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AMD Stock Forecast: AMD Soars Beyond Optimal Buying Price

This article was written by Grant Goldstein, a Financial Analyst at I Know First

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This article was written by Julia Masch, a Financial Analyst at I Know First.

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The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

AMD’s stock shot up more than 9% during the after-hours trading on April 25. AMD comfortably beat the EPS and revenue estimates of Wall Street.
The Q1 2018 earnings report of AMD also revealed that its Computing and Graphics segment has posted its 5^th consecutive quarter of double digit Year-over-Year growth.
Thanks to stronger Ryzen processors sales, AMD posted an EPS of $0.11 (beats by $0.2), and revenue of $1.65 billion (+39.8% year over year) - beats by $80 million.
The reasons why AMD is beating estimates are the same. Cryptocurrency miners still bought many Radeon discrete GPUs. Ryzen APUs and processors are also finding more customers.
Do not worry about the forthcoming release of ASIC miners. They do not threaten the lucrative tailwind of AMD from Ethereum miners.

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The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

Qualcomm’s datacenter push gets a boost from its new contract to supply datacenter processors to Hatch, the pioneer in cloud-based mobile games on demand.
Hatch picked Qualcomm’s scalable 48-core Centriq 2400 to power its cloud gaming service.
Instead of players buying games or spending for in-app purchases, Hatch plans to offer unlimited game time for a fixed monthly fee.
This radical plan to offer mobile games-as-a-service could become a global-wide hit. Hatch will be buying many Centriq 2400 processors to support its global infrastructure.
I rated QCOM as a buy last August 9 when it closed below $52. The stock is now trading above $62. I am still giving it a buy rating. My 2018 year-end PT for it is $70.