BUZZ-Advanced Micro Devices pare gains on Wolfe Research downgrade
** Shares of Advanced Micro Devices AMD.O pared gains premarket to last trade 0.2% higher at $120.20
** Wolfe Research downgrades rating to "peer perform" from "outperform"
** Brokerage said downgrade based on lower expectation for datacenter GPU revenue this year; AMD is due to report Q4 and full-year results on Feb 4
** Wolfe Research also doesn't believe AMD is going to be able to provide 2025 forecast for its datacenter GPU revenue
** AMD, which makes chips for personal computers, servers and AI chips, rose in early premarket trade on back of upbeat results of Taiwan Semiconductor Manufacturing Co 2330.TW
** TSMC logged record quarterly profit and expects robust revenue growth in the first three months of 2025
** Chip stocks is U.S. have been under pressure in recent times due to the U.S. government's plan to impose restrictions on AI chip exports
** AMD is down 18% YTD after gaining 127.6% in 2024
(Reporting by Pranav Kashyap in Bengaluru)
((Pranav.Kashyap@thomsonreuters.com; +919886482111;))
Related Articles
Workday Q2 Revenue Jumps on AI Growth
Workday(NASDAQ:WDAY) reported its fiscal Q2 2026 results (period ended July 31, 2025) on Aug. 21, 2025, delivering 14% year-over-year subscription revenue growth to $2.17 billion with a non-GAAP operating margin of 29% and raised full-year fiscal 2026 guidance across key metrics.
Japan July CPI Preview: With Inflation Cooling, Will the Yen Still Rise?
TradingKey - Japan is set to release July inflation data on 22 August 2025. Market consensus predicts that the national Consumer Price Index (CPI) excluding fresh food will see its year-on-year increase slow from 3.3% in June to 3%. While forecasts for headline CPI and CPI excluding food and...
Powell's Jackson Hole Speech: For U.S. Stocks, Hawk or Dove Signal Could Be a Lose-Lose?
TradingKey - As U.S. inflation and labor market data show signs of rebalancing, Treasury traders and Wall Street banks have largely priced in a rate cut at the September FOMC meeting — the first of 2025. Yet both a more dovish-than-expected tone and a potential surprise hawkish signal from Fed Chair
Eurozone Q2 GDP Commentary: Will the Euro's Upward Momentum Persist?
TradingKey - On 14 August 2025, Eurostat published Q2 GDP figures, revealing a drop in the Eurozone's quarter-on-quarter growth from 0.6% in the first quarter to 0.1%. Consequently, annual growth eased from 1.5% to 1.4%. The slowdown primarily stems from the diminishing boost from European...
CarMax (KMX) – The Future of the Used Car Business
TradingKey - We see more downsides than upsides for CarMax and the used-car retailers. Firstly, the competition is too intense, the market is very fragmented and there is no proper differentiation. Also, the strength of the used-car industry in terms of ASP is mostly due to the weakness of the....jpg)
