Traders Anticipate Up to 10% Move in AMD Stock After Earnings Report
Advanced Micro Devices (AMD) is set to report its second-quarter earnings after market close on Tuesday, with traders expecting a significant stock movement of up to 10%. Based on options pricing data, the stock could rise as high as $527 or fall below $430 by week's end. The chipmaker has more than doubled in value this year due to strong demand for its AI and data center products but recently pulled back from June highs amid a broader market correction. Analysts remain optimistic, with UBS and Bank of America raising their price targets following AMD’s recent product announcements at the Advancing AI event. Visible Alpha estimates Q2 revenue will reach $11.34 billion (+48% YoY) and adjusted earnings per share (EPS) to hit $1.61, a significant increase from last year's 48 cents. The mean price target of $582 implies over 20% upside potential for the stock.
Tickers: $AMD
Topics: AI demand AMD options prices stock movement