Bullish options flow was detected in AMD stock on January 9, 2020. We have been alerting GuerillaStockTrading readers to the bullish options flow in AMD stock over the last few weeks.
TheFly reports that Mizuho’s Rakesh upgraded AMD to Buy from Neutral and raised his price target on the shares to $55 from $38. The analyst said he believes the 2020 server market could be stronger than current “muted” consensus expectations. Further, Rakesh noted that many of the aggressive Intel (INTC) price cuts are in the rear-view mirror and, as his checks indicate potential Intel delays in the 10nm Ice Lake single socket server market, said he sees an opportunity for AMD server share gains into the second half of 2020. Source: https://www.thefly.com/permalinks/entry.php/id3015612/-AMD-continues-march-higher-as-Mizuho-joins-bullish-peers-with-upgrade
On January 7, 2020, Nomura Instinet said that AMD will likely take marketshare from Intel and Nvidia in 2020. In conjunction with the CES Trade Show in Las Vegas, AMD (AMD) launched its first 7nm notebook accelerated processing units, a new top end 7nm Threadripper desktop and some additional 7nm discrete graphics processing units, Nomura Instinet analyst David Wong tells investors in a research note. AMD’s steady build out of its 7nm product lines will help drive market share gains from Intel (INTC) in microprocessors and Nvidia (NVDA) in graphics processing units in 2020, contends the analyst. He reiterates a Buy rating on AMD shares with a $58 price target.
Also on January 7, 2020, Wells Fargo analyst Aaron Rakers raised his price target for AMD (AMD) to $55 from $48 as CES announcements highlight “strong” roadmap execution as the company consistently executes on a competitively strong and broadening client CPU/APU roadmap. He has an Overweight rating on AMD’s shares.
What got these analysts a bit more bullish on AMD stock is that at CES on January 6, 2020, AMD (NASDAQ: AMD) announced the world’s first x86 8-core ultrathin laptop processors as part of the AMD Ryzen™ 4000 Series Mobile Processor family, built on the groundbreaking “Zen 2” core architecture with innovative 7nm process technology and optimized high performance Radeon™ graphics in an SOC design. As the third generation of AMD Ryzen Mobile processors, the new 4000 Series provides unprecedented performance levels, significant design enhancements, and incredible power efficiency for ultrathin and gaming laptops. AMD also announced the AMD Athlon™ 3000 Series Mobile Processor family powered by “Zen” architecture, enabling modern computing experiences with real performance for a wider range of laptop users. Consumers will be able to purchase the first AMD Ryzen 4000 Series and Athlon 3000 Series powered laptops from Acer, Asus, Dell, HP, Lenovo, and others starting in Q1 2020, with more systems expected to launch throughout 2020 with global OEM partners.
In addition, AMD announced the highly anticipated 64-core, 128-thread AMD Ryzen™ Threadripper™ 3990X will be available globally expected February 7, 2020. Purpose-built to enable extreme performance for 3D, visual effects, and video professionals, the 3990X delivers up to 51% faster rendering performance than the AMD Ryzen Threadripper 3970X processor5.
“We are kicking off 2020 with a bang, bringing unmatched performance, graphics, and longer battery life to ultrathin and gaming laptop users with the new AMD Ryzen 4000 Series Mobile Processors,” said Saeid Moshkelani, senior vice president and general manager, AMD Client Compute. “We saw historic portfolio growth for AMD Ryzen™ Mobile-powered systems in 2019, and we are already on track to bring wider system adoption of AMD Ryzen 4000 Series Mobile Processors in 2020 from major OEM partners, offering twice the power-efficiency from the previous generation3.”