AMD Could See 8% Stock Swing After Earnings and Power SpaceX’s $2T IPO
Traders price AMD shares for potential 8% post-earnings swings, implying a trading range between $331 and $389 after a record close near $360 and a 70% gain year-to-date. AMD is also identified as one of five chip suppliers powering SpaceX’s infrastructure ahead of its anticipated $2 trillion IPO.
1. Pre-Earnings Stock Swing Projections
Options pricing suggests AMD shares could move as much as 8% in either direction by week’s end, implying a trading range from $331 to $389 after closing near $360. The stock has gained nearly 70% year-to-date, driven by rising AI demand and record highs.
2. Analyst Upgrades and Forecasts
D.A. Davidson analysts upgraded AMD to a buy and raised their price target to $375 from $220, citing upside potential. Wall Street consensus target stands at $295, with projected first-quarter revenue of $9.88 billion and adjusted EPS of $1.27, each up about 33% year-over-year.
3. Role in SpaceX’s IPO Infrastructure
AMD is identified as one of five public chip suppliers powering SpaceX’s reusable rockets and AI-driven systems ahead of its anticipated $2 trillion initial public offering.