BUZZ-PREVIEW: Advanced Micro Devices shares up; Q4 rev, EPS seen rising

Shares in chip designer Advanced Micro Devices AMD.O up 2.4% ahead of quarterly report due after market close

Wall Street sees AMD reporting Q4 adj EPS of $1.08 vs $0.77 in year-ago quarter on rev of $7.53 bln vs $6.17 bln year-ago, according to latest data from LSEG

In last 8 quarters AMD met or beat the Street on EPS 7 times while its rev met or beat every time

Investors will closely watch for details of AMD's artificial intelligence strategy with doubts about its place in the AI race, which Nvidia NVDA.O already dominates while Microsoft MSFT.O, Amazon.com AMZN.O, Meta META.O are working on custom chips

Last traded at $117 vs median PT of $166.50 as per LSEG, which shows 51 analyst ratings: 12 'strong buy,' 24 'buy,' 14 'hold' and 1 'sell' recommendation

AMD shares down ~2.9% YTD after falling 18.1% in 2024 while Philadelphia semiconductor index .SOX down ~0.1% YTD after rising 19.3% in 2024