Advanced Micro Devices Inc.’s earnings will serve as an indication of whether the data center market is truly in a “digest” phase, as reported by Intel Corp. AMD AMD, + 3.20% is scheduled to report its first quarter earnings. on Tuesday after the markets close. When Intel INTC -0.81% reported results last week, the market share leader noted that the market was bottoming out from a “digest phase” as its data center sales fell 20% year-on-year. anus.
] preferred ‘CPU’ partner as Intel’s IDM 2.0 strategy looks increasingly competitive for the foundry, ”said Rolland. “So we wouldn’t be surprised to see AMD receive more than enough wafers to track toward targeting for the full year and perhaps beyond.” Morgan Stanley analyst Joseph Moore, who just reset estimates for AMD, said he expects solid earnings above the AMD consensus with “strong demand across the board and supply constraints due to substrates and to a lesser extent measure, to wafers “. Moore expects a fabulous priority to continue betting on high-margin products like servers and “enthusiastic desktop microprocessors” and “lower-margin customers that are strategic and single-origin” like MSFT from Microsoft Corp., + 0.15% and Sony Group Corp. 6758, -1.18% game consoles. “Since competitors also face supply constraints, overall prices should be healthy,” Moore said. Analysts expect taxable AMD earnings of $ 2.04 per share in 2021, $ 2.59 per share in 2022 and $ 2.90 per share in 2023, while analysts surveyed by FactSet expect earnings per share of 1.95. dollars, 2.51 dollars and 3.23 dollars, respectively. B of A Securities analyst Vivek Arya, who has a price target of $ 100, said of the larger chip market that “supply constraints could limit the outperformance of the first quarter / the outlook for the second quarter, but extend the cycle to year 22 “. Will TSMC exceed its already strong 37% YoY sales outlook for CY21 while firmly convincing investors of INTC stock earnings? Of the 36 analysts covering AMD, 21 have buy ratings or overweights, 12 have hold ratings and three have sell ratings, with an average price target of $ 100.50.