Advanced Micro Devices에 대한 매도 수량은 투자자에게 Advanced Micro Devices의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Advanced Micro Devices (NASDAQ:AMD) 주식, 공매도 수량 보고

ADVANCED MICRO DEVICES

Advanced Micro Devices

Advanced Micro Devices designs a variety of digital semiconductors for markets such as PCs, gaming consoles, data centers, industrial, and automotive applications. AMD's traditional strength was in central processing units and graphics processing units used in PCs and data centers. Additionally, the firm supplies the chips found in prominent game consoles such as the Sony PlayStation and Microsoft Xbox. In 2022, the firm acquired field-programmable gate array leader Xilinx to diversify its business and augment its opportunities in key end markets such as data center and automotive.

Advanced Micro Devices, Inc.

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일본이 미국산 반도체 약 70억 달러 상당을 수입할 계획이라고 보도되었다. 이러한 조치는 엔비디아(NASDAQ:NVDA)와 AMD(NASDAQ:AMD) 같은 반도체 제조업체에 큰 혜택을 줄 수 있으며, 도널드 트럼프 행정부와의 진행 중인 무역 협상 속에서 나온 것이다.

일본, 트럼프 관세 협상에서 70억 달러 규모 반도체 구매 제안···엔비디아와 AMD에 큰 이득될 수도: 로이터 보도

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화요일(27일) 캐시 우드가 이끄는 아크 인베스트(Ark Invest)는 엔비디아(NASDAQ:NVDA), AMD(NASDAQ:AMD), 그리고 테슬라(NASDAQ:TSLA)와 관련된 주목할 만한 거래를 실행했다. 이러한 거래는 중요한 시장 발전과 전략적 변화 속에서 이뤄졌으며, 투자자와 분석가의 관심을 끌고 있다.

캐시 우드, 머스크의 헌신 약속에도 990만 달러 상당 테슬라 주식 매각···실적 발표 앞둔 엔비디아 매수

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이번 수요일(28일) 장 마감 후 모든 시선은 엔비디아(NASDAQ:NVDA)에 집중될 것이다. 월가는 특히 도널드 트럼프 대통령의 최근 중국 관세 및 제한 조치로 인해 지정학적, 규제적 역풍이 거세지고 있는 가운데 AI 칩 대기업 엔비디아가 상승세를 정당화할 수 있을지에 대해 집중적으로 주목하고 있다.

엔비디아 실적 발표 임박···중국 악재에도 높은 기대치 넘어설 수 있을까?

Advanced Micro Devices, Inc. - Common Stock

Advanced Micro Devices Inc

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Leverage Shares 2X Long AMD Daily ETF

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Financial giants have made a conspicuous bearish move on Advanced Micro Devices. Our analysis of options history for Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) revealed 22 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 59% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $837,938, and 14 were calls, valued at $803,917.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $85.0 to $200.0 for Advanced Micro Devices over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Advanced Micro Devices's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Advanced Micro Devices's whale trades within a strike price range from $85.0 to $200.0 in the last 30 days. 
<h3>Advanced Micro Devices Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1748444465_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$5.25</td>
<td>$5.15</td>
<td>$5.18</td>
<td>$100.00</td>
<td>$388.5K</td>
<td>22.8K</td>
<td>902</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$8.65</td>
<td>$8.6</td>
<td>$8.6</td>
<td>$100.00</td>
<td>$172.0K</td>
<td>22.1K</td>
<td>201</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/17/27</td>
<td>$11.75</td>
<td>$11.65</td>
<td>$11.75</td>
<td>$200.00</td>
<td>$117.5K</td>
<td>566</td>
<td>104</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/30/25</td>
<td>$1.88</td>
<td>$1.87</td>
<td>$1.87</td>
<td>$115.00</td>
<td>$90.5K</td>
<td>10.6K</td>
<td>3.2K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/21/25</td>
<td>$34.85</td>
<td>$34.7</td>
<td>$34.7</td>
<td>$85.00</td>
<td>$83.2K</td>
<td>1.1K</td>
<td>49</td>
</tr>
</tbody>
</table>

<h3>About Advanced Micro Devices</h3>
Advanced Micro Devices designs a variety of digital semiconductors for markets such as PCs, gaming consoles, data centers, industrial, and automotive applications. AMD's traditional strength was in central processing units and graphics processing units used in PCs and data centers. Additionally, the firm supplies the chips found in prominent game consoles such as the Sony PlayStation and Microsoft Xbox. In 2022, the firm acquired field-programmable gate array leader Xilinx to diversify its business and augment its opportunities in key end markets such as data center and automotive.
In light of the recent options history for Advanced Micro Devices, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of Advanced Micro Devices</h3>
<ul>
<li>Trading volume stands at 7,600,714, with AMD's price down by -0.42%, positioned at $114.08.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 62 days.</li>
</ul>
<h3>What Analysts Are Saying About Advanced Micro Devices</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $146.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Loop Capital keeps a Buy rating on Advanced Micro Devices with a target price of $140. 
&#x2A; An analyst from UBS has decided to maintain their Buy rating on Advanced Micro Devices, which currently sits at a price target of $150. 
&#x2A; In a cautious move, an analyst from Seaport Global downgraded its rating to Buy, setting a price target of $110. 
&#x2A; Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Advanced Micro Devices with a target price of $130. 
&#x2A; An analyst from Rosenblatt persists with their Buy rating on Advanced Micro Devices, maintaining a target price of $200. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Advanced Micro Devices options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

