AMD Stock Slips 2% Despite Analyst Updates
Confident Investing Starts Here:
This spurred several top analysts to update their coverage of AMD stock:
Oppenheimer analyst Rick Schafer reiterated a Hold rating.
Wells Fargo analyst Aaron Rakers maintained a Buy rating and $120 price target.
Evercore ISI analyst Mark Lipacis kept a Buy rating and increased his price target to $144 from $120.
Bank of America Securities analyst Vivek Arya reiterated a Buy rating and $130 price target.
Robert W. Baird analyst Tristan Gerra maintained a Buy rating and $140 price target.
J.P. Morgan analyst Harlan Sur kept a Hold rating and $120 price target.
Stifel Nicolaus analyst Ruben Roy reiterated a Buy rating and $132 price target.
Roth MKM analyst Sujeeva De Silva maintained a Buy rating and increased his price target to $150 from $125.
Benchmark Co. analyst Cody Acree kept a Buy rating and $170 price target.
Morgan Stanley analyst Joseph Moore reiterated a Hold rating and $121 price target.
Barclays analyst Thomas O'Malley maintained a Buy rating and $130 price target.
Citi analyst Christopher Danely kept a Hold rating and increased his price target to $120 from $100.
AMD Stock Movement Today
AMD stock was down 1.95% on Friday morning, extending a 3.81% year-to-date decrease. The shares have also decreased 25.77% over the past 12 months.
Is AMD Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts' consensus rating for AMD is Moderate Buy, based on 22 Buy and 11 Hold ratings over the past three months. With that comes an average AMD stock price target of $129.41, representing a potential 11.52% upside for the shares.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
Nvidia vs. AMD: The Charts Pick the Winning Stock
Stock in Nvidia the only company that now holds a $4 trillion valuation, is starting to show signs of technical fatigue, while the rival chip maker Advanced Micro Devices is gaining strength. The daily chart below indicates Nvidia could be heading for a retest of a former breakout level, near a cup-base pivot at the round $150 mark. It took until June for the stock to decisively cross that line. Solve the daily Crossword
Yahoo
4 hours ago
- Yahoo
Nvidia, AMD to give the U.S. 15% of China their chip sales
Nvidia and AMD are reentering China's AI-chip market — by writing checks to the U.S. Treasury. To resume selling AI-capable chips such as the H20 and MI308, which were caught in Washington's tightening net of semiconductor restrictions earlier this year, the two companies have reportedly agreed to hand over 15% of their China revenue to the U.S. government in exchange for export licenses. The news is an export-policy twist that nobody saw coming: an arrangement that doesn't come with new specs or a quota but instead comes with a price tag that could add up to billions in revenue for the government. The deal was first reported by The Financial Times , and U.S. officials confirmed the news to Reuters . They haven't said whether the 15% cut will be skimmed off at the point of sale or collected later, or where it will be allocated once it lands in the Treasury Department's coffers. For both companies, the deal comes because China is simply too important to write off. Last year, Nvidia booked roughly $17 billion from the market — about 13% of its total revenue. AMD leaned in even harder, pulling in $6.2 billion, nearly a quarter of its sales. But the export ban imposed by the Trump administration in April put both companies on the defensive, with Nvidia taking a $5.5 billion write-down on stranded H20 inventory and warning of billions in lost sales. AMD flagged $800 million in inventory-related charges and projected a $1.5 billion revenue hit for the year, with gross margins taking as much as an 11-point knock. Those hits showed up fast in the quarterly numbers. AMD's second-quarter revenue jumped 32% year-over-year to $7.7 billion, but the lift came from gaming and PC chips. The data-center unit — home to its AI lineup — grew 14% to $3.2 billion, but performance was blunted by the MI308 ban. Gross margin fell to 43%. Nvidia hasn't yet reported a full quarter under the new restrictions, but a similar hit is expected, even as the company continues to outperform expectations. A rule shift this summer changed everything. In July, the Commerce Department began issuing licenses for the H20 — clearance that arrived after Nvidia CEO Jensen Huang met with President Donald Trump in Washington. AMD followed close behind with a license for its MI308. The new licenses don't restore pre-ban margins — every $1 billion in China chip sales now means $150 million off the top for Nvidia and AMD — but they replace a total freeze with a steady, if slimmer, stream. Behind the scenes, the Commerce Department is grappling with its worst export‑license backlog in over 30 years, delaying approvals and raising risks for