Reported 28 days ago
Advanced Micro Devices (AMD) is set to release its second-quarter earnings, amid a strong stock surge of over 40% in 2025. Analysts expect sales to increase to $7.43 billion but predict a drop in profits due to export restrictions impacting sales to China. Despite concerns, many analysts remain optimistic, raising their price targets significantly, with UBS and Bank of America adjusting theirs to $210 and $200 respectively, as AMD plans to resume exports of its MI308 chips to China pending regulatory approval.
Source: YAHOO