Options

Market Whales and Their Recent Bets on AMD Options

Japan is reportedly planning to import nearly $7 billion worth of U.S.-made semiconductors in a move that could significantly benefit chipmakers like Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) amid <a href="https://www.benzinga.com/25/04/44999320/japans-counterpunch-to-trump-tariffs-emergency-measures-deployed-as-us-trade-talks-loom">ongoing trade negotiations</a> with the Donald Trump administration.
What Happened: Japan has proposed purchasing up to 1 trillion yen ($6.94 billion) in U.S. semiconductor products, reported Reuters via Asahi newspaper, which cited unidentified sources.
The Japanese government would subsidize domestic companies that purchase the American chips, the report said. The plan is designed to help reduce the U.S.'s approximately 10 trillion yen <a href="https://www.benzinga.com/25/05/45160679/japans-finance-minister-says-1-trillion-in-us-treasury-holdings-could-be-trade-leveragemarkets-eye-possible-bond-market-impact">trade deficit with Japan</a>.
Japan's chief tariff negotiator, Ryosei Akazawa, is expected to visit the U.S. around May 30 for a fourth round of trade discussions, the report added.
See Also:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45548615/alphabet-well-positioned-for-google-search-dominance-analyst-says-can-navigate-the-shift-to-ai-search" target="_blank" rel="noreferrer noopener">Alphabet ‘Well Positioned' For Google Search Dominance: Analyst Says Can ‘Navigate The Shift To AI Search'</a> Why It's Important: Last month, shares of Nvidia and AMD encountered <a href="https://www.benzinga.com/news/25/04/44900227/amd-stock-drops-amid-ai-chip-export-ban-whats-going-on">renewed pressure after the U.S</a>. government imposed new restrictions on AI chip exports to China and several other areas.
China continues to be a key market for Nvidia, with it contributing 13% of its revenue in the last fiscal year. However, CEO Jensen Huang earlier this year said that the company's market share in China has dropped sharply, from 95% prior to 2022 to just 50% now.
The April ban on the <a href="https://www.benzinga.com/25/05/45513246/nvidia-ceo-jensen-huang-says-chinese-ai-researchers-are-world-class-and-us-companies-are-hiring-a-whole-bunch-of-them">H20 chip led Nvidia to write off $5.5 billion</a> in inventory and forgo roughly $15 billion in potential sales.
On the other hand, during AMD's <a href="https://www.benzinga.com/news/earnings/25/05/45237261/amd-q1-earnings-revenue-eps-beat-driven-by-expanding-data-center-ai-momentum-chipmaker-expects-strong-growth-in-2025">first-quarter earnings</a> call, CEO Lisa Su stated that the company had always <a href="https://www.benzinga.com/markets/25/05/45243612/amd-always-expected-restrictions-on-cutting-edge-gpu-exports-to-china-says-lisa-su-working-with-trump-administration-to-keep-us-ai-tech-dominant">anticipated some restrictions</a> on leading-edge GPUs being shipped to China and had already factored these China-related limitations into its total addressable market (TAM) estimates.
Earlier on Tuesday, it was reported that <a href="https://www.benzinga.com/25/05/45609927/trump-tariff-countermeasures-japan-to-reportedly-roll-out-6-3-billion-emergency-fund-stimulus-as-early-as-tuesday">Japan plans to earmark 900 billion yen</a> (approximately $6.3 billion) as part of emergency economic measures aimed at offsetting the impact of heightened U.S. tariffs. The total value of the stimulus package could climb to 2.8 trillion yen ($19.7 billion) when including local government contributions.
Price Action: Nvidia shares inched up 0.074% in after-hours trading to $135.60 at the time of writing, following a 3.21% gain during Monday's regular session, according to <a href="http://pro.benzinga.com/">Benzinga Pro</a>. On Tuesday, AMD shares gained 3.85% during the regular hours and an additional 0.37% in the after-hours trading.
Meanwhile, NVDA received a growth score of 98.78% from Benzinga Edge Stock Rankings, signaling robust market momentum. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to compare it with other top-performing stocks</a> like AMD.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28010952/Screenshot-2025-05-28-at-10.12.35%E2%80%AFAM-1.png" alt="" class="wp-image-929264" /></a></figure>
Photo Courtesy: Hepha1st0s On Shutterstock.com
Read Next:
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<li><a href="https://www.benzinga.com/25/05/45599346/why-googles-demis-hassabis-disagrees-with-co-founder-sergey-brin-on-when-agi-will-arrive-and-sets-a-much-higher-bar" target="_blank" rel="noreferrer noopener">Why Google&#8217;s Demis Hassabis Disagrees With Co-Founder Sergey Brin On When AGI Will Arrive: ‘I Have Quite A High Bar&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Nvidia, AMD Could Stand To Gain Big Time As Japan Proposes $7 Billion Chip Deal In Trump Tariff Talks Amid China Export Curbs: Report

