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Business Insider
2 hours ago
- Business
- Business Insider
AMD vs. MRVL vs. INTC: Which Chip Stock Is Wall Street's Best Pick?
Chip companies are benefiting from artificial intelligence (AI)-led demand for their products. They are also expected to gain from larger tax credits under Trump's 'big, beautiful bill,' as an incentive to boost domestic production. However, macro challenges, tariff uncertainties, rising competition, and chip export transactions have been weighing on their performance. Despite ongoing headwinds, long-term demand trends appear favorable for chipmakers, driven by the continued shift to the cloud and AI boom. Using TipRanks' Stock Comparison Tool, we placed Advanced Micro Devices (AMD), Marvell Technology (MRVL), and Intel (INTC) against each other to find the best chip stock, according to Wall Street analysts. 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. Advanced Micro Devices (NASDAQ:AMD) Stock Advanced Micro Devices stock has risen about 19% over the past month, bringing the year-to-date rise to 14%. Upbeat first-quarter results, strategic acquisitions to support AMD's AI ambitions, and new graphics processing units (GPUs), mainly MI350 and MI400 series, unveiled at the Advancing AI event, have driven the stock higher and addressed concerns about the company lagging behind rival Nvidia (NVDA) in the AI race. Ahead of AMD's Q2 results scheduled on August 5, several analysts are confident about strong growth in the company's data center GPU (graphics processing unit) business. Currently, analysts expect AMD to report earnings per share (EPS) of $0.49, reflecting a 29% year-over-year decline. Revenue is estimated to grow by 27% to $7.41 billion. Is AMD Stock a Buy or Sell? Recently, Melius Research analyst Ben Reitzes upgraded AMD stock to Buy from Hold and raised the price target to $175 from $110. The 4-star analyst discussed several favorable aspects, including stronger-than-anticipated demand for AMD's MI300 and MI350 series GPUs as well as early traction for the upcoming MI400 platform. Reitzes also noted the demand for Advanced Micro Devices' products in AI inferencing and moderating risks in the PC segment. He also highlighted robust deal momentum, including those with Amazon (AMZN), ChatGPT-maker OpenAI, Meta Platforms (META), and Saudi Arabia's HUMAIN. Aside from AI GPUs, Reitzes expects continued share gains in high-margin server CPUs. With 24 Buys and 10 Holds, Wall Street has a Moderate Buy consensus rating on Advanced Micro Devices stock. The average AMD stock price target of $133.62 indicates 3% downside risk from current levels. Marvell Technology (NASDAQ:MRVL) Stock Marvell develops application-specific integrated circuits (ASICs) that are used as AI accelerators by customers in their data centers and cloud infrastructure. These AI accelerators (or XPUs) are preferred by some customers as they can be cost-effective alternatives to Nvidia's GPUs, which are designed for more generic workloads. Marvell stock has risen 5.3% over the past month but is still down about 35% year-to-date. A guidance miss earlier this year dragged down the stock along with macro woes and tariff pressures. However, the company's market-beating Q1 FY25 results and second-quarter guidance improved investor sentiment, reflecting strength in the demand for the company's custom chips amid the AI boom. The company is optimistic about the road ahead, bolstered by the demand for custom AI chips. Management expects to gain from robust spending by hyperscalers, sovereign data center projects, and opportunities in emerging markets. What Is the Forecast for MRVL Stock? Recently, Piper Sandler analyst Harsh Kumar reiterated a Buy rating on Marvell stock with a price target of $85, saying 'Growth to be Driven by XPU Proliferation.' Following meetings with management, the 5-star analyst noted that the company's growth strategy for its XPUs is on track and is set to ramp significantly in the near to mid-term timeframe. In Kumar's view, MRVL is one of only two companies that hold the necessary intellectual property to service the leading-edge XPU market for hyperscaler customers. He continues to believe that this market will remain resilient as hyperscaler spend remains strong. Turning to Wall Street, Marvell stock scores a Strong Buy consensus rating on TipRanks, based on 27 Buys and four Holds. The average of $91.39 indicates 27% upside potential from current levels. Intel Corporation (NASDAQ:INTC) Stock Intel stock has risen 18% so far this year, as investors are hopeful of a turnaround under the leadership of the company's new CEO Lip-Bu Tan. In fact, INTC stock surged 7.2% on July 8, as investors welcomed the news of new tax credits and additional layoffs aimed at streamlining operations. The chipmaker has been struggling