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AMD
Advanced Micro Devices, Inc. - NYSE

4/18/2014, 10:01 PM ET
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  • Advanced Micro Devices Set To Grow
    IAEResearch Today, 12:07 PM 6 Comments

    Summary

    • The financial position of the company is good, which should support the turnaround efforts over the next few months.
    • The focus on high-growth areas will support future revenue growth for the company.
    • A change in the revenue mix with the focus on high-margin areas will result in improved margins over the next few quarters.
  • AMD's Turnaround Is Real
    Mark Hibben Today, 10:49 AM 20 Comments

    Summary

    • Following AMD's earnings report, the stock popped by 5% after hours.
    • The report made clear that AMD's console sales were not a fluke and can help sustain AMD in 2014.
    • PC sales remain a weak spot as Intel continues to successfully exploit its process advantage.
    • I expect that process advantage to be negated once Global Foundries and other ARM foundries put their own 14 nm FinFET processes into production.
  • The Scariest Graph I Can Show AMD Shorts
    Justin Jaynes Yesterday, 10:55 PM 94 Comments

    Summary

    • Seasonally, game consoles peak in the back half of the year.
    • Historically, game consoles peak in the third year.
    • Although AMD still faces challenges, many of the "straw men" created to attack it are no longer feasible.
  • What You Should Know Going Into Advanced Micro Devices' Q1 Earnings Report And Outlook For 2014
    Tri Duong Yesterday, 6:30 AM 92 Comments

    Summary

    • AMD's current profitability is mainly due to high volume of console sales.
    • WedBush estimated 21 million units of PlayStation 4 and Xbox One will be sold in 2014.
    • Console sales are the primary growth driver for 2014. AMD's dense servers will pick up the second half of 2014.
  • AMD: Will The Market Surprise Us? No Sell-Off After Earnings?
    Alcaraz Research Yesterday, 4:26 AM 33 Comments

    Summary

    • A hit or a miss on earnings expectations is of secondary importance to me. I’m more concerned on how the stock market will react after AMD’s earnings report.
    • AMD, being the weakest among its peers, historically received a sell-off during post-earnings trading.
    • It doesn’t matter much whether AMD beats the Street estimates, the stock seems to always receive a post-earnings beating.
  • Why AMD Is A Good Short To $3.00
    Wall Street Playbook Wed, Apr. 16 190 Comments

    Summary

    • I'm not ready to buy yet another AMD "turnaround" story.
    • Although the year-over-year revenue growth has been strong, this speaks more to where the company's comps have been.
    • Without revenue materially impacting profits, there is no point to a bullish argument.
  • Thursday Will Likely Center Around PCs For AMD
    Justin Jaynes Tue, Apr. 15 182 Comments

    Summary

    • The PC market will likely be one of the deciding factors Thursday afternoon when AMD reports.
    • AMD has taken steps to mitigate many concerns.
    • The lack of information surrounding AMD's upcoming mobile APUs make Computing Solutions revenues difficult to predict.
  • Advanced Micro Devices - Should You Sell?
    Sal Marvasti Tue, Apr. 15 89 Comments

    Summary

    • Fundamental, technical, insider, short positions and custom valuation metrics are used to predict short-term AMD performance. We have to agree with the authors who rate AMD a sell.
    • Many AMD products were a disappointment last year, with the exception of Consoles, Professional desktop graphics.
    • Our modeling shows a fair value of $2.3-$3.9, depending on long-term growth assumptions.
  • Avoid This Well-Known Chipmaker
    Kasteel Research Mon, Apr. 14 96 Comments

    Summary

    • At first sight, AMD implements its turnaround strategy successfully by increasing revenues quarter over quarter and by improving operating margin.
    • But if we have a deeper look at the results, they are not as good as it seems to be.
    • In this article, I analyze gross/operating margins, expenses, inventories and accounts receivable.
    • To make my point against AMD, I also compare some metrics with Intel.
  • AMD: Custom BlueStacks Can Boost APU And Radeon Sales
    Alcaraz Research Fri, Apr. 11 24 Comments