U.S. exporters. The move is unusual in the history of U.S. export controls, which have typically been blunt instruments — either an outright ban or a technical downgrade to meet performance caps. This is the first time Washington has publicly tied access to a direct revenue share, a model that could be replicated in other sectors where the U.S. controls choke-point technology. Chinese state media have already reacted with suspicion . Doubts about the H20's safety, environmental standards, and alleged backdoor capabilities have been amplified following the deal with the U.S. government, which Nvidia has denied. Right now, the company is working on China-specific chip variants, including a downgraded H20 with lower memory capacity for export compliance, and it's exploring a Blackwell-based GPU for China that is expected to arrive later. Huang, however, has said that he wants to ship more advanced chips to Beijing . AMD, meanwhile, has been more tight-lipped about any China-only product plans. For now, Nvidia and AMD are making the same calculation that it's better to take a 15% haircut on billions in sales than to hand the entire market to any foreign rivals. Whether business deals like this one become a one-off fix or a fixture in U.S. trade policy, the message is blunt: If Washington controls the gate, it can charge admission — and the world's most valuable chipmakers will pay to get through. Sign in to access your portfolio
Business Insider
4 hours ago
- Business Insider
Here's what Wall Street experts are saying about Walmart ahead of earnings
Walmart (WMT) is scheduled to report results of its second quarter before the market open on Thursday, August 21, with a conference call scheduled for 8:00 am EDT. What to watch for: GUIDANCE: After delivering what the company called a 'solid' first quarter, Walmart backed its fiscal 2026 guidance calling for adjusted earnings per share of $2.50-$2.60, on revenue up 3%-4%, and adjusted operating income up 3.5%-5.5%. Analysts currently expect EPS of $2.64 on revenue of $699.23B. For the second quarter, Walmart predicted net sales to be up 3.5%-4.5% including a tailwind of approximately 20 basis points from the acquisition of VIZIO. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Guggenheim expects the company to report strong Q2 results and believes the stock's valuation has room for multiple expansion. Walmart is gaining share in consumables, its compares are easing, and tariffs should benefit gross margin, the analyst tells investors in a research note. Following a more difficult backdrop to start the year due to unexpected tariff and expense headwinds, Oppenheimer believes a positive guidance revision cycle could again materialize soon. The firm is now anchored to the high-end of management's FY25 guidance range of $2.50-$2.60. Oppenheimer believes the company could lift FY25 financial targets either with the upcoming Q2 report or with the Q3 print. 'GENERALLY SOLID': Evercore ISI said that the timing of Trump 2.0 policies creates uncertainties into the Q2 earnings season for large cap retailers, but Q2 was 'generally' solid, with early tariff pass through and limited price elasticity allowing nominal demand to hold up. Meanwhile, BofA said in an earnings preview note that Walmart is well-positioned to manage tariffs given its scale with suppliers, advanced pricing, automation, and inventory management, as well as the potential to shift imported first party goods to third party, and lower import exposure vs. many peers AMAZON GROCERY EXPANSION: Amazon (AMZN) is expanding its grocery selection to and is effectively lowering the cost of delivery and minimum basket size in latest efforts to drive more of the $1.5T offline grocery opportunity, Morgan Stanley said. The firm believes Amazon has been losing 'modest' online grocery share to Walmart, DoorDash (DASH), and Uber (UBER) due to to price, selection, convenience, delivery, and pick-up options, and thinks this category expansion and effective price reduction is an important signal of increased investment to drive durably faster growth. The grocery opportunity is large, but the extent to which Amazon increases competition could eventually challenge growth or profitability of peers, the firm argues, noting that among all grocers, Walmart has the most demonstrable track record of share gains and that it has been preparing for this risk over the last decade. AI AMBITIONS: In July, Walmart hired Instacart (CART) Chief Product Officer Daniel Danker as head of global AI acceleration, product, and design, starting next month and reporting to CEO Doug McMillon, The Wall Street Journal's Sarah Nassauer and Haley Zimmerman reported. Walmart is also adding an AI platform leader that will report to global CTO Suresh Kumar. 'These new roles reflect our ambition to move smarter and faster,' McMillon said in a memo to staff.
