, including AI accelerators, GPUs, x86 microprocessors, and adaptive system-on-chip solutions. The company provides compute infrastructure for hyperscale environments and supports artificial intelligence workloads through its hardware and development platforms.
While we acknowledge the potential of AMD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
Disclosure: None.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
17 minutes ago
- Yahoo
China's economy lags in July under pressure from tariffs and a weak property market
BANGKOK (AP) — China's economy showed signs of slowing in July as factory output and retail sales slowed and housing prices dropped further, according to data released Friday. Uncertainty over tariffs on exports to the United States is still looming over the world's second-largest economy after President Donald Trump extended a pause in sharp hikes in import duties for 90 days, beginning Monday, following a 90-day pause that began in May. As officials worked toward a broader trade agreement, China reported earlier that its exports surged 7.2% in July year-on-year, while its imports grew at the fastest pace in a year, as businesses rushed to take advantage of the truce in Trump's trade war with Beijing. But that also reflected a lower base for comparison, and manufacturers have slowed investments, hiring and production as they watch to see what comes. Chinese manufacturers also have ramped up shipments to Southeast Asia, Africa and other regions to help offset lost business in the U.S. Still, annual growth in industrial output fell to 5.7% in July from 6.8% in June, the National Bureau of Statistics said. Investments in factory equipment and other fixed assets rose a meager 1.6% in January-July, compared with 2.8% growth in the first half of the year. Property investments plunged 12% in the first seven months of the year, with residential housing investment dropping nearly 11%. Prices for newly built housing in major cities fell 1.1%, as a prolonged downturn in the property industry lingered. The meltdown in the housing market hit just as the COVID -19 pandemic began, sapping one of the economy's main drivers of growth and causing dozens of developers to default on their debts. The crisis rippled throughout the economy, destroying jobs for millions of people. The government has sought to ensure that most housing that was paid for gets built, but sales remain weak despite a series of moves meant to entice families into back into the market. Since most Chinese families have their wealth tied up in property, the anemic housing market has been a major factor crimping consumer spending. In July, retail sales rose 3.7%, the slowest rate in seven months and down from a 4.8% increase in June. The unemployment rate rose to 5.2% from 5% as university graduates began looking for work. While consumer prices rose 0.4% in July from the month before, prices at the wholesale level slipped 3.6% from a year earlier in another indicator of relatively weak demand. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
20 minutes ago
- Bloomberg
Hong Kong MTR 'Harvesting' From Property Arm, CEO Says
Jacob Kam, CEO of Hong-Kong listed railway operator MTR, says the company has been getting its infrastructure prepared for bad weather as the city experiences extreme conditions. He also says MTR is at a "harvesting stage" in its property development program, which helped offset losses from recurrent business to help book a 27.5% rise in first-half net profit. He speaks on "Bloomberg: The China Show." (Source: Bloomberg)
Washington Post
20 minutes ago
- Washington Post
China's economy lags in July under pressure from tariffs and a weak property market
BANGKOK — China's economy showed signs of slowing in July as factory output and retail sales slowed and housing prices dropped further, according to data released Friday. Uncertainty over tariffs on exports to the United States is still looming over the world's second-largest economy after President Donald Trump extended a pause in sharp hikes in import duties for 90 days, beginning Monday, following a 90-day pause that began in May. As officials worked toward a broader trade agreement, China reported earlier that its exports surged 7.2% in July year-on-year, while its imports grew at the fastest pace in a year, as businesses rushed to take advantage of the truce in Trump's trade war with Beijing . But that also reflected a lower base for comparison, and manufacturers have slowed investments, hiring and production as they watch to see what comes. Chinese manufacturers also have ramped up shipments to Southeast Asia, Africa and other regions to help offset lost business in the U.S. Still, annual growth in industrial output fell to 5.7% in July from 6.8% in June, the National Bureau of Statistics said. Investments in factory equipment and other fixed assets rose a meager 1.6% in January-July, compared with 2.8% growth in the first half of the year. Property investments plunged 12% in the first seven months of the year, with residential housing investment dropping nearly 11%. Prices for newly built housing in major cities fell 1.1%, as a prolonged downturn in the property industry lingered. The meltdown in the housing market hit just as the COVID -19 pandemic began, sapping one of the economy's main drivers of growth and causing dozens of developers to default on their debts. The crisis rippled throughout the economy, destroying jobs for millions of people. The government has sought to ensure that most housing that was paid for gets built, but sales remain weak despite a series of moves meant to entice families into back into the market. Since most Chinese families have their wealth tied up in property, the anemic housing market has been a major factor crimping consumer spending. In July, retail sales rose 3.7%, the slowest rate in seven months and down from a 4.8% increase in June. The unemployment rate rose to 5.2% from 5% as university graduates began looking for work. While consumer prices rose 0.4% in July from the month before, prices at the wholesale level slipped 3.6% from a year earlier in another indicator of relatively weak demand.