    Summary

    • It is confirmed, soon-to-be released AMD-powered desktop and notebooks will have pre-installed custom BlueStacks Android emulator.
    • The custom BlueStacks App is different from the generic version that’s available online. BlueStacks for AMD is especially optimized to maximize the gaming experience of Radeon and AMD APU-equipped computers.
    • The custom BlueStacks for AMD will let customers enjoy full Android OS experience on their computers at no extra charge.
    • The gamers population is huge and AMD should always prioritize them. Intel is too busy trying to win tablet and smartphone market share, it doesn’t care much about gamers.
  • Will AMD Finally Surprise Us?
    Sean Chandler Fri, Apr. 11 73 Comments

    Summary

    • AMD has fallen for the last three quarters, and it's now the fourth round.
    • AMD has consistently beaten their own projections as well as analysts' expectations in the last year.
    • Due to strong sales from consoles, Mac Pros, and consumer graphics, a beat is highly probable for this round of earnings.
    • If AMD can prove their consistency in remaining profitable while demonstrating strong sales, it is possible that AMD will actually surprise for the first time in a year.
  • Earnings Preview: AMD
    Renu Singh Fri, Apr. 11 22 Comments

    Summary

    • AMD is expected to report terrific growth in earnings and revenue.
    • Looking ahead, strong sales of AMD's dense server solutions, GPU sales, and strong console sales should drive its revenue.
    • AMD's earnings growth forecast for the next five years is fantastic, and at a low forward P/E, it looks like a bargain.
  • AMD Could Beat Earnings Estimates
    Tri Duong Thu, Apr. 10 102 Comments

    Summary

    • AMD's Q1 2014 forecast is conservative assuming a 10% PC market decline and slower console sales.
    • IDC reports PC shipments are better than expected with the US market showing signs of stabilizing.
    • Consoles and GPU sales continue to benefit from high consumer demand.
  • AMD: The New Puma Chip As A Catalyst In Mobile
    Justin Jaynes Wed, Apr. 9 117 Comments

    Summary

    • AMD's has advertised big performance per watt gains for the upcoming Puma chips.
    • Examining the Jaguar design makes the performance gains highly plausible.
    • Looking at information published following MWC (mobile world congress), combined with Geekbench 3 data and AMD's press data, we will explore Mullins performance potential.
  • Advanced Micro Devices' Radeon R9 295X2 Is Beastly Good For Gamers And Litecoin Miners
    Alcaraz Research Wed, Apr. 9 63 Comments

    Summary

    • AMD beats Nvidia by releasing first the world’s most powerful GPU, the R9 295X2. The $1,500 price of this GPU is lower than the upcoming $3,000 Nvidia Titan Z.
    • The Radeon R9 295X2 is most likely intended for creative & design professionals, but affluent gamers will also buy it.
    • The cryptocurrency industry may also go crazy over the R9 295X2 if it proves to be more cost-efficient in Litecoin mining than the R9 290X.
  • Advanced Micro Devices' Biggest Catalyst For 2014 Is The 'Little' Chip
    Justin Jaynes Mon, Apr. 7 90 Comments

    Summary

    • AMD's "Jaguar" architecture is, in my opinion, one of the company's most competitive products.
    • The TAM (Total Addressable Market) for the Jaguar chip, based on number of units, is larger for Jaguar than most other products.
    • As Jaguar derivatives roll out for the desktop, AMD will also be refreshing the mobile versions of the chip.
  • Very Strong Demand For Mac Pro Makes AMD A Buy
    Alcaraz Research Mon, Apr. 7 29 Comments

    Summary

    • AMD’s GPU business is getting a strong boost from the crazy demand for the new Apple Mac Pro.
    • Close collaboration with Adobe is making sure AMD’s Open CL technology and GPUs remain the top choice among graphics professionals.
    • AMD can also leverage the strong sales of Mac Pro to convince Apple to use Radeon GPUs for some of the MacBook and iMac units.
  • Free Windows 8.1 Is A Game Changing Tailwind For AMD
    Alcaraz Research Fri, Apr. 4 50 Comments

    Summary

    • AMD’s Mullins and Beema mobile chips may find more OEM support with the release of free Windows 8.1 for tablet makers.
    • AMD can cater to the gaming segment for its tablet campaign. The Mullins comes with superior 3D gaming capabilities so marketing this feature is top priority.
    • It might be best for AMD not to support Google’s Chromebooks. Getting on the good side of Microsoft may help AMD get substantial marketing subsidies like Intel is enjoying now.
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Company Description

Advanced Micro Devices Inc is a semiconductor company with facilities around the world. It operates in two segments: Computing Solutions and Graphics and Visual Solutions.