Latest news with #VivekArya
Business Insider
15 hours ago
- Business
- Business Insider
Analog Devices price target raised to $275 from $260 at BofA
BofA analyst Vivek Arya raised the firm's price target on Analog Devices (ADI) to $275 from $260 and keeps a Buy rating on the shares as part of a Q2 preview for the analog semiconductor group. The firm says industrial and auto data points are mixed but improving in the near-term. 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. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Time of India
2 days ago
- Business
- Time of India
Bank of America just gave AMD a massive upgrade — here's why the stock could soar 35%
Why did Bank of America hike AMD's stock price target to $175? Live Events Taking market share from Intel in server CPUs from Intel in server CPUs Recovering embedded chip sales Launching its next-gen MI400 GPU systems in 2026 How does this compare to other analyst predictions? TipRanks shows a 'Moderate Buy' consensus with average targets near $150 shows a 'Moderate Buy' consensus with average targets near $150 MarketWatch reports several firms now eyeing AMD's potential in AI acceleration as a major long-term growth driver reports several firms now eyeing AMD's potential in AI acceleration as a major long-term growth driver Some bulls see $215 as a realistic stretch goal, which would represent a 35%+ jump from here What's the current stock trend for AMD? Broke out of a key resistance zone in early July in early July 50-day moving average crossed above the 200-day (a bullish 'golden cross') (a bullish 'golden cross') Momentum remains strong , though RSI suggests the stock is approaching overbought territory , though RSI suggests the stock is approaching overbought territory Support levels : $148 and $123 : $148 and $123 Next major resistance: $187 and potentially $215 How are AMD's data center and AI chip sales performing? What role does China's AI market play in AMD's growth? Who's already adopting AMD's AI hardware? Can AMD maintain its momentum in the face of global headwinds? FAQs: (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Advanced Micro Devices (AMD) is back in the spotlight—and this time, it's not just about its cutting-edge chips. Bank of America's boldest price target yet for AMD stock signals growing confidence in the company's future, especially after major policy changes unlocked massive revenue potential in AI ambitions are clearly paying off. With strong momentum in data centers and the green light to re-enter the Chinese market, analysts are now calling AMD a serious contender against Nvidia. Here's a full breakdown of what's driving this bold Wall Street July 16, Bank of America analyst Vivek Arya raised his AMD stock price target from $130 to $175, a 35% jump. This is the most aggressive call made on AMD this year by a major Wall Street call wasn't just based on AMD's strong fundamentals. It came after a crucial policy shift by the U.S. government, which now allows AMD and rival Nvidia to resume shipments of advanced AI accelerators to Chinese data centers. This unlocks a revenue stream that had been frozen under previous export of America estimates this could add $500 million to $1 billion in revenue for AMD over the next two quarters alone—making the raised target more than just optimism. It's a calculated bet on a major growth analysts expect AMD to generate $400–600 million per quarter in revenue from its data-center GPUs during the second half of 2025. That could add an extra $1 billion to this year's total sales and up to $2 billion in 2026. And unlike some other chipmakers, AMD's MI300X GPUs are fetching premium prices — in the $20,000 to $25,000 range — giving a nice lift to profit GPUs, AMD is gaining ground in other key areas too:Altogether, Bank of America thinks AMD is 'firing on all cylinders' — and that's why they're betting big on its $175 target isn't even the most aggressive on Wall Street. HSBC recently upgraded AMD to a 'Buy' with a $200 price target — implying roughly 30%–35% upside from current levels. That call was based on AMD's ability to price its chips above expectations and the early traction of its new MI350 analysts remain optimistic too:AMD has had a strong run in 2025. The stock is up about, trading near— one of its highest levels since late a quick technical snapshot:The technicals are confirming what the fundamentals are saying: AMD is in an uptrend, and buyers are firmly in started the year behind Nvidia in the AI chip race, but it's now catching up—fast. In Q1 2025, AMD's data center revenue surged 57% year-over-year to $3.7 billion, now making up almost half of its total real stars of the show? AMD's EPYC CPUs and Instinct MI300 series GPUs, which are now widely used in large-scale AI applications. The MI300 chips have earned positive reviews not just for performance, but for delivering better value per dollar compared to Nvidia's alternatives, according to some push further, AMD recently unveiled its MI350 Series and a new rack-level AI platform called Helios. AMD says MI350 offers 40% more AI performance per dollar than the previous model—a big step in a market where cost-efficiency is one of the largest buyers of AI chips in the world. According to reports, Chinese cloud companies spend nearly 20% of all global AI training budgets. Losing access to that market in recent years was a significant setback for that the U.S. has eased restrictions, AMD can start selling again to top Chinese customers—potentially opening up multi-quarter sales growth in Asia. With the MI300 series and upcoming MI400 GPUs, AMD is now well-positioned to serve that high-demand market, competing not just with Nvidia but also Chinese tech giants like access to China could become one of the biggest revenue growth drivers in AMD's upcoming big names are already integrating AMD's chips into their (formerly Facebook) has started using AMD's MI300 GPUs to power its internal AI models. It's also planning to test the newer MI350 series AI cloud startup TensorWave has built the largest AMD GPU deployment in North America—an 8,192-chip system delivering 21 exaFLOPS of key advantage? AMD's commitment to open-source tools like ROCm, which appeals to cloud providers and developers looking for flexible AI development environments. This strategy helps AMD win over a part of the market that may feel locked into proprietary ecosystems from the strong growth signals, AMD isn't in the clear just yet. The company still faces challenges in global supply chains, geopolitical uncertainties, and fierce competition from Nvidia, Intel, and Chinese semiconductor if AMD successfully executes its next-gen product rollout and capitalizes on its reopened sales pipeline in China, it could be heading toward a long-term growth of America's $45-per-share price hike is a strong vote of confidence, suggesting AMD's value may still be underestimated by the market. Whether that call pays off depends on how well AMD can scale its AI hardware business in the quarters transformation from a perceived underdog to a rising force in AI infrastructure is happening faster than many expected. With strong product traction, reentry into the Chinese market, and Wall Street backing, AMD's story in 2025 is shaping up to be one of the most important in the tech are now watching closely to see if AMD can deliver on these high expectations—and whether its chips can help lead the next wave of global AI innovation.A: Because of strong AI chip growth and the return of China exports.A: By launching MI300 and MI350 chips and gaining big tech support.
