Foreign media reports that the stock price of AMD has recently attracted market attention both due to its fundamentals and other factors. The article suggests that the company is benefiting from the expansion of its data center business, but there are also divergent opinions in the market regarding its valuation level.
Second-quarter revenue driven by data centers
AMD Revenues in the second quarter reached $11.54 billion, a year-on-year increase of 50%. The original text indicates that the data center business is the main source of growth, and it is expected that this segment may account for more than 70% of the company's total revenue by 2027.
The article also mentioned that in the previous quarter, some businesses of AMD achieved double-digit growth, while the combined growth rate of other businesses was only 8%. This indicates that market attention to AMD is further shifting towards the computing power and data center products of AI.
AI The trading range has expanded.
The original text cited the daily performance on September 4th, stating that AMD rose by 4.7% that day, Intel rose by 4.5%, and NVIDIA rose by 0.8%. Based on this, the article suggests that investors are expanding their AI related transactions from NVIDIA to more chip companies.
However, the article also points out that a single-day trend is not sufficient to prove that rotation has become a long-term trend. Whether AMD can continue this performance in the future still depends on the growth rate of the data center business and the company's subsequent guidance.
Market divergence lies in the level of valuation.
The article states that analysts have differing opinions regarding AMD. The bullish camp emphasizes the growth of data centers, AI collaboration, and management's outlook, believing that these factors can still support the company's future performance.
The other side is more concerned about valuation pressures. The original text mentions that some views believe that the current valuation of AMD is already higher than that of NVIDIA and Broadcom, so the potential for upward movement in the medium term may be limited.
