I'm quite optimistic about AMD heading into its Analyst Day on November 11. The company's Q3 performance was already a solid indication that its AI and data center strategies are paying off — $9.25B in revenue and 36% YoY growth show that AMD is steadily capturing share in high-demand segments. The adjusted EPS of $1.20 beating estimates further proves management's execution strength even in a competitive environment dominated by Nvidia.
What I'm most eager to hear on Analyst Day is how AMD plans to expand its AI ecosystem and accelerate adoption of its MI300 series chips. The reported plan to raise its AI total addressable market forecast from $500B in 2028 to over $1T by 2030 is huge — it signals confidence not just in hardware, but also in AI software optimization and customer partnerships. If AMD can demonstrate meaningful traction in enterprise AI workloads, it could reshape how investors value the stock.
Comparisons to Nvidia are inevitable, but AMD doesn't necessarily have to 'catch up" in absolute dominance to win big. The AI market is expanding so fast that there's room for multiple leaders. What matters is how effectively AMD can capture new AI training and inference demand, particularly among cloud providers and enterprise customers seeking alternatives to Nvidia. Its growing partnerships with hyperscalers could serve as a long-term catalyst.
As for the $300 target — I think it's ambitious but not impossible if momentum continues into 2025. The key will be how quickly AI revenue ramps and how much gross margin improvement AMD can sustain from its data center segment. If the company continues to beat expectations and provides a clear, credible roadmap toward double-digit AI market share, investors could start pricing in a higher growth multiple.
Overall, I'll be watching for clear guidance on AI revenue contribution, updates on the MI300 deployment pipeline, and any new partnerships with major cloud or enterprise players. If those align positively, AMD's stock could have plenty of upside left — perhaps not immediately to $300, but well on its way. $Advanced Micro Devices(AMD)$
As a retail investor, I focus mainly on the US and Singapore markets, combining a mix of technical trading and long-term investing strategies. I enjoy analyzing charts, spotting patterns, and making calculated moves based on both market sentiment and fundamentals. While I'm not a professional, I treat my portfolio seriously and continue to learn and grow with each trade. If you're also navigating the markets and enjoy discussing stocks, options, or market trends, feel free to follow me. Let's learn and grow together as a community.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
