Options traders anticipate a 7.04% move in Advanced Micro Devices (AMD) shares after Q4 earnings on Feb. 3. Consensus predicts $1.11 earnings per share, a 26% increase from last year. AMD stock has surged 25% YTD. Derivatives suggest a potential $267 share price post-earnings, with bullish sentiment from Cantor Fitzgerald analysts.

Cantor Fitzgerald predicts AMD will beat Q4 estimates and reach $350 per share due to CPU market share gains and strong server demand. AMD’s lack of wafer transition challenges, unlike Intel (INTC), boosts its outlook. Historically, AMD gains 5.5% in February, making it an attractive investment ahead of earnings.

Wall Street analysts maintain a “Moderate Buy” rating on AMD, with a mean target of $286, indicating over 15% potential upside. Automated content tools from Sigma.AI assist in delivering informed market analysis quickly. The author has no direct or indirect positions in mentioned securities.

Read more at Barchart: Here’s What Options Traders Expect from Advanced Micro Devices Stock After Earnings