Broker: iFAST Financial Pte Ltd
Date of Report: 19 May 2026
Excerpt from iFAST report
Report Summary
- Stock Focus: Advanced Micro Devices (NASDAQ: AMD)
- Action: BUY
- Target Price: USD 564 per share (22% upside from USD 461 at report date)
- Key Idea: AMD is positioned to benefit directly from sustained AI infrastructure spending, with accelerating demand for server CPUs and merchant AI accelerators. The company has validated multi-year, gigawatt-scale AI accelerator contracts with Meta and OpenAI, supporting confidence in its AI revenue trajectory.
- Highlights:
- AMD raised its 2030 server CPU TAM estimate from \$60B to over \$120B, driven by AI infrastructure and new cloud buyers.
- Q1 2026 earnings beat expectations across all metrics, with Data Centre revenue up 57% year-on-year.
- Gross margin is projected to expand to 57% by FY28E, and operating margin to 38.6%, delivering a projected three-year EPS CAGR of 50%.
- Key risks: AI capex moderation, pricing pressure from Nvidia, China export restrictions, memory cost inflation.
- For broad risk diversification, consider the SMH ETF; for tactical investors, accumulate AMD on price dips.
Ticker: AMD
above is an excerpt from a report by iFAST Financial Pte Ltd. Clients of iFAST can be the first to access the full report from the iFAST website : https://secure.fundsupermart.com/fsmone/policies/328125/investment-account-terms-&-conditions
