business / news / / Barchart
Advanced Micro Devices (AMD) shares are ripping higher on Wednesday.
AMD's data center revenue grew 57% year-on-year in Q1, impressing investors and analysts.
KEY POINTS
- Barchart data shows AMD options expiring Aug. 21 imply a potential 27% price upside.
- AMD trades at 16x sales, notably cheaper than Nvidia’s 22x, despite strong momentum.
- Goldman Sachs forecasts $11.2 billion in AMD's current quarter revenue, beating consensus estimates.
- Multiple Wall Street firms raised AMD price targets, highlighting its key position in AI infrastructure.
COMPANIES
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