AMD (NASDAQ:AMD) received a positive mention from Craig-Hallum, with the analysts identifying several promising near-term catalysts.
The analysts pointed out that the PC business is well-positioned to benefit from an anticipated PC refresh cycle, driven by the introduction of new AI-powered PCs and the forthcoming launch of Windows 12 expected next year.
Additionally, AMD’s data center business is seen as having a strong outlook, particularly with the introduction of the company’s new MI300X AI-focused accelerator in Q4 and its anticipated growth into the following year, positioning AMD to compete with Nvidia in this segment.
The company is scheduled to release its Q3/23 earnings results on Oct 31. Street estimates stand at $0.68 for EPS and $5.7 billion for revenues.