AMD: No Longer A No-Brainer But Still A Buy
Summary
AMD's Q2 results were mixed, with strong overall revenue but notable data center and EPS weakness due to export restrict...
AMD's Q2 results were mixed, with strong overall revenue but notable data center and EPS weakness due to export restrictions. Adoption of AMD's GPUs is progressing, and recent export approvals for the MI308 should drive a rebound in EPS and data center growth. Valuation has risen and is no longer a 'no-brainer,' but AMD remains well-positioned in high-growth markets like AI and gaming.