Latest news with #AaronRakers
Yahoo
a day ago
- Business
- Yahoo
AMD Stock Jumps as AI Chip Prices Soar Ahead of Q2 Earnings
July 28 - Advanced Micro Devices (NASDAQ:AMD) shares leapt about 3.5% Monday after word broke that the chipmaker plans to boost the price of its Instinct MI350 AI accelerator from $15,000 to $25,000, a hefty 67% bump. Warning! GuruFocus has detected 5 Warning Signs with AMD. HSBC analysts first flagged the dramatic price move, noting that even at $25,000 the MI350 undercuts Nvidia's (NASDAQ:NVDA) Blackwell B200. Such a bold premium suggests AMD sees robust demand for its AI gear and could translate into significant revenue upside in its next quarterly release. Wells Fargo's Aaron Rakers and his team wasted no time reaffirming their bullish stance. They point to the freshly launched MI355X GPUs, shipping since June, as the linchpin for AMD's August 5 Q2 report. Market watchers will zero in on how swiftly customers embrace MI355X to gauge second?quarter momentum. Looking ahead, Rakers forecasts roughly $1.65 billion in data?center GPU sales in fiscal Q3 2025, marking modest year?on?year growth. That outlook already factors in an $800 million drag from export limits on MI308X shipments to China, pending license renewals. Any green light there could inject fresh upside into AMD's back half. The MI350 price hike and MI355X rollout reinforce AMD's bid for a larger slice of the $500 billion AI compute pie. As AMD vies with Nvidia on performance and value, its ability to command heftier prices without ceding market share will set the tone for next week's earnings call. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
18-07-2025
- Business
- Yahoo
AMD Gets Price Target Hike as Analysts See Data Centre Growth Accelerating
Advanced Micro Devices, Inc. (NASDAQ:) is one of the On July 16, Wells Fargo reiterated the stock as 'Overweight' and raised its price target on the stock to $185 per share from $120. 'We think AMD will point to confidence in the trajectory to y/y AMD's datacenter GPU growth into 2H25,' According to analyst Aaron Rakers, this datacenter GPU growth will be driven by the build-up of MI355X chips, which began shipping last month. The analyst also expects AMD to highlight its roadmap execution, especially for its fifth-generation Epyc processors dubbed Turin. 'We expect AMD results to highlight the company's position as a continued share gainer in server [central processing units] with a materializing ramp of Turin Zen 5-based EPYC CPUs + continued adoption of the Zen 4-based Genoa / Bergamo EPYC CPUs. We remain confident in AMD's strong roadmap execution,' he said, saying there should appear to be 'ample room for enterprise driven growth.' A robotic process automation system in a modern datacenter. AMD is set to report its earnings in early August. 'We expect AMD to point to sustained datacenter momentum into 2H; roadmap execution and building rack-scale strategy.' Advanced Micro Devices, Inc. (NASDAQ:AMD) develops and sells semiconductors, processors, and GPUs for data centers, gaming, AI, and embedded applications. 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: and Disclosure: None.
CNBC
16-07-2025
- Business
- CNBC
Wells Fargo raises AMD price target ahead of earnings, sees a nearly 20% gain for the stock
Advanced Micro Devices is a buy ahead of its upcoming earnings report and has room to grow in the next few months, Wells Fargo said on Wednesday. Analyst Aaron Rakers reiterated his overweight rating on the name and increased his price target to $185 from $120. That reflects 18.9% upside from Tuesday's close. "We think AMD will point to confidence in the trajectory to y/y AMD's datacenter GPU growth into 2H25," Rakers wrote in a Wednesday note, adding that such growth will be driven by the ramp up of MI355X chips , which began shipping last month. The analyst's forecast comes as the stock has surged more than 76% in the past three months, far surpassing the S & P 500's three-month gain of more than 18%. It's also risen more than 31% in the past six months. AMD 3M mountain AMD, 3-month Along with the company's datacenter growth trajectory, Rakers also anticipates that it'll highlight its roadmap execution, particularly when it comes to its fifth generation Epyc processors dubbed Turin. "We expect AMD results to highlight the company's position as a continued share gainer in server [central processing units] with a materializing ramp of Turin Zen 5-based EPYC CPUs + continued adoption of the Zen 4-based Genoa / Bergamo EPYC CPUs," the analyst also said. "We remain confident in AMD's strong roadmap execution," he continued, saying there should appear to be "ample room for enterprise driven growth." AMD is set to report earnings Aug. 5 after the bell. Rakers' bullish call is among the 37 total analysts that have a strong buy or buy-equivalent rating on the name, according to LSEG. Fifteen other analysts have stepped to the sidelines with a hold rating on the name. However, AMD has an average target of nearly $138, implying more than 11% downside potential.
Globe and Mail
04-07-2025
- Business
- Globe and Mail
Analysts Offer Insights on Technology Companies: Synopsys (SNPS) and Intel (INTC)
Analysts fell to the sidelines weighing in on Synopsys (SNPS – Research Report) and Intel (INTC – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks. Don't Miss TipRanks' Half-Year Sale 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. Synopsys (SNPS) In a report released today, Joseph Quatrochi from Wells Fargo maintained a Hold rating on Synopsys, with a price target of $520.00. The company's shares closed last Wednesday at $523.11. According to Quatrochi is a 5-star analyst with an average return of 19.7% and a 66.7% success rate. Quatrochi covers the Technology sector, focusing on stocks such as ARM Holdings PLC ADR, Allegro MicroSystems, and NXP Semiconductors. ;'> Currently, the analyst consensus on Synopsys is a Strong Buy with an average price target of $598.58. Intel (INTC) In a report released yesterday, Aaron Rakers from Wells Fargo reiterated a Hold rating on Intel, with a price target of $22.00. The company's shares closed last Wednesday at $21.88, close to its 52-week low of $18.51. According to Rakers is a top 100 analyst with an average return of 23.2% and a 67.1% success rate. Rakers covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Advanced Micro Devices, and Keysight Technologies. ;'> The word on The Street in general, suggests a Hold analyst consensus rating for Intel with a $21.35 average price target, representing a -5.2% downside. In a report issued on June 23, Truist Financial also maintained a Hold rating on the stock.
Yahoo
17-06-2025
- Business
- Yahoo
Wells Fargo Remains Bullish on Micron Technology (MU) With a $130 PT
Micron Technology, Inc. (NASDAQ:MU) is one of the . Analyst Aaron Rakers from Wells Fargo maintained a Buy rating on Micron Technology, Inc. (NASDAQ:MU) on June 11, keeping the price target at $130.00. The analyst based the rating on the company's market positioning and advancements, stating that its recent announcement of the start of sample shipments of 36GB HBM4 12-High to key customers reflects a continuous and focused execution of the technology roadmap. A close-up view of a computer motherboard with integrated semiconductor chips. The analyst reasoned that this new product leverages the company's advanced 1-beta DRAM process, providing notable performance enhancement and power efficiency improvements compared to the previous generations. Micron Technology, Inc. (NASDAQ:MU) also has a strategic focus on customizing logic base die with HBM4E+ and expanding the HBM:DDR5 trade ratio, factors that the analyst considers strong indicators of growth in the high-bandwidth memory market. The analyst further reasoned that Micron Technology, Inc. (NASDAQ:MU) underwent significant revenue growth in its HBM segment in fiscal Q2 2025, exceeding $1 billion and suggesting continued growth in the upcoming quarters. Micron Technology, Inc. (NASDAQ:MU) provides innovative memory and storage solutions. Its operations are divided into the following segments: Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU). While we acknowledge the potential of MU 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.
