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2025-11-06 11:23:51 Since AMD's (AMD.US) stock price has skyrocketed prior to the earnings release, it is unlikely that there will be substantial new positives to shift market sentiment, UBS said in its report. AMD's revenue exceeded expectations and guidance was higher than anticipated, but the AI GPU business seems to have moved forward its delivery schedule from 4Q to 3Q, possibly related to Oracle. UBS trimmed AMD's EPS estimates for 2025 and 2026 by 2% and 6%, respectively, but raised the 2027 EPS estimate by 1% to US$10.18. The target price was increased from US$265 to US$300, with a Buy rating kept. ~ AASTOCKS Financial News Website: www.aastocks.com | |