AMD Eyes a Beat as AI GPU Demand Supports Revenue Ahead of Q4

RBC analyst Srini Pajjuri predicts AMD will beat Q4 expectations with about $9.6B in revenue and $1.31 in adjusted EPS, aided by strong server CPU demand and AI GPU revenue (expected around $1.9B for the quarter). He sees continued AI GPU growth into 2026–2027 amid OpenAI, Meta, and Microsoft activity, while noting wafer constraints and competitive risks. The stock is rated Neutral with a $230 target, and TipRanks shows a Moderate Buy consensus with upside to roughly $286 over a year; the article emphasizes AMD’s valuation premium to Nvidia and uncertain timing of AI customer ramps.