On Tuesday, Cathie Wood-led Ark Invest executed notable trades involving NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). These trades come amid significant market developments and strategic shifts, capturing the attention of investors and analysts alike.
The Tesla Trade
Ark Invest made a significant decision to sell shares of Tesla on Tuesday. The trade involved the sale of 27,377 shares through the ARK Innovation ETF (BATS: ARKK). This move comes as Tesla&#8217;s stock experienced a 6.94% surge, reaching $362.89 for the day. Ark&#8217;s Tesla transaction was valued at $9.9 million.
On Tuesday, Elon Musk emphasized his <a href="https://www.benzinga.com/news/25/05/45623941/tesla-stock-rises-as-elon-musk-pledges-renewed-focus-on-company-whats-going-on">renewed commitment</a> to Tesla in a social media post, stating he is now &#8220;spending 24/7 at work,&#8221; which has sparked investor interest.
The Nvidia Trade
Ark Invest also made a strategic purchase of NVIDIA shares, acquiring 21,504 shares through the ARKK ETF and an additional 13,039 shares via the ARK Next Generation Internet ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#BATS">ARKW</a>). This acquisition occurs as Nvidia prepares to release its <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45629981/nvidia-amd-shares-climb-as-tariff-delay-boosts-tech-sector-whats-going-on">first-quarter earnings</a>, with expectations of an EPS of $0.88 and revenue of $43.54 billion. Nvidia&#8217;s stock has seen a 20.75% increase over the past month, driven by strong technical indicators and anticipation of its earnings report. The purchase by Ark Invest highlights confidence in Nvidia&#8217;s position as a leader in AI technology, despite geopolitical challenges.
On Tuesday, Nvidia stock rose 3.2% for the day at $135.50. The stock purchase by Wood was valued at $4.7 million.
The AMD Trade
Ark Invest&#8217;s interest in AMD was evident with the purchase of 50,837 shares through the ARKK ETF and 46,231 shares via the ARKW ETF. This move aligns with AMD&#8217;s growing presence in the AI sector, positioning itself as a formidable competitor to Nvidia. The recent delay in tariffs on European Union imports by President Donald Trump has provided a <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45629981/nvidia-amd-shares-climb-as-tariff-delay-boosts-tech-sector-whats-going-on">boost to AMD&#8217;s stock</a>, contributing to a broader tech sector rally.
For the day, AMD stock rose 3.85% to $114.56, making Ark&#8217;s purchase worth $11.1 million.
Other Key Trades:
<ul class="wp-block-list">
<li>Sold 1,104,945 shares of 3D Systems Corp through the ARKQ ETF and 257,346 shares through ARKX..</li>
<li>Bought 230,450 shares of CRISPR Therapeutics AG via the ARKK ETF and 32,009 through ARKG.</li>
<li>Sold 95,589 shares of Roblox Corp through the ARKK ETF.</li>
</ul>
Benzinga Edge Stock Rankings indicate AMD has a Momentum in the 20th percentile and Growth in the 97th percentile. Here is how you can <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">find out</a> how Nvidia compares.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="442" height="280" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/27210340/Screenshot-2025-05-28-at-10.03.25.png" alt="" class="wp-image-929139" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/27210340/Screenshot-2025-05-28-at-10.03.25.png 442w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/27210340/Screenshot-2025-05-28-at-10.03.25-300x190.png 300w" sizes="(max-width: 442px) 100vw, 442px" /></a></figure>
Photo Courtesy: ChrisStock82 on Shutterstock.com
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<li><a href="https://benzinga.com/25/05/45612848/trumps-recent-wrath-on-apple-ceo-tim-cook-is-also-tied-to-the-middle-east-not-just-india-report" target="_blank" rel="noreferrer noopener">Trump&#8217;s Apple Beef Isn&#8217;t Just About India-Made iPhones — It&#8217;s Also About Skipped Middle East Trip: Report</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Cathie Wood Dumps $9.9M Tesla Despite Musk's '24/7' Pledge, Loads Up on Nvidia Before Earnings