Business Insider
2 days ago
- Business
- Business Insider
AMD Stock Slips on Threadripper Pro Pricing
Advanced Micro Devices (AMD) stock was down on Friday after the semiconductor company revealed the price of its Threadripper Pro 9000 WX-Series CPUs. The Zen 5-based processors will start at $1,649 and will top out at $11,699 when they are released on July 23. 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. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Investors might be sticker-shocked by the price of these new AMD processors, but it's worth noting these aren't for the average computer user. Instead, the Threadripper Pro line is designed with professionals in mind. The large number of cores allows them to be used in powerful applications, such as rendering and artificial intelligence (AI). AMD is also expected to release Threadripper processors that are more reasonably priced. These will lack the Pro designation, but will still offer plenty of power to computer builders. However, the company has yet to reveal how much these CPUs will set consumers back. AMD Stock Movement & Analyst Updates AMD stock was down 1.57% in pre-market trading on Friday, but remained up 30.81% year to date and 5.83% over the past 12 months. AMD stock has also received several analyst updates this week, as traders prepare for the release of the company's earnings report in early August and celebrate the end of an AI chip export ban on China. That coverage includes new ratings and price targets from top analysts. Bank of America Securities' Vivek Arya reiterated a Buy rating and increased his price target to $175 from $130. Mizuho Securities' Vijay Rakesh upgraded the stock to Buy and raised his price target to $175 from $152. Wells Fargo's Aaron Rakers maintained a Buy rating and boosted his price target to $185 from $120. Bernstein's Stacy Rasgon initiated coverage with a Hold rating and a $95 price target. Piper Sandler's Harsh Kumar kept a Buy rating and a $140 price target. Is AMD Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for AMD is Moderate Buy, based on 25 Buy and 10 Hold ratings over the past three months. With that comes an average AMD stock price target of $141.87, representing a potential 9.88% downside for the shares.
Business Insider
5 days ago
- Business
- Business Insider
‘Watch AMD Stock Surge,' Top BofA Analyst Boosts Price Target on Strong AI Momentum
Advanced Micro Devices (AMD) just got a bullish upgrade from BofA Securities analyst Vivek Arya, who raised his price target to $175 from $130, while maintaining a Buy rating. The five-star analyst shows confidence in AMD's AI strategy and its expanding footprint in the data center GPU market. 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. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. It must be noted that the upward revision came after AMD disclosed plans to resume shipments of its MI308 AI chips to China after receiving U.S. government approval. AMD stock was up 6% as investors were optimistic about this development. Analyst Sees Data Center Growth Arya estimates AMD can ship $400–$600 million in data center GPUs per quarter in the second half of 2025 and all of 2026. That adds about $1 billion to AMD's 2025 data center GPU forecast, and $2 billion to 2026 expectations, even with flat year-over-year growth due to local competition. Further, the analyst is optimistic about AMD's pricing power. The company's MI355X chips are selling for $20,000–$25,000, well above the $17,000 market assumption. Beyond data center GPUs, the analyst highlighted several other potential growth drivers for AMD, such as share gains in server CPUs against Intel (INTC), and expects growth from embedded systems and future MI400 chips, especially in government-backed projects. The new $175 price target is based on a 31x multiple of AMD's estimated 2026 earnings, up from 23x previously. Also, Arya noted this remains within AMD's historical valuation range of 13x to 39x, and close to its five-year median of 32x. Is AMD a Good Stock to Buy? On TipRanks, AMD stock has a Moderate Buy consensus rating based on 25 Buys and 10 Holds assigned in the last three months. The average AMD price target of $135.97 suggests an upside potential of 12.193% from its current price. In the past three months, shares of the company have gained about 65.6%.
CNBC
6 days ago
- Business
- CNBC
Nvidia hits new record high after saying it expects to resume sales of H20 chips to China
Vivek Arya, Bank of America Securities, joins 'Closing Bell Overtime' to talk what is pushing Nvidia and semiconductor ETFs to record highs and where the space goes from here.