in recent years, as a lack of innovation, strategic missteps, and delays in product launches have led to a continued loss of share in the CPU market to AMD. CEO Tan is attempting to revive the business by enhancing efficiency, reducing costs, divesting non-core assets, and introducing new products. While investor sentiment has improved, Wall Street remains cautious on INTC stock, as several analysts await further signs of improvement at the company. Moreover, analysts are concerned that Intel may miss the opportunity to capitalize on AI-driven demand for advanced chips. Additionally, chip restrictions and tariff woes could hinder the company's ongoing restructuring efforts. Intel is scheduled to announce its second-quarter earnings on July 24. Wall Street expects Intel's Q2 revenue to decline by more than 7% to about $12 billion, while EPS is estimated to remain flat on a year-over-year basis at $0.02. Is Intel a Buy, Sell, or Hold? Recently, Truist Securities analyst William Stein reiterated a Hold rating on Intel stock with a price target of $21. The 5-star analyst stated that Intel's Foundry Direct Connect conference provided a glimpse of CEO Tan's strategy, which he believes is similar to that of his predecessor. He noted that building the company's manufacturing and foundry capabilities remains a major focus. Stein added that Tan's recent hires suggest that Intel's longer-term aspirations may resemble Broadcom's (AVGO) ASIC business. Stein is concerned that tariff-related pull-ins may impact near-term demand. Meanwhile, the analyst noted that INTC's restructuring and layoffs continue to get attention. He believes that Intel's aim is to reduce the number of management layers to simplify the company's organizational complexity. Stein expects Intel's Q2 earnings to be the next significant catalyst. He added that Q2 expectations are muted. The analyst sees earnings as more likely a positive than a negative catalyst, though his 'conviction on this matter is low.' Overall, Wall Street has a Hold consensus rating on Intel stock based on 26 Holds, four Sells, and one Buy recommendation. At $21.44, the average INTC stock price target implies a possible downside of 9.1% from current levels. See more INTC analyst ratings Conclusion Wall Street is sidelined on Intel stock and cautiously optimistic on AMD stock. Meanwhile, analysts are bullish on the growth prospects of Marvell stock, backed by AI tailwinds. They see higher upside potential in MRVL stock than in the other two chip stocks. Most analysts view the pullback in Marvell stock as an attractive buying opportunity to capitalize on the company's long-term growth story.
India.com
6 days ago
- Business
- India.com
From Mukesh Ambani, Elon Musk, Zuckerberg to Sam Altman use their…, India is ‘super important' market for them, they are….
India is an extremely important market for AMD, with Reliance Jio the country's largest telecom operator among the customers using its graphic processing units (GPUs) in data centres, a senior company official told PTI. It has a workforce of around 8,000 in India and AMD views the country as a critical engineering hub, according to company officials. AMD On Work WIth Mukesh Ambani's Jio Speaking to PTI on the sidelines of the Advancing AI event organised by the company recently, AMD General Manager for Data Center GPU business unit Andrew Dieckman spoke about the work with Jio. 'So we've deployed a fairly significant POC (proof of concept) with them that we're working on. And we are working on some future deployment plans that are yet to be announced in the future,' he said, adding that Jio is an 'important partner' for the company in India. Meta, OpenAI, Tesla Use AMD's Services Earlier, the company's Chief Executive Lisa Su said it is working with top companies, including Meta, OpenAI, Tesla, and Reliance Jio, for powering their AI advancements, and added that many of the customers have been added in the last nine months. About 70 per cent of companies at the top of AI work, including Reliance Jio, are using AMD's 'Instinct' GPUs, she said, displaying a long list of brands. It can be noted that Jio had earlier announced a partnership with AMD's bigger rival Nvidia on building AI infrastructure in the country. The collaboration is aimed at advancing India's capabilities in harnessing the power of AI for various industries and sectors, as per the company. There were media reports last year saying Jio's parent Reliance Industries will be using Nvidia's Blackwell chips for its data center. At the event, Su said her company's offerings are much cheaper than rivals while delivering the same or better computing performance. On perceptions of Nvidia holding the edge when it comes to the GPU market, Dieckman said one company will not define everything that is AI for the entire world and added that it is a very large market that can accommodate multiple winners. 