Moncler shares drop 3% as Q3 sales meet forecasts, growth slows
Investing.com - UBS has reiterated its Buy rating and $265.00 price target on Advanced Micro Devices (NASDAQ:AMD) ahead of the company’s third-quarter results. AMD continues to strengthen its position in the highly competitive Semiconductors & Semiconductor Equipment industry, where key players are seeing significant market movements.
UBS expects AMD to report results toward the high end of its $9 billion guidance range for the third quarter, driven by strength in both server and client CPU segments. The firm projects data center GPU revenue of approximately $1.7 billion for the quarter. Want deeper insights into semiconductor companies? InvestingPro offers comprehensive analysis of 1,400+ stocks, including detailed semiconductor sector metrics and expert research reports.
For the fourth quarter, UBS forecasts revenue of about $9.3 billion, slightly higher than consensus estimates, with potential upside to $9.5 billion due to renewed server upgrade activity and spillover from AI into traditional compute infrastructure. The firm models fourth-quarter data center GPU revenue reaching $2.4 billion, representing a $700 million increase from the third quarter.
UBS attributes the projected sequential growth to the ramp of AMD’s MI355x chips at customers including Meta and Oracle Cloud Infrastructure. The firm notes that many customers appear to be waiting for MI455 racks next year, which could affect first-quarter 2026 performance.
Despite potential normal seasonal declines in the first quarter of 2026, UBS expects AMD to maintain a bullish multi-year outlook for its data center GPU business, supporting the firm’s continued Buy rating.
In other recent news, Intel reported third-quarter revenue of $13.65 billion and earnings per share of $0.23, surpassing consensus estimates of $13.15 billion in revenue and $0.01 in earnings per share. This strong performance was driven by robust results in the Client Computing Group and Data Center and AI segments. Following these results, several firms have adjusted their price targets for Intel. Truist Securities raised its price target to $39 from $21, noting improvements in revenues, margins, and earnings per share. TD Cowen increased its target to $38, attributing it to a "refreshingly clean set of results and guidance." Benchmark also raised its target to $50, highlighting Intel’s return to profitability after six consecutive quarters of GAAP losses. Additionally, Bernstein SocGen Group set a new target of $35, emphasizing the strong performance in client and datacenter segments. Meanwhile, Rosenblatt increased its price target to $25, citing Intel’s solid progress in balance sheet improvements and rising demand for CPUs.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.