---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/24262592.md"
description: "$AMD(AMD.US) update: Bank of America stated that AMD's "Advancing A" event next week could be a "catalyst for catching up." Ahead of AMD's "Advancing A1" event on October 10, Bank of America noted that last year's AI event (December 6) saw the stock price rise by 19% and 80% one month and three months later, respectively. The institution also pointed out that AMD's stock price peaked in early March, coinciding with $NVIDIA(NVDA.US)'s GTC conference.They believe that updates to the AI and server CPU roadmap, possibly accompanied by supportive comments from cloud customers (potentially from Amazon), "could reignite AMD's stock price." They noted that AMD's stock price has only risen by 9% so far this year. BofA Securities presented a bullish outlook for AMD: by 2026, market share could reach 10%, adding $5 billion in sales (on top of the existing $12.6 billion), with earnings per share reaching $8-9 (compared to market expectations of $7.37). BofA Securities also noted that accelerated growth could help AMD return to a forward P/E ratio of 30-55x, a level the company achieved during its rapid market share growth and 40% annual sales growth from 2019 to 2022."
datetime: "2024-10-03T12:41:01.000Z"
locales:
  - [en](https://longbridge.com/en/topics/24262592.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/24262592.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/24262592.md)
author: "[momoM](https://longbridge.com/en/profiles/7524795.md)"
---

# $AMD(AMD.US) update: Bank of America stated that A…


### Related Stocks

- [AMD.US](https://longbridge.com/en/quote/AMD.US.md)
- [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md)

## Comments (1)

- **鲁西医资 · 2024-10-03T16:10:50.000Z**: 小姐几，方便跟你换点儿美金吗？国内假期汇不出去现在。。。