AMD Stock Seen Swinging 8% After Earnings as SpaceX IPO Supplier
Traders predict Advanced Micro Devices could swing up to 8% after posting estimated $9.88 billion in revenue and $1.27 adjusted EPS, implying highs near $389 or lows around $331. AMD is also among five chipmakers powering SpaceX’s $2 trillion IPO infrastructure before its public launch.
1. Earnings Expectations and Potential Swing
Advanced Micro Devices will report earnings after markets close Tuesday with analysts projecting $9.88 billion in sales and $1.27 adjusted EPS, each up about 33% year-over-year. Options pricing suggests the stock could swing as much as 8% by week’s end, targeting highs around $389 or lows near $331 from the record close above $360.
2. AMD’s Position in SpaceX IPO Infrastructure
AMD is named among five key chip suppliers powering reusable rockets and AI systems for SpaceX ahead of its estimated $2 trillion IPO, highlighting the company’s growing role in next-generation aerospace and defense markets.