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AMD Long

by SignalFactory   ·  July 27, 2021 | 10:23:44 UTC  

AMD Long

by SignalFactory   ·  July 27, 2021 | 10:23:44 UTC  

Advanced Micro Devices’ AMD second-quarter 2021 results, to be reported on Jul 27, are expected to benefit from the ongoing momentum in EPYC processors and semi-custom products’ sales.

However, higher investments in product development and platform to retain its competitive stance against the likes of Intel INTC and NVIDIA NVDA are likely to have affected profitability.

Strong Demand for EPYC Processors:
AMD has been clinching new deal wins for its EPYC processors from data centers, cloud, and high-performance computing (“HPC”) companies, including Amazon Web Services (AWS), Alphabet’s GOOGL Google Cloud, and Microsoft’s Azure.

The company’s increased server share is expected to drive top-line growth in the to-be-reported quarter. AMD is riding on strong demand for both second-and third-generation EPYC processors.

The growing adoption of second-generation solutions was complemented by third-generation EPYC processors amid new deal wins from major enterprise, cloud, and HPC companies.

Semi-custom revenues in the second quarter are anticipated to benefit from strong demand for Xbox Series X, Xbox Series S, and PlayStation 5 gaming consoles.

In first-quarter 2021, Enterprise, Embedded, and Semi-Custom segment’s (39% of total revenues) revenues of $1.345 billion were up 286% year over year and 5% sequentially.

The Zacks Consensus Estimate for Enterprise, Embedded, and Semi-Custom segment for the second quarter is pegged at $1.44 billion. The projection suggests an increase of 154.3% from the figure reported in the year-ago quarter.

Computing and Graphics to Aid Top Line:
AMD is expected to witness steady demand for Ryzen processors in the second quarter due to the extension of the work-from-home and online-learning setup.

The consensus mark for revenues for this Zacks Rank #2 (Buy) company’s Computing and Graphics segment for the second quarter is pegged at $2.17 billion, which indicates an increase of 58.7% on a year-over-year basis.

Higher PC shipments in the second quarter, driven by increased demand, are anticipated to have favored the segment’s performance.

Strong PC shipments’ trend in the second quarter of 2021, driven by increased demand for notebooks, is expected to favor AMD’s performance in the to-be-reported quarter. Per IDC data, PC shipments in the second quarter of 2021 improved 13.2% year over year to 83.6 million units. This is expected to drive the second-quarter 2021 top line.

AMD Long (Buy)  
Enter at: 94.09
T.P_1:  95.33
T.P_2: 99.15
T.P_3: 105.17
T.P_4: 109.92
S.L: 87.27 

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