Advanced Micro Devices (AMD) is slated to report quarterly results after the closing bell Tuesday, and several analysts have lowered their price targets in recent weeks in the wake of 澳洲幸运5官方开奖结果体彩网:tighter restrictions on U.S. chip exports to China. 

Bank of America Securities recently dropped price target to $105 from $110, calling the new licensing requirements from the Trump administration an “effective shipment ban” on AMD’s MI308 chips. AMD warned last month that the move could result in charges of 澳洲幸运5官方开奖结果体彩网:$800 million if it isn't able to secure a license. Competitor Nvidia (NVDA) ha🦄s meanwhile said it🧸 faces a potential $5.5 billion charge related to its H20 chip.

Deutsche Bank analysts in late April cut their AMD price target to $105 from $120, while Wedbush Securities around the same time moved to $115 from $150. 

The consensus price target of analysts following AMD who are tracked by Visible Alpha is $123.50, a roughly 25% premium over Tuesday's intraday price of $98.82. Out of 12 tracked analysts, six rate the stock a “buy,” compared with five “hold” ratings and one “sell.” AMD stock has lost nearly a fifth of its value in 2025. 

AI Spending a Positive Sign, Citi Says

Despite the uncertain tariff environment, Citi analysts wrote Thursday, "it appears that spending for AI continues to be unabated." Meta Platforms (META) last week said it plans to raise its capital expenditures this year to 澳洲幸运5官方开奖结果体彩网:$64 billion to $72 billion to build AI infrastructure, while Microsoft (MSFT) and Google parent Alphabet (GOOGL) reiterated AI spending targets of 澳洲幸运5官方开奖结果体彩网:$80 billion and 澳洲幸运5官方开奖结果体彩网:$75 billion, respectively.

"AI infrastructure buildouts remain as key priorities for hyperscalers with the companies’ willingness to absorb the costs of tariffs," Citi said. "We view this as positive for AI-exposed stocks," including AMD, they wrote.

澳洲幸运5官方开奖结果体彩网:Analysts expect AMD to report first-quarter revenue of $7.13 billion, up 30% year-over-year, alongside adjusted earnings of 94 cents per share, more than 50% higher than the year-ago quarter. Data center sales are expected to climb 55% to $3.63 billion.

UPDATE—May 6, 2025: This article has been updated since it was first published to reflect more recent analyst estimates and share price values.