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Barchart
Aanchal Sugandh

As Data Center Demand Grows, Susquehanna Says You Should Buy AMD Stock Before May 5

AMD Susquehanna Advanced Micro Christopher Rolland Advanced Micro Devices

Intel Corporation’s (INTC) blowout earnings last week lit a fire under the entire chip sector, crushing analyst expectations on both revenue and earnings while serving up guidance that left Wall Street rubbing its eyes in disbelief. 

Analysts are reading the multinational semiconductor chip manufacturing company’s rock-solid Central Processing Unit (CPU) performance and rosy Q2 outlook as a green light for a full-blown data center spending surge, one that puts Advanced Micro Devices (AMD) EPYC (server processor brand) processor line squarely in the money.

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