This week AMD set the date for the publication of quarterly reports – it coincides with April 28. No statements were made about the need to revise the coronavirus revenue forecast for the quarter. In a general stock market downturn, AMD stocks may show moderate growth.
In this turbulent period AMD prices are not so far from the year high ($ 59.27) as the current price is close to $ 55. In conditions where competitors’ shares have fallen, this is a very optimistic dynamic. Experts attribute the hope for AMD’s sales growth this semester to an increasing demand for server components, which the company is now actively promoting. In the second quarter, the company expects to exceed the 10% mark in the server processor market, but it will certainly refrain from further predictions as the situation is uncertain.
The competitive situation is not favourable to Intel and it is unlikely that Intel would want to wage a large-scale price war with AMD. Revenues could decline due to the recession in the global economy, so it would be impractical to aggravate the situation by deliberate price cuts. Representatives of Elle Investments are raising the forecast for the share price to $63 each, as they believe the current period is a good time to buy these shares.