'There will not be one company that will define everything that is AI for the entire world. This is not healthy, and nor will strong companies and strong sovereign nations allow that to happen, because it's just putting all of your eggs in one very specific basket,' he said. AMD is not a 'transactional company' and believes in a very collaborative mindset, he said, pointing out that it has an open ecosystem. Apart from working with Reliance Jio, AMD is also keen on offering its services to the Sovereign AI initiative, he said. 'We are seeking to work very closely with the various large players there (in India) to bring domestic solutions to market and make sure that India is well represented in terms of having your own sovereign AI capabilities. Speaking about AMD's operations in the country, where it employs over 8,000 people, Dieckman said the company has a large footprint in India and the country plays a critical role in its research and development. 'When you look at the growth rate and GDP of India, (it is) super important on market for us. And we are seeking to work very closely with, you know, the various large players there to bring domestic solutions to market and make sure that India is well represented in terms of having your own sovereign AI capabilities,' he said. (With Inputs From PTI)
Time of India
6 days ago
- Business
- Time of India
India 'super important' market; Reliance Jio using our GPUs: AMD
India is a "super important" market for AMD and the largest telco Reliance Jio is among the customers using the graphic processing units ( GPUs ) in its data centres, a senior official has said. The company, which has around 8,000 employees here, considers India as a key hub from an engineering perspective, officials have said. Speaking to PTI on the sidelines of the Advancing AI event organised by the company recently, AMD General Manager for Data Center GPU business unit Andrew Dieckman spoke about the work with Jio. "So we've deployed a fairly significant POC (proof of concept) with them that we're working on. And we are working on some future deployment plans that are yet to be announced in the future," he said, adding that Jio is an "important partner" for the company in India. Earlier, the company's Chief Executive Lisa Su said it is working with top companies, including Meta, OpenAI, Tesla, and Reliance Jio, for powering their AI advancements, and added that many of the customers have been added in the last nine months. About 70 per cent of companies at the top of AI work, including Reliance Jio, are using AMD's 'Instinct' GPUs, she said, displaying a long list of brands. It can be noted that Jio had earlier announced a partnership with AMD's bigger rival Nvidia on building AI infrastructure in the country. The collaboration is aimed at advancing India's capabilities in harnessing the power of AI for various industries and sectors, as per the company. There were media reports last year saying Jio's parent Reliance Industries will be using Nvidia's Blackwell chips for its data center. At the event, Su said her company's offerings are much cheaper than rivals while delivering the same or better computing performance. On perceptions of Nvidia holding the edge when it comes to the GPU market, Dieckman said one company will not define everything that is AI for the entire world and added that it is a very large market that can accommodate multiple winners. "There will not be one company that will define everything that is AI for the entire world. This is not healthy, and nor will strong companies and strong sovereign nations allow that to happen, because it's just putting all of your eggs in one very specific basket," he said. AMD is not a "transactional company" and believes in a very collaborative mindset, he said, pointing out that it has an open ecosystem. Apart from working with Reliance Jio, AMD is also keen on offering its services to the Sovereign AI initiative, he said. "We are seeking to work very closely with the various large players there (in India) to bring domestic solutions to market and make sure that India is well represented in terms of having your own sovereign AI capabilities. AMD is working with 40 sovereigns or governments across the globe at present, he added. Speaking about AMD's operations in the country, where it employs over 8,000 people, Dieckman said the company has a large footprint in India and the country plays a critical role in its research and development. "When you look at the growth rate and GDP of India, (it is) super important on market for us. And we are seeking to work very closely with, you know, the various large players there to bring domestic solutions to market and make sure that India is well represented in terms of having your own sovereign AI capabilities," he said.