Shares of NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) surged Tuesday following President Donald Trump's decision to <a href="https://www.benzinga.com/government/regulations/25/05/45627060/wall-street-rockets-as-bond-yields-drop-tesla-hits-3-month-highs-whats-driving-markets-tuesday">postpone</a> sweeping tariffs on European Union imports. The move sparked a sharp rebound in U.S. markets, with the Nasdaq jumping nearly 2.4% and tech stocks leading the rally.
What To Know: President Donald Trump had threatened to <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45585283/trump-tariff-threat-hits-europe-stocks-sink-as-50-duties-loom">impose 50% tariffs</a> on EU goods beginning June 1, but delayed the action to July 9, signaling openness to further negotiations. The reprieve alleviated investor fears of escalating trade tensions, driving gains across major indexes and particularly benefiting the technology sector.
Read Also: <a href="https://www.benzinga.com/news/25/05/45623941/tesla-stock-rises-as-elon-musk-pledges-renewed-focus-on-company-whats-going-on">Tesla Stock Rises As Elon Musk Pledges Renewed Focus On Company: What&#8217;s Going On?</a>
Nvidia rose 2.9% on the news, while AMD also gained 3.8%, buoyed by improved market sentiment and sector momentum. Investors are optimistic ahead of Nvidia's <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45616366/nvidias-q1-earnings-loom-while-amds-edge-ai-bet-could-change-the-narrative">first-quarter earnings</a> report due Wednesday, which is expected to show earnings per share of $0.88 and revenue topping $43 billion.
The tariff delay comes at a critical time, as markets recently struggled with economic headwinds, including a U.S. credit rating downgrade and rising Treasury yields. With geopolitical tensions easing, at least temporarily, and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45608914/nvidia-earnings-on-deck-can-ai-darling-beat-the-streets-high-bar-amid-china-headwin">key earnings</a> on deck, tech stocks like Nvidia and AMD were poised to benefit Tuesday from renewed investor confidence.
Investors can gain exposure to&nbsp;AMD and NVDA by&nbsp;investing&nbsp;in the VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>).
<h1 class="wp-block-heading">How To Buy NVDA, AMD Stock</h1>
Besides going to a brokerage platform to purchase a share — or fractional share — of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in these two stock cases, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, AMD has a 52-week high of $187.28 and a 52-week low of $76.48; Nvidia has a 52-week high of $153.13 and a 52-week low of $86.63, as of publication on Tuesday.
Read Next: 
•&nbsp;<a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45616116/trumps-tariffs-may-trigger-an-inflation-shock-but-not-a-lasting-one-goldman-sachs-says" target="_blank" rel="noreferrer noopener">Trump's Tariffs May Trigger An Inflation Shock – But Not A Lasting One, Goldman Sachs Says</a>
Photo: Shutterstock

Movers

NVIDIA, AMD Shares Climb As Tariff Delay Boosts Tech Sector: What's Going On?

WIIM

Advanced Micro Devices shares are trading higher. HSBC upgraded the stock from Reduce to Hold.

HSBC analyst Frank Lee upgrades Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) from Reduce to Hold.

Upgrades

HSBC Upgrades Advanced Micro Devices to Hold

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) may still be the emperor of AI's training stack, but Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) is making a compelling case to become the infrastructure king of everything else.
With Nvidia set to report first-quarter earnings on Wednesday, <a href="https://www.benzinga.com/quote/NVDA/earnings">Wall Street expects</a> fireworks &#8211; an EPS of 88 cents per share and revenue of $43.54 billion. The stock has surged 20.75% in the past month, and despite being slightly under its eight-day simple moving average (SMA), it&#8217;s flashing strong technicals.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0526"><img loading="lazy" decoding="async" width="631" height="486" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/26115503/Screenshot-2025-05-26-at-9.23.58-PM.png" alt="" class="wp-image-927538" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/26115503/Screenshot-2025-05-26-at-9.23.58-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/26115503/Screenshot-2025-05-26-at-9.23.58-PM-300x231.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0526">Chart created using Benzinga Pro</a>
NVDA stock is trading well above its 20, 50, and 200-day SMAs. With a MACD (moving average convergence/divergence) of 6.29 and RSI (relative strength index) nearing overbought at 63.8, the bulls are clearly in control.
Analysts remain solidly bullish. Recent ratings from Wedbush, BofA, and UBS peg an average price target of $170 — implying nearly 30% upside from current levels. NVDA isn't just the leader; it's still the benchmark.
Read Also: <a href="https://www.benzinga.com/markets/equities/25/05/45605521/after-jensen-huang-criticized-us-export-curbs-nvidia-set-to-launch-cheaper-blackwell-ai-chip-for-china-amid-market-share-slide-report">After Jensen Huang Criticized US Export Curbs, Nvidia Set To Launch Cheaper Blackwell AI Chip For China Amid Market Share Slide: Report</a>
<h2 class="wp-block-heading">AMD's Inference-Focused Strategy Finds Tailwinds</h2>
But AMD isn't trying to be Nvidia anymore, which might be the smartest move in the AI arms race.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0526"><img loading="lazy" decoding="async" width="631" height="486" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/26115812/Screenshot-2025-05-26-at-9.24.10-PM.png" alt="" class="wp-image-927539" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/26115812/Screenshot-2025-05-26-at-9.24.10-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/26115812/Screenshot-2025-05-26-at-9.24.10-PM-300x231.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0526">Chart created using Benzinga Pro</a>
While AMD has lagged over the past year, down 35.72%, the stock has bounced back 14.44% in the last month. Its recent technicals are mixed — it's trading below its eight-day SMA but above the 20 and 50-day SMAs. The 200-day still looms overhead, yet with a MACD of 4.30 and RSI of 57.67, buying pressure is building.
And then there's the narrative shift.
<h2 class="wp-block-heading">AI Infrastructure Is Evolving – And So Are Investor Preferences</h2>
As Shay Boloor <a href="https://x.com/StockSavvyShay/status/1926981712526881131">puts it</a>, AMD isn't chasing Nvidia&#8217;s crown — it's building a different kingdom. While Nvidia owns training, AMD is positioning for AI's deployment phase: edge computing, sovereign AI, cost-effective inference and modular stacks. Its MI300X chips and ROCm platform aren&#8217;t trying to out-CUDA CUDA — they're solving problems CUDA wasn't built for.
The $10 billion Humain deal? That's about control, not hype. It's a bold pivot from playing catch-up to reshaping the battlefield.
In a world where AI infrastructure is becoming political and every enterprise wants sovereignty, AMD's open, modular approach isn't just a Plan B. It might be Plan A for hyperscalers and governments that don't want to be locked into Nvidia's stack.
NVDA might crush this quarter — again. But as AI evolves from a centralized boom to a decentralized wave, the market may start asking a different question:
Not "Can AMD catch Nvidia?" But "Did we underestimate what AMD is becoming?"
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/25/05/45602111/600b-ai-opportunity-nvidias-18000-chip-deal-with-saudi-arabias-humain-puts-middle-east-front-of-the-line-says-wedbushs-dan-ives">$600B AI Opportunity: Nvidia&#8217;s 18,000-Chip Deal With Saudi Arabia&#8217;s Humain Puts Middle East &#8216;Front Of The Line,&#8217; Says Wedbush&#8217;s Dan Ives</a></li>
</ul>
Photo: Shutterstock

