Advanced Micro Devices (AMD) will release Q3 earnings on Nov. 4, with stock up 113.8% YTD. Partnerships, like with OpenAI and Oracle, drive optimism. AMD’s AI and data center positioning is strong, with a focus on next-gen chips and hardware for AI workloads, challenging Nvidia.

AMD faces a rebound in AI data center business for Q3 after a weak Q2 due to export restrictions to China. The company’s AI revenue outlook remains positive, poised to reach billions. Next-gen MI350 series and MI400 chips show promise. AMD focuses on building AI software ecosystem and services.

AMD anticipates solid year-over-year growth in Q3 driven by MI350 chip adoption and demand for EPYC server processors and Ryzen CPUs. Analysts expect $0.97 EPS, a 27.6% increase YoY. Despite high expectations and a rich valuation, AMD maintains a “Strong Buy” consensus. Investors should remain cautious before earnings report.

Read more at Yahoo Finance: Buy, Sell, or Hold before Q3 Earnings?