Resources

AMD – Market expectations are for Uniform ROA to expand to record-highs, and management is confident about their PC business, customers, and wins

September 16, 2020

  • Advanced Micro Devices, Inc. (AMD:USA) currently trades above recent averages relative to UAFRS-based (Uniform) earnings, with a 42.5x Uniform P/E. At these levels, the market has bullish expectations for the firm, and management is confident about their PC business, top cloud customers, and supercomputing wins

  • Specifically, management generated an excitement marker when discussing the firm’s strong execution despite the coronavirus. Moreover, management is confident in the continued strength of the PC market, that their supercomputing wins have highlighted GPU capabilities and, in their ability, to grow their enterprise business through top cloud customers