Long Ideas

Technicals

Previews

Trading Ideas

Nvidia's Q1 Earnings Loom, While AMD's Edge AI Bet Could Change The Narrative

All eyes will be on Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) this Wednesday after market close, with Wall Street intensely focused on whether the AI-chip giant can justify its rise amid rising geopolitical and regulatory headwinds, especially from President Donald Trump's recent China tariffs and restrictions.
For the fiscal quarter ending April 30, analysts expect earnings per share of $0.88, a 43% increase from the prior year, according to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>.
Revenue is projected at $43.4 billion, up 65% from a year ago—a staggering figure that reflects sustained demand for Nvidia's AI accelerators and data center products.
Yet not all is rosy under the surface. Bank of America analyst Vivek Arya sees potential cracks forming beneath the headline numbers.
<h3 class="wp-block-heading">Strong Top-Line Growth Expected, But EPS May Miss</h3>
"We look for modest Q1 beat vs. the $43 billion guide and $43.4 consensus," Arya said in a recent note. 
Yet, the expert warned that Nvidia&#8217;s gross margins could fall sharply due to a $5.5 billion inventory write-off tied to U.S. government restrictions on high-end H20 chips sold to China.
That could drag gross margins from the guided 71% to just 58%, pushing pro forma EPS closer to $0.74, nearly 16% below consensus.
Read also: <a href="https://www.benzinga.com/25/05/45513246/nvidia-ceo-jensen-huang-says-chinese-ai-researchers-are-world-class-and-us-companies-are-hiring-a-whole-bunch-of-them">Nvidia CEO Jensen Huang Slams US Chip Export Curbs As &#8216;Exactly Wrong For America,&#8217; Praises Chinese AI Researchers As &#8216;World-Class&#8217;</a> 
<h3 class="wp-block-heading">How Bad Could Q2 Guidance Get?</h3>
Aside from first-quarter figures, the real market-moving factor will likely be Nvidia's second-quarter outlook, where downside risk appears elevated.
Analyst consensus has already pulled Q2 revenue forecasts down to $46.4 billion from $48 billion before the H20 ban. But Arya said this may still be too optimistic. 
Applying a similar 47% hit seen by competitor Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) from China&#8217;s chip restrictions, Arya believes Nvidia&#8217;s guidance could drop as low as $41 billion—a figure that would shock investors and imply a pro forma EPS of just $0.85. 
<h3 class="wp-block-heading">Massive $15 Billion China Hit To FY26</h3>
The long-term impact of the H20 ban may be even more severe. Nvidia itself has disclosed that restrictions could reduce fiscal 2026 sales by $15 billion, far higher than the $3.8 billion consensus expectation and even Bank of America's prior $12 billion estimate.
If this scenario plays out, EPS could fall to $3.93 for FY26, 10% below the current consensus of $4.38 and 14% below pre-ban forecasts of $4.56.
Despite the looming risks, Bank of America maintains a &#8220;Buy&#8221; rating on Nvidia with a 12-month $160 price objective, suggesting a 22% upside from current levels.
Read now: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/05/45605521/after-jensen-huang-criticized-us-export-curbs-nvidia-set-to-launch-cheaper-blackwell-ai-chip-for-china-amid-market-share-slide-report">After Jensen Huang Criticized US Export Curbs, Nvidia Set To Launch Cheaper Blackwell AI Chip For China Amid Market Share Slide: Report </a></li>
</ul>

Nvidia Earnings On Deck: Can AI Darling Beat The Street's High Bar Amid China Headwinds?

