Advanced Micro Devices Sales to Accelerate in Q2 From Unit and Average Selling Price Gains, Wedbush Says
Advanced Micro Devices' (AMD) sales are expected to accelerate in Q2 from a combination of unit and average selling price gains with demand attributable to compute racks powering AI, Wedbush said in a Wednesday research report.While management expects ramp for the MI450/455 GPUs in H2, the strength in CPUs offers somewhat insurance if GPU growth lags expectations, according to the note.Robust enterprise sales influenced by data center growth more than offsets expected weakness in the gaming segments, the firm said. The brokerage said it expects Q2, 2026, and 2027 EPS of $1.61, $6.95, and $12.33, respectively.The company's compute strength reinforces the view that AI infrastructure spending is accelerating faster-than-expected on agentic workloads, the brokerage stated.The brokerage said it reiterated its outperform rating on the stock and boosted its price target to $450 per share from $400.Price: $409.02, Change: $+53.76, Percent Change: +15.13%