Susquehanna Raises AMD and Qualcomm Targets, Cuts Intel and Coherent on AI Demand Outlook
Yahoo Finance ·
Susquehanna anticipates modest upside for third-quarter semiconductor earnings and fourth-quarter guidance, underpinned by robust artificial intelligence demand and an ongoing industry upcycle. On Wednesday, the firm revised its price target for AMD to $620 from $550, Qualcomm to $185 from $160, and Skyworks Solutions to $90 from $65, while maintaining respective ratings. Conversely, price targets were reduced for Coherent, Onsemi, Wolfspeed, and Intel. AMD recently posted second-quarter revenue of $11.5 billion, featuring strong data-center growth, and anticipates third-quarter revenue of approximately $13 billion. Intel is set to report third-quarter results on October 29, followed by AMD on November 3, providing crucial insights into whether AI momentum is effectively steering broader sector earnings.
AI 시장 분석
Susquehanna projected a modest upside for Q3 earnings and Q4 guidance in the semiconductor sector, driven by AI demand and an industry upcycle. Accordingly, the price target for AMD was raised from $550 to $620, and Qualcomm from $160 to $185. Conversely, price targets for some companies like Intel and Coherent were lowered, showing stock-specific differentiation. Investors need to check through upcoming earnings whether AI demand translates into actual financial performance.
상승 영향
- Semiconductors — Susquehanna expects a modest upside for Q3 semiconductor earnings based on AI demand and the industry boom, raising AMD's price target to $620.
하락 영향
- Semiconductors — Price targets for some semiconductor companies like Intel and Coherent were lowered by 9% and 18% respectively, highlighting earnings differentiation and downward pressure by stock.
DYAX 전담 분석
Susquehanna's adjustment of semiconductor price targets suggests a selective approach based on concentrated AI infrastructure demand and visibility into individual corporate earnings. AMD received positive evaluations due to surging data center sales and a projected revenue growth rate of 41%, whereas the price targets for Intel and Coherent were reduced by 9% and 18%, respectively.
The bullish scenario is when major chipmakers demonstrate expanding AI demand during Q3 earnings releases, driving a sector-wide rally. The bearish scenario is when the downward revisions of price targets for certain stocks act as a valuation burden on the entire semiconductor sector, worsening sentiment. Future earnings guidance from AMD and Intel will serve as key indicators.
AI가 생성한 분석으로 투자 자문이 아닙니다.
DYAX Investor Sentiment
Bullish (Long) 69% · Bearish (Short) 31%
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