<a href="https://www.benzinga.com/25/05/45437126/us-and-saudi-arabia-deepen-critical-minerals-ties-with-rare-earth-agreement">Saudi Arabia</a> is making a bold move to become a global leader in artificial intelligence. The kingdom's new AI venture, Humain, backed by Saudi Arabia&#8217;s Public Investment Fund, has secured a deal with Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) to receive 18,000 of its latest GB300 Blackwell chips, according to<a href="https://www.cnbc.com/2025/05/13/nvidia-blackwell-ai-chips-saudi-arabia.html"> CNBC</a>.
This partnership aims to build a 500-megawatt AI data center, marking a significant step in Saudi Arabia's Vision 2030 plan to diversify its <a href="https://www.benzinga.com/25/04/44852660/warren-buffett-said-the-economy-is-like-a-train-occasionally-they-get-derailed-and-crashes-like-2008-will-happen-but-america-cant-be-stopped">economy</a> and invest in cutting-edge technology, <a href="https://www.youtube.com/watch?v=GL6jU35oGsA&amp;t=2s&amp;ab_channel=FortuneMagazine">Fortune</a> reports.
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<h2 class="wp-block-heading">Nvidia's Blackwell Chips Power Saudi Arabia's AI Ambitions</h2>
The chip deal was announced on May 13 during the Saudi-U.S. Investment Forum in Riyadh, where Nvidia CEO Jensen Huang praised Saudi Arabia's long-term vision. &#8220;It is an incredible vision, indeed,&#8221; Huang said, referring to the country's plan to build a national AI infrastructure, according to CNBC.
Wedbush Securities analyst Dan Ives told <a href="https://fortune.com/2025/05/14/nvidia-ai-humain-saudi-arabia-front-of-the-line-wedbush-dan-ives/">Fortune</a> that the move places Saudi Arabia at &#8220;the front of the line&#8221; for global chip access, ahead of countries like China. He described the deal as a &#8220;watershed&#8221; moment in the ongoing global AI race.
Humain's data centers, powered by these chips, are expected to host Arabic-language large language models and multimodal AI tools capable of operating across voice, image, and text input. According to<a href="https://www.reuters.com/world/middle-east/saudi-arabia-launches-company-develop-artificial-intelligence-under-pif-2025-05-12/"> Reuters</a>, the aim is to create regionally specific models that can support smart city infrastructure, autonomous logistics, and defense technology.
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — <a href="https://www.benzinga.com/money/boxabl-scaling-fast-from-spacex-orders-to-600-homes-built-this-60k-foldable-home-may-be-the-future-of-housing">this is your last chance to become an investor for $0.80 per share.</a>
<h2 class="wp-block-heading">Multibillion Dollar Collaborations Accelerate Regional Edge</h2>
In addition to Nvidia, other U.S. tech companies are forming strategic partnerships with Humain. Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) <a href="https://ir.amd.com/news-events/press-releases/detail/1250/amd-and-humain-form-strategic-10b-collaboration-to-advance-global-ai">announced</a> Tuesday that it committed to a $10 billion agreement to provide 500 megawatts of AI compute infrastructure. Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Cisco Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) have also <a href="https://newsroom.cisco.com/c/r/newsroom/en/us/a/y2025/m05/cisco-expands-partnership-with-saudi-arabia-to-power-the-ai-future.html">revealed</a> on Tuesday that they signed separate deals to support Humain's cloud and connectivity stack.&nbsp;&nbsp;
Amazon Web Services <a href="https://www.aboutamazon.com/news/company-news/amazon-aws-humain-ai-investment-in-saudi-arabia">announced</a> on May 13 a $5 billion plan to establish a dedicated AI Zone in Saudi Arabia, which includes the deployment of Amazon Bedrock and AWS SageMaker, giving Saudi AI researchers a full stack of tools to scale model training and application development.
The partnerships come as the Trump administration rolls back Biden-era semiconductor export rules. The Commerce Department has ended the &#8220;AI diffusion&#8221; restriction, which previously required special licenses to export advanced AI chips. The policy shift is designed to favor trusted allies while keeping U.S.-made technology away from geopolitical rivals like China, Fortune says.
See Also: Nancy Pelosi Invested $5 Million In An AI Company Last Year — <a href="https://www.benzinga.com/money/elf-labs-ym?v=123">Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000.</a>
<h2 class="wp-block-heading">Saudi Arabia's Push Reshapes Global AI Dynamics</h2>
Humain's rise signals a strategic redirection in the global AI ecosystem. While U.S.-based clients like Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>, GOOGL)) and Amazon still dominate Nvidia's distribution priorities, Fortune reports that Saudi Arabia now joins a short list of preferred global chip recipients, second only to the U.S.
Meanwhile, China has been restricted to using Nvidia's downgraded H20 chips, designed to comply with U.S. export controls but lacking the full performance of Blackwell processors. &#8220;China is the big loser,&#8221; Ives told Fortune, citing both the technology gap and increased trade complications as key disadvantages.
With support from top-tier U.S. tech firms and full government alignment, Saudi Arabia appears positioned to drive the next wave of AI development. As Humain builds out its infrastructure, the world is watching a new power center emerge in the global tech arena.
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Image: Shutterstock

AMZN

CSCO

GOOG

$600B AI Opportunity: Nvidia's 18,000-Chip Deal With Saudi Arabia's Humain Puts Middle East 'Front Of The Line,' Says Wedbush's Dan Ives

