According to Dr. Su, “2019 is off to an incredible start for AMD as we celebrate 50 years of innovation by delivering leadership products to push the limits of what is possible with computing and graphics technology.”
Analysts recommend “buy” rating for AMD shares
In a note to clients on Monday, Stifel analysts led by Kevin Cassidy noted that it is the first time AMD took the leadership position in desktop CPU process technology and performance.
Cassidy and his team wrote, “Importantly for investors, we expect AMD to accelerate its PC market share gains due to higher performance, lower power usage, lower cost and ease of upgrade.” They recommended a buy rating for the company’s shares based on their expectations that it will obtain higher gross margin.
On the other hand, Wells Fargo analyst Aaron Rakers wrote to clients, “The presentation reinforced our positive thesis on AMD’s product cycle/sustainable share gain story looking into 2H2019.” He also recommended a buy rating on AMD shares.
