Advanced Micro Devices (#AMD )

Advanced Micro Devices (#AMD ) Weekly Special Report based On 1 Lot Calculation:

GLOBAL SEMICONDUCTOR INDUSTRY:

• THE SEMICONDUCTOR INDUSTRY IS CURRENTLY WORTH ~$591B. The global semiconductor market size was valued at USD 591.8 billion in 2022 and is expected to reach around USD 1,883.7 billion by 2032. The Asia Pacific semiconductor market size was valued at USD 241.7 billion in 2022. Semiconductors are critical components in the move to the digitization of society and are used in artificial intelligence, automotive and telecommunications amongst other things.
• MARKET POTENTIAL: THE SEMICONDUCTOR INDUSTRY IS EXPECTED TO BECOME A 1.9T DOLLAR MARKET BY 2032: Analysts are forecasting, that at the current rate of growth, the semiconductor industry is expected to reach $1.9 trillion in value that represents an industry annual growth of 12.28% during the forecast period 2023 to 2032.

AMD

• THE COMPANY: Advanced Micro Devices, Inc. (AMD) is a prominent American semiconductor company that specializes in the design and manufacturing of microprocessors, graphics processing units (GPUs), and other semiconductor products. In addition to consumer-oriented products, AMD also provides processors for data centers and enterprise computing, making it a significant player in the server and cloud computing markets.
• FINANCIAL PROSPECTS: Analyst consensus sees earnings growing by more than 50% over the next two years. Analysts are expecting a 14% year-over-year increase in the company's revenue to $6.4 billion, while adjusted earnings could increase 27%. This could be fueled by something other than just AI.

NEWS AND EVENTS:

• EVENT: NVIDIA GTC - GPU TECHNOLOGY CONFERENCE 2024 (MARCH 18 – MARCH 21): GTC is a global AI conference for developers that brings together experts from various fields. Topics focus on artificial intelligence (AI), computer graphics, data science, machine learning and autonomous machines. Nvidia CEO and Founder Jensen Huang will be giving a keynote address where potential announcements could be made which could cause NVIDIA’s stock price to go up and by proxy pull up other AI stocks such as AMD.
• EVENT: GDC - GAME DEVELOPERS CONFERENCE 2024 (MARCH 18 - MARCH 22): GDC is an annual conference for video game developers. The event includes an expo, networking events, and awards shows like the Game Developers Choice Awards and Independent Games Festival, and a variety of tutorials, lectures, and roundtables by industry professionals on game-related topics covering programming, design, audio, production, business and management, and visual arts.
• EVENT: OFC - OPTICAL FIBER COMMUNICATIONS CONFERENCE 2024 (MARCH 24 - MARCH 28): OFC, the premier global event for optical communications and networking professionals, attracts attendees from around the world to a conference and exhibition that showcases the latest industry advancements and emerging technologies. AMD will be demonstrating advancements in network security, encryption and decryption using our latest adaptive devices.

PRICE ACTION:

• ANALYST FORECASTS: KeyBanc Capital: $270, Melius Research: $265, Rosenblatt Securities: $250, Barclays: $235
• STOCK PRICE ACTION: AMD stock was last seen trading at $195 and has risen around 147% over the past 5 months when it reached its all-time high price of $227.30 and if the KeyBanc forecast is realized, that could provide a potential upside of around 38%. However, the price could decline.

AMD (#AMD), March 14, 2024
Current Price:195.00

Example of calculation based on weekly trend direction for 1 Lot¹

1. 1.00 lot is equivalent of 1000 units
2. Calculations for exchange rate used as of 09:45 (GMT) 14/03/2024
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