AMD Q3 Preview: Status Of The Cycle

Summary:

  • TSM recently reported strong Q3 earnings, largely driven by AI and high-performance computing demand.
  • TSM’s earnings growth foreshadows a strong Q3 from AMD, given AMD’s position in these segments.
  • In particular, when considered in combination with AMD’s historical cyclicality, I think AMD is very likely entering a new expansion phase.
Business Cycle

E_Y_E

AMD stock and TSM earnings report

My last work on Advanced Micro Devices (NASDAQ:AMD) focused on its recent ZT system acquisition, as reflected in the article’s title – AMD: ZT Systems Acquisition Improves AI Positioning. I argued that this acquisition will


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