AMD’s Strong Forecast Triggers Rally Across Chip Makers and Equipment Stocks
TL;DR Summary
AMD beat Q1 expectations and guided for Q2 revenue of $10.9–$11.5 billion (about 46% YoY at the midpoint), sparking a rally in chipmakers like INTC and QCOM as well as equipment names such as ASML and AMAT; Goldman Sachs and Bernstein upgraded AMD to Buy, with a consensus Strong Buy and an average target around $423.63 implying roughly 19% upside.
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