Advanced Micro Devices, Inc
During the JP Morgan Global Technology, Media, and Communications conference, Jean Hu, AMD's CFO, highlighted the company's growth in servers, CPUs, and GPUs. The stock is trading higher on Tuesday.
She noted AMD's partnerships, such as with Microsoft Corp
Hu emphasized that AMD's strategic focus on power efficiency and cost-effectiveness makes it a compelling choice for enterprises facing power and space constraints. Notable clients like American Express Co
Hu announced plans for a next-generation AI PC to launch in the second half of the year, which could significantly refresh the PC market. She also mentioned the potential for AMD to re-enter the Arm Holdings Plc
AMD sees long-term growth potential in the embedded processor market, mainly through synergies with Xilinx.
Hu also highlighted AMD's robust performance in the desktop and laptop markets.
Analysts expect AMD and peers to drive semiconductor industry optimism after their earnings beat as inventory levels normalize and companies ship closer to consumption levels. However, analysts also cautioned against AMD's MI300 supply constraints, gaming segment weakness and aggressive pricing from Nvidia Corp
AMD stock gained 33% in the last 12 months. Investors can gain exposure to the stock via Spear Alpha ETF
Price Actions: AMD shares traded higher by 1.87% at $169.47 premarket at the last check on Tuesday.
