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Barchart
Barchart
Omor Ibne Ehsan

Should You Buy AMD Stock Before Earnings on May 5? GF Securities Says Yes.

AMD GF Securities Jeff Pu Lisa Su Nvidia

Advanced Micro Devices (AMD) is on its third rally in the past five years, but this one is more special — or at least that's what analysts are saying. Investors are seeing a slew of price target upgrades before the company's earnings day on May 5, and it's worth investigating what the rush is about.

AMD remains unremarkable compared to Nvidia (NVDA), which still dominates in the AI graphics processing unit (GPU) space. But that may not matter anymore, as analysts are flagging a central processing unit (CPU) supply shortage. That's where AMD looks a lot better.

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