AMD Earnings Preview: No Exit Sign At Q2

Summary

  • Heading into Q2 earnings, Advanced Micro Devices, Inc.'s stock is up 126%, surpassing Nvidia, and the question is whether gains are going to stick or get lost.
  • The stock has priced in the potential price hikes on Instinet MI350 and a pause of the export ban on China as AMD's AI story builds back up.
  • While most buy AMD for AI growth, we're buy-rated it for CPU sales (server and client) upside.
  • We see more upside (and some tariff pull-in) in Q2 results, but we think the growth story is intact, and Q3 will be the time to reassess, not Q2.
  • This idea was discussed in more depth with members of my private investing community, Tech Contrarians. Learn More »

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David Becker

Advanced Micro Devices, Inc. (NASDAQ:AMD) is set to report its Q2 '25 earnings call in early August on the 5th, and the stock is up around 126% since April lows, getting another bump of 25% over the

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This article was written by

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Tech Stock Pros is a team of three former technology sector engineers with a long history of investing in the tech sector.

They run Tech Contrarians, an investing group providing institutional-level company research to individual investors. Utilizing a live portfolio with quarterly updates, bi-weekly newsletters, and answering questions daily via chat, Tech Stock Pros aims to demystify investing in the technology sector. Learn more.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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