AMD Earnings Preview: No Exit Sign At Q2

Heading into Q2 earnings, Advanced Micro Devices, Inc.'s stock is up 126%, surpassing Nvidia, and the question is whether gains are going to stick or get lost. The stock has priced in the potential price hikes on Instinet MI350 and a pause of the export ban on China as AMD's AI story builds back up. While most buy AMD for AI growth, we're buy-rated it for CPU sales (server and client) upside.