BUZZ-Street View: AMD's AI story awaits new chip boost

Advanced Micro Devices AMD.O failed to impress investors waiting for the chipmaker to gain ground against AI heavyweight Nvidia NVDA.O, even as its Q4 results and revenue outlook exceeded analysts' estimates on Tuesday

Chip company's shares down 9% to $108.72 premarket

POWERING PROGRESS, CHIP BY CHIP

HSBC Global Research ("reduce", PT: $90) sees AMD's growth slowing in non-AI segments like datacentre or client segment, with market focus shifting to AI GPU momentum

Piper Sandler ("overweight", PT: $140) says AMD's growth in MI GPUs has slowed but is expected to pick up again when MI350 is commercially available in H2 of 2025

J.P. Morgan ("neutral", PT: $130) sees AMD's datacenter GPU rev growing significantly in 2025, driven by strong customer engagement and earlier production of MI350 series

Evercore ISI ("outperform", PT: $147) sees AMD's MI350 GPU, launching mid-2025, enhancing training functionality and broadening AI workload capabilities