Nearly two decades ago, Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) founder Morris Chang explained why Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) and Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) wouldn&#8217;t stand a chance in the foundry business—and history is proving him right.
What Happened: During a 2007 conversation at the Computer History Museum, Chang addressed whether Intel or Samsung could compete with TSMC by using excess production capacity to enter the foundry market.
His response was blunt: "It's a completely different corporate culture."
He elaborated, recalling a conversation with a CEO who evaluated fab managers based on yield and cycle time metrics. "I said, we evaluate our plant managers by the satisfaction of our customers," he told Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang, who was moderating the conversation.
See Also: <a href="https://www.benzinga.com/tech/25/03/44298588/lip-bu-tan-got-high-praise-from-tsmc-founder-morris-chang-for-saving-cadence-from-pretty-big-trouble-will-the-magic-work-at-the-new-intel">Lip-Bu Tan Got High Praise From TSMC Founder Morris Chang For Saving Cadence From &#8216;Pretty Big Trouble&#8217; — Will The Magic Work At The &#8216;New&#8217; Intel</a>
That difference, he said, meant rivals couldn't succeed even if they tried. "I decided right there that this guy is not going to be an effective competitor with me."
"I give you the same comment when you bring up Samsung and Intel. I have a great deal of respect for them in what they are doing, but I do not think that they will effectively compete with me in the foundry business even if they have excess capacity," Chang stated.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
After Chang's statement, Huang said that from a customer's perspective, the distinction between a semiconductor company of &#8220;force&#8221; and one of &#8220;agility and force&#8221; is critical.
"Agility is something that's tough to teach large corporations," he said, praising TSMC's culture of service and flexibility.
Chang added that TSMC's ability to manage nearly 50 customers within the same fab was a competitive advantage no other chipmaker had mastered. "We just learned it over 20 years—that's one of our trade secrets."
Why It&#8217;s Important: Today, TSMC is the dominant global foundry player with clients like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Nvidia and Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>).
Despite renewed pushes by Intel and Samsung into the contract manufacturing space, <a href="https://www.benzinga.com/news/24/08/40576490/taiwan-semiconductor-leads-foundry-market-samsung-and-intel-ramp-up-advanced-process-efforts-report">TSMC's lead remains formidable</a>, validating Chang's early insights.
According to a March 2025 Counterpoint research, TSMC dominates the global foundry market, steadily increasing its share from 58% in the second quarter of 2023 to 67% in the fourth quarter of 2024.
Samsung Foundry—TSMC's closest competitor—is losing market share, dropping from 12% to 11% during the same period.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21203333/Screenshot-2025-05-22-at-6.03.24%E2%80%AFAM-1024x586.png" alt="" class="wp-image-923635" style="width:919px;height:auto" /><figcaption class="wp-element-caption">Source: Counterpoint</figcaption></figure>
Meanwhile, Intel&#8217;s foundry business has faced major hurdles, including $13 billion in annual losses last year, job cuts, a suspended dividend and a <a href="https://www.benzinga.com/news/legal/25/03/44157128/intel-beats-investor-lawsuit-after-32-billion-stock-plunge-judge-rules-foundry-losses-werent-misleading">shareholder lawsuit</a> over alleged concealment of internal issues.
The abrupt departure of CEO Pat Gelsinger also <a href="https://www.benzinga.com/news/25/02/43708460/bill-gates-has-a-soft-spot-for-intel-but-says-the-chip-giant-has-lost-its-way-questions-whether-the">added to the turmoil</a>.
Despite these setbacks, Intel remains determined to become the world's No. 2 foundry by 2030, aiming to surpass Samsung while competing with TSMC.
Last month, at the Intel Direct Connect event, new CEO Lip-Bu Tan reaffirmed the company&#8217;s commitment to <a href="https://www.benzinga.com/content/44656300/intels-big-bet-on-18a-will-lip-bu-tans-vision-pay-off">its foundry ambitions</a>.
Price Action: Intel shares have risen 2.32% year to date, while TSMC shares have declined by 4.87%. However, over the past five years, Intel stock has dropped 66.77%, whereas TSMC has surged 285.06%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga's Edge Rankings give Intel (INTC) a 19.77% growth rating. Want to see how it compares to TSMC and Samsung? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here for the full breakdown</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21203434/Screenshot-2025-05-22-at-6.04.07%E2%80%AFAM.png" alt="" class="wp-image-923637" /></a></figure>
Photo Courtesy: jamesonwu1972 On Shutterstock.com
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/tech/25/05/45335671/morris-chang-once-talked-about-how-intel-turned-down-his-vision-for-tsmc-fast-forward-to-today-and-the-taiwanese-chipmaker-has-outgrown-intel-in-market-value-by-hundreds-of-billions">Morris Chang Once Talked About How Intel Turned Down His Vision For TSMC — Fast Forward To Today And The Taiwanese Chipmaker Has Outgrown Intel In Market Value By Hundreds Of Billions</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

AAPL

INTC

SSNLF

Morris Chang Saw Writing On The Wall 20 Years Ago For The Likes Of Intel And Samsung And Why They Would Never Be Able To Beat TSMC In Foundry Business

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas" target="_blank" rel="noreferrer noopener"> many investors' favorite stocks</a> over the last week — here's a look at some of our top stories.
U.S. markets experienced heightened volatility this week as President Donald Trump intensified trade tensions by threatening a 25% tariff on foreign-made Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) products and announcing a 50% tariff on European Union imports starting June 1. These announcements led to a decline in major indices, with the S&amp;P 500 falling 0.7%, the Dow Jones dropping 0.6%, and the Nasdaq decreasing by 1%. Apple shares were particularly affected, losing 3% in value.
Investor concerns over the U.S. fiscal outlook grew as the 30-year Treasury yield briefly surpassed 5.15%, reflecting apprehensions about rising deficits and debt sustainability. A weak 20-year Treasury auction further exacerbated these fears, indicating diminished demand for long-term U.S. debt.
Looking ahead, market participants are closely monitoring upcoming U.S.-China trade negotiations and potential adjustments to existing tariffs. The Federal Reserve's stance on interest rates remains a focal point, especially as real borrowing costs rise, tightening broader financial conditions. Additionally, corporate earnings reports and economic indicators will continue to influence market dynamics in the coming weeks.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.

