This earnings move by management would cause implosion in AMD stock, analysts warn

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This earnings move by management would cause implosion in AMD stock, analysts warn

) earnings report, investors are bracing for potential market volatility following a warning from Mizuho analysts. With the semiconductor giant set to unveil its financial performance after the closing bell on April 30th, all eyes are on AMD’s stock as Mizuho cautions against a management decision that has provided some nervousness ahead of the release.

“AMD is one of the biggest ‘battleground’ stocks this earnings period, amid mixed conditions in the core business and longer-term questions in AI around NVIDIA's coming Blackwell chip,” said the bank. “Our view is constructive longer term, but we don't see this quarter as a catalyst given those factors.”

They add: “It is not like AMD is now a super consensus short, but it is shorted and many investors I speak with will not touch it ahead of the print on fears not raising the current Mi300 rev target of $3.5B for ’24 would lead to a implosion in stock.”

 

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