Time of India
7 days ago
- Business
- Time of India
India 'super important' market; Reliance Jio using our GPUs: AMD
AMD sees India as a key market. Reliance Jio is using AMD's GPUs in its data centers. Both companies are working on future plans. AMD aims to support India's sovereign AI capabilities. The company is collaborating with various large players in India. AMD also emphasizes its open ecosystem and collaborative approach. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India is a "super important" market for AMD and the largest telco Reliance Jio is among the customers using the graphic processing units ( GPUs ) in its data centres, a senior official has company, which has around 8,000 employees here, considers India as a key hub from an engineering perspective, officials have to PTI on the sidelines of the Advancing AI event organised by the company recently, AMD General Manager for Data Center GPU business unit Andrew Dieckman spoke about the work with Jio."So we've deployed a fairly significant POC (proof of concept) with them that we're working on. And we are working on some future deployment plans that are yet to be announced in the future," he said, adding that Jio is an "important partner" for the company in the company's Chief Executive Lisa Su said it is working with top companies, including Meta, OpenAI, Tesla, and Reliance Jio, for powering their AI advancements, and added that many of the customers have been added in the last nine 70 per cent of companies at the top of AI work, including Reliance Jio, are using AMD's 'Instinct' GPUs, she said, displaying a long list of can be noted that Jio had earlier announced a partnership with AMD's bigger rival Nvidia on building AI infrastructure in the collaboration is aimed at advancing India's capabilities in harnessing the power of AI for various industries and sectors, as per the company. There were media reports last year saying Jio's parent Reliance Industries will be using Nvidia's Blackwell chips for its data the event, Su said her company's offerings are much cheaper than rivals while delivering the same or better computing perceptions of Nvidia holding the edge when it comes to the GPU market, Dieckman said one company will not define everything that is AI for the entire world and added that it is a very large market that can accommodate multiple winners."There will not be one company that will define everything that is AI for the entire world. This is not healthy, and nor will strong companies and strong sovereign nations allow that to happen, because it's just putting all of your eggs in one very specific basket," he is not a "transactional company" and believes in a very collaborative mindset, he said, pointing out that it has an open from working with Reliance Jio, AMD is also keen on offering its services to the Sovereign AI initiative, he said."We are seeking to work very closely with the various large players there (in India) to bring domestic solutions to market and make sure that India is well represented in terms of having your own sovereign AI is working with 40 sovereigns or governments across the globe at present, he about AMD's operations in the country, where it employs over 8,000 people, Dieckman said the company has a large footprint in India and the country plays a critical role in its research and development."When you look at the growth rate and GDP of India, (it is) super important on market for us. And we are seeking to work very closely with, you know, the various large players there to bring domestic solutions to market and make sure that India is well represented in terms of having your own sovereign AI capabilities," he said. PTI
Yahoo
24-06-2025
- Business
- Yahoo
AMD Breaks Out: Bold Analyst Call, Cathie Wood Bet Signal AI Momentum Shift
After months of trailing Nvidia (NVDA, Financials) in the AI chip war, Advanced Micro Devices (AMD, Financials) is showing fresh signs of a comebackbacked by bullish analyst upgrades, a surge in share price, and renewed institutional buying. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Melius Research upgraded AMD to buy from hold on June 23, lifting its price target from $110 to $175. The firm sees a multi-year surge in GPU demand, driven by the company's MI400 seriesexpected in 2026and stronger AI inferencing trends. "Many things have changed for the better since the beginning of the year," analysts wrote, predicting AMD's earnings per share could exceed $8 within two years. The upgrade follows AMD's Advancing AI event earlier this month in San Jose, where CEO Lisa Su touted the MI350 chip as faster than Nvidia's comparable offering. Su now sees the AI accelerator market surpassing the earlier $500 billion estimate by 2028. Wall Street has taken notice. AMD shares have jumped 11.5% over the past five trading sessions, closing at $129.58. Year to date, the stock is up 7.3%, rebounding from a nearly 20% decline in the first four months of 2025. Cathie Wood is also back in. Her Ark Invest added more than 285,000 AMD shares last weekworth about $37 millionreversing some of the stake she trimmed when AMD peaked in early 2024. First-quarter earnings in May gave the rally legs; AMD beat expectations with $7.44 billion in revenue and 96 cents EPS. The data center segment grew 57% year over year, despite export restrictions. AMD is also expanding globally; a recent partnership with Saudi AI firm Humain aims to build a $10 billion infrastructure over five years. After a turbulent start to 2025, momentum appears to be turningand fast. This article first appeared on GuruFocus. 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
