AMD Q1 FY12/23 Earnings Review And Stock Price Outlook

Fundamental and technical analysis of AMD financials and stock price performance follows. We include our price targets, rating and risk management ideas.

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AMD Q1

AMD, as you know, is a leading semiconductor company. Formerly an also-ran, the company has been transformed by CEO Lisa Su such that it is now a strong no.2 to Intel in CPU and to Nvidia in GPU. AMD earnings tell us a lot about the health of enterprise and consumer computing and therefore about the real economy as a whole.

The three top semiconductor companies we cover - AMD, Intel and Nvidia - are each delivering poor fundamentals today. But each is showing potential for a bottoming of growth rates and margins and a turnaround to the upside. Securities markets being forward looking in nature, the stocks have all turned up in advance of the fundamentals. $NVDA has positively mooned since the bottom of the bear market in October last year; $INTC is slowly recovering; how about $AMD? Is it buyable or did the stock run away with itself already?