Traders Forecast 8% Post-Earnings Swing for AMD, SpaceX IPO Infrastructure Role
AMD•Traders anticipate AMD shares could swing up to 8% post-earnings, potentially moving between $331 and $389 after reporting roughly $9.88B revenue and $1.27 adjusted EPS, each up about 33% year-over-year. AMD also ranks among five chipmakers powering SpaceX’s pre-IPO rocket and AI systems infrastructure.
1. Earnings Expectations and Potential Stock Swing
AMD is scheduled to report earnings after markets close Tuesday, with options pricing implying up to an 8% share price swing by week-end, equating to a potential move between $331 and $389 from recent record highs.
2. Forecasted Revenue and Profit Growth
Analysts anticipate roughly $9.88 billion in revenue and $1.27 in adjusted EPS, each up about 33% year-over-year, prompting D.A. Davidson’s upgrade to buy and a raised price target near $375.
3. SpaceX Pre-IPO Infrastructure Involvement
AMD ranks among five public chipmakers supplying hardware for SpaceX’s reusable rocket and AI system infrastructure ahead of its potential $2 trillion IPO.
