Semiconductors
AMD Q2 Pre-Earnings: The Future Looks Bright
Every quarter, we objectively review our portfolio for our earnings kickoff webinar to determine the strongest and weakest stocks. AMD topped our fundamental checks going into this earnings season due to its expected YoY and QoQ acceleration. The company is expected to post annual revenue growth of 13% for FY2024, accelerating to 28% growth in FY2025. On a quarterly basis, the upcoming quarter is expected to be the bottom, with growth of 6.8% for June, growth of 14% in the September quarter, with further acceleration into the December quarter at 23% and the March quarter at 33%.
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