Forecast Of The Day: AMD’s Enterprise, Embedded & Semi-Custom Revenue
What?
AMD’s (NASDAQ:AMD) Enterprise, Embedded, and Semi-Custom Revenue rose from around $2 billion in 2019 to about $3.4 billion in 2020. Trefis expects the metric to rise to around $7 billion in 2022 and to almost $9 billion in 2023.
Why?
Relevant Articles
- Digital Infrastructure Stocks Are Up 7% This Year, Will Generative AI Tailwinds Continue To Drive Them Higher?
- Up 130% In The Last 12 Months, Will AI Power AMD’s Rally Post Q4 Results?
- AMD Takes The Fight To Nvidia With Latest AI Chip Launch. Is The Stock A Buy At $116?
- Is AMD Stock A Buy At $120 As It Doubles Down On AI-Focused GPUs?
- Is AMD The Dark Horse Of The AI Silicon Race?
- What To Expect From AMD’s Q2 Results?
Growth is likely to be driven by strong data center sales and demand from the cloud computing and gaming console markets.
So What?
We think AMD stock is undervalued at current levels. We value AMD stock at about $137 per share, about 17% ahead of the current market price.
See Our Complete Analysis For AMD
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.
Invest with Trefis Market Beating Portfolios
See all Trefis Price Estimates