AMD Data Center Agreements Will Provide Big Revenue Growth -- Market Talk
Dow Jones
Oct 16
1234 ET - Advanced Micro Devices' new agreements with Oracle and OpenAI provide a clear line of sight to huge revenue growth, say Wedbush analysts Matt Bryson and Antoine Legault, who raise their price target to $270 from $190. "Even assuming some overlap between these announcements, with each GW of capacity in our view likely requiring $20B of AMD products, this [OpenAI] relationship promises to dwarf our prior estimates which had assumed total revenues of $20B for 2026 and 2027 combined." The analysts now forecast earnings per share to rise to $9 in 2027 from $5.81 in 2026. Shares rise 7.8% to $235.05. (nicholas.miller@wsj.com)
(END) Dow Jones Newswires
October 15, 2025 12:34 ET (16:34 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.