The Bulls
<a href="https://www.benzinga.com/trading-ideas/technicals/25/05/45544614/google-could-smart-glasses-smart-speech-spark-the-stocks-next-big-leap">"Google: Could smart glasses, speech spark the stock's next big leap?"</a>, by Surbhi Jain, reports that Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) is gaining investor attention as its partnership with Warby Parker to develop AI-powered smart glasses and advancements in speech recognition technology signal a potential new growth narrative beyond search.
<a href="https://www.benzinga.com/government/regulations/25/05/45574763/goldman-sachs-defense-stock-golden-dome">"Goldman Sachs: Golden Dome is big win for this defense stock"</a>, by Piero Cingari, reports that Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) analyst Noah Poponak reiterated a Buy rating on L3Harris Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>), highlighting its potential to secure billions in contracts from the Trump administration's $175 billion "Golden Dome" missile defense initiative.
<a href="https://www.benzinga.com/trading-ideas/movers/25/05/45531583/amd-nvidia-shares-jump-after-musk-highlights-xais-gpu-needs-we-expect-to-still-buy-a-lot">"AMD, Nvidia shares jump after Musk highlights xAI's GPU needs: ‘We expect to still buy a lot'"</a>, by Adam Eckert, reports that Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares rose after Elon Musk stated that Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and xAI plan to purchase "a lot" of GPUs from both companies to support AI initiatives like robotaxis and the Optimus robot.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/trading-ideas/movers/25/05/45541780/d-wave-quantum-stock-extends-rally-as-momentum-builds-following-launch-of-new-quantum-system">D-Wave Quantum Stock Extends Rally As Momentum Builds Following Launch Of New Quantum System</a>
<a href="https://www.benzinga.com/25/05/45517783/magnificent-7-stun-the-street-with-the-best-earnings-beat-since-2021">Magnificent 7 Stun The Street With Best Earnings Beat Since 2021</a>
<a href="https://www.benzinga.com/25/05/45540768/medtronic-beats-q4-forecasts-hikes-dividend-plans-diabetes-spinoff">Medtronic Beats Q4 Forecasts, Hikes Dividend, Plans Diabetes Spinoff</a>

The Bears
<a href="https://www.benzinga.com/news/legal/25/05/45568107/solar-energy-stocks-drop-as-house-approves-major-rollback-of-climate-incentives">"Solar energy stocks drop as House approves major rollback of climate incentives"</a>, by Erica Kollmann, reports that Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) shares fell after the House passed President Trump's "One Big, Beautiful Bill," which rolls back key climate incentives, leaving the solar industry facing uncertainty as the bill moves to the Senate.
<a href="https://www.benzinga.com/25/05/45540759/target-stock-slips-as-q1-earnings-miss-estimates-fy2025-outlook-cut-amid-slowing-sales">"Target stock slips as Q1 earnings miss estimates, FY2025 outlook cut amid slowing sales"</a>, by Nabaparna Bhattacharya, reports that Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) shares fell after the company missed Q1 earnings expectations and lowered its FY2025 outlook, citing a 3.8% drop in comparable sales driven by tariffs, weakened consumer sentiment, and backlash from scaling back diversity, equity, and inclusion initiatives.
<a href="https://www.benzinga.com/news/rumors/25/05/45555558/wolfspeed-stock-plunges-59-on-bankruptcy-fears-options-traders-cash-in">"Wolfspeed stock plunges 59% on bankruptcy fears: Options traders cash in"</a>, by Erica Kollmann, reports that Wolfspeed Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) shares plummeted 59% to $1.28 after reports emerged that the company is preparing to file for Chapter 11 bankruptcy, with options traders profiting from heavy put activity ahead of the news.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/government/regulations/25/05/45554854/health-care-stocks-like-unitedhealth-cvs-tank-on-wednesday-heres-why">Health Care Stocks Like UnitedHealth, CVS Tank On Wednesday: Here's Why</a>
<a href="https://www.benzinga.com/25/05/45567780/hims-hers-health-stock-is-tumbling-thursday-whats-happening">Hims &amp; Hers Health Stock Is Tumbling Thursday: What's Happening?</a>
<a href="https://www.benzinga.com/markets/equities/25/05/45532892/legendary-investor-jeremy-grantham-warns-of-50-stock-market-crash">Legendary Investor Jeremy Grantham Warns Of 50% Stock Market Crash</a>

Keep up with all the latest breaking news and trading ideas by following <a href="https://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener">Benzinga</a><a href="http://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener"> on X</a>.
Image created using artificial intelligence via Midjourney.

GOOGL

Hims & