AMD stock upgraded to Sukhkhana after earnings

Susquehanna analyst Christopher Roland Advanced Micro Devices Inc. AMD shares upgraded,
Following a better earnings report than a chip company to neutral to positive on Wednesday, and Intel Corp’s INTC,
Entered last week that it would be delayed to release its 7-nanometer chips. Roland wrote to customers in his note, “As the stock shift picks up for AMD, and the competitive gap continues to widen, we can’t wait any longer.” He expects AMD to see a 20% share in the server market by 2023, from a single-digit share today, and a 35% share in notebooks, up from around 20% so far. He wrote, “Overall, envisioning a bull case for EPS exceeding $ 3 in 2023 and about $ 5 in 2025”. AMD shares are up 11% in Wednesday trading and have gained 47% so far this year. S&P 500 SPX,
The time is down 0.4% and the PHLX Semiconductor Index SOX,
Up 11%.



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