1 hour ago
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Vandita Jadeja
Wed, August 5, 2026 astatine 11:00 AM CDT 4 min read
Quick Read
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AMD's Data Center gross doubled to $6.7B successful Q2, supporting a BUY telephone and $640 terms people implying 23% upside.
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AMD trades astatine a steep 66x guardant P/E versus NVIDIA's 23x, but dominates Intel with a 27% operating borderline against Intel's antagonistic EPS.
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Anthropic, OpenAI, and Microsoft person committed gigawatts of MI450 GPU capacity, locking successful AMD's H2 2026 gross ramp done named hyperscaler contracts.
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Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and AMD didn't marque the cut. Grab the names FREE today.
AMD (NASDAQ:AMD) posted Q2 gross maturation of 50.11% to $11.536 billion, with Data Center much than doubling, yet a Reddit thread titled "AMD's gross climbs 50% and information halfway income doubled, but the banal is down" captured retail confusion. That spread betwixt fundamentals and terms enactment is wherever our exemplary finds an edge.
Our 24/7 Wall St. terms people for AMD is $639.64, implying 23.35% upside from the $518.58 adjacent connected August 4, 2026. The proposal is bargain with precocious confidence.
24/7 Wall St. Price Target Summary
A Rally, a Pause, Then a Push Higher
AMD is up 142.15% twelvemonth to day and 193.35% implicit the past year, adding 14.07% successful the past week. The banal sits astir 1% beneath its 52-week precocious of $584.73, good disconnected the $149.22 low.
Q2 delivered non-GAAP EPS of $1.66 against a $1.6107 estimate, with Data Center gross astatine $6.718 billion, up 107% twelvemonth implicit year. Q3 guidance sits astatine astir $13 billion, oregon 41% YoY growth.
Why Bulls See a Breakout Ahead
The bull lawsuit rests connected signed customers. Anthropic committed to up to 2 gigawatts of MI450 Series GPUs successful Helios racks, OpenAI has a 6 GW arrangement, and Meta is designing customized MI450-based silicon. Microsoft Azure is expanding Helios deployments alongside a caller EPYC VM series.
Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and AMD didn't marque the cut. Grab the names FREE today.
CEO Lisa Su told investors: "We participate the 2nd fractional with beardown momentum arsenic EPYC request accelerates, Instinct deployments standard and Helios begins to ramp." The bull-case script points to $665.57, supported by expert statement of $579.11 and 41 Buy oregon Strong Buy ratings.
The Risks Worth Watching
Bears constituent to valuation: trailing P/E of 162x and guardant P/E adjacent 66x. Gaming gross fell 31% YoY, escaped currency travel declined 9.89% contempt booming nett income, and Q2 Data Center gross landed astatine $6B versus a crowd-implied $6.86B.
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