Traders See Up to 8% AMD Swing Post-Earnings; Supplier for $2T SpaceX IPO
Traders price in up to an 8% post-earnings swing for AMD, implying a rise to $389 or a pullback to $331 from its $360 record close as AI chip demand fuels a 70% year-to-date rally. AMD is among five chip suppliers powering SpaceX’s $2 trillion IPO for rockets and AI systems.
1. Earnings Volatility Expectations
Options data suggest AMD shares could move as much as 8% in either direction post-earnings, implying a high near $389 or a low around $331 from last week’s record close just above $360. Analysts forecast Q2 revenue of $9.88 billion and adjusted EPS of $1.27, each up roughly 33% year-over-year, and six out of nine analysts rate the stock a buy with an average price target of $295, while D.A. Davidson recently raised its target to $375.
2. Position in SpaceX Infrastructure
AMD is identified as one of five key chip suppliers powering SpaceX’s anticipated $2 trillion IPO, supplying processors for reusable rocket systems and AI-driven operations, highlighting the company’s expanding influence beyond traditional PC and data-center markets.