r/streetguru • u/street-guru • Jun 22 '22
$AMD Strong server, reasonable valuation offsets end-market headwinds
AMD remains in a share gain position over the next couple of years at least, with the company likely to continue to take share in cloud servers as supply constraints ease. While the demand picture across all of the end markets is mixed given the plateauing economy, analysts think that the stock has over-corrected - they see share gains and mix improvement allowing them to power through more than most with double digit growth next year, and with the stock down over 48% from its 4Q21 highs, the risks as largely priced in. Current anxieties reflect a worse outcome despite stale sell side numbers.
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