Lehman believes AMD (AMD), is showing strength coming off the release of its new graphics processors. But the firm still doesn’t like the stock.
AMD — Solid 2Q Trends To Date:
- Trends in a back-end loaded June quarter have tracked broadly in line to date with new products in servers (Barcelona), notebooks (Puma) and graphics (RV770) now helping the 3Q outlook.
- With an “Asset Smart” deal still targeted for 3Q, we believe these elements may help support investor sentiment.
Lehman maintains EQUAL WEIGHT on AMD given a “strained balance sheet and ongoing losses in an uncertain macro environment”, but ups $9 target to $9-$10.
NVIDIA (NVDA) Weathering Competition (NVDA, AMD)
NVIDIA (NVDA): Limited Near-Term Upside (NVDA, AMD)
NVIDIA (NVDA) Long-Term Promise Outweighs Near-Term Share Loss and Inventory Concerns (NVDA, INTC, AMD)