From Nasdaq:

Shares of Advanced Micro Devices, Inc. (NASDAQ: AMD) declined after the company reported its quarterly results. Analyst Gus Richard upgraded the rating to Outperform, with a price target of $195, while other analysts offered varying ratings and price targets. Overall, the company’s performance in areas like AI chips and data center GPUs was strong.

There was a mix of positive and negative takeaways from analysts for AMD’s Q4 results. While some analysts saw strong demand for AI chips and a potential upside for AMD’s AI forecast, others pointed to weak first-quarter guidance for gaming and embedded segments.

AMD’s fourth-quarter results were in line with expectations, but the company’s first-quarter guidance fell short in certain segments, such as traditional server demand and gaming. However, the company’s data center GPUs exceeded expectations and raised 2024 expectations to $3.5B from $2B.

Despite lifting its outlook for AI sales in 2024, AMD’s stock experienced a significant dip, reflecting the disparity between investor expectations and the company’s revised outlook. The stock declined by 3.82% to $165.48 at the time of publication on Thursday.

Analysts echoed both optimism and caution in assessing AMD’s performance and outlook, with differing views on the significance of Q1 results and the company’s future prospects. As the market continues to digest the company’s announcements, there is uncertainty about the stock’s performance amidst changing expectations and guidance.

Despite the company’s volatility and mixed market response, AMD remains a leading player in the semiconductor industry, with exciting developments in areas like AI chips and data center GPUs. Investors and analysts will continue to monitor the company’s performance and outlook in light of changing industry dynamics and market conditions.



Read more: 7 AMD Analysts Deep Dive Into Q4 Print: ‘Expectations Are Reaching A Fever Pitch’