AMD: Market Share is King, Profits Exceed Expectations
The logic has changed: AI is no longer just about graphics cards (GPUs); the current 'autonomous AI agents' have a huge demand for AMD's server CPUs.
Hard power: Market share has broken through 41%, and prices are set to rise in March-April, indicating the company has strong pricing power and profits will be thicker.
Look at the essence: Although Citi slightly lowered the target price ($248), that's just a minor adjustment to the financial model; the core is that they raised the profit forecast for 2026.
Sentiment support before the earnings report is strong. The target price cut is a fake-out, the profit raise is the real positive. As long as server market share continues to expand, a pullback should be an opportunity to get on board.
Intel should still go up.
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