Advanced Micro Devices (AMD) Maintains $32B FY25 Forecast Despite EPS Trim, Mizuho Stays Bullish

Advanced Micro Devices, Inc. (NASDAQ:AMD) ranks among the 20 best fast growth stocks to invest in. Mizuho maintained its Outperform rating on Advanced Micro Devices, Inc. (NASDAQ:AMD) and raised its price target from $135 to $152 on July 2.

Advanced Micro Devices (AMD) Maintains $32B FY25 Forecast Despite EPS Trim, Mizuho Stays Bullish

In contrast to the average forecast of $7.40 billion and $0.49 per share, the firm revised its June quarter revenue projection to $7.40 billion and earnings per share to $0.47. Mizuho also kept its fiscal year 2025 revenue projection for AMD at $32 billion while marginally reducing its EPS forecast to $3.90 from $4.02.

Although software limitations continue to place Advanced Micro Devices, Inc. (NASDAQ:AMD) behind its primary rival NVIDIA, Mizuho stated that the demand for AI accelerators “remains strong” and that many hyperscalers are looking for alternate GPU vendors.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global leader in semiconductor technology. The company, which serves both commercial and consumer industries, focuses in designing cutting-edge computer processors and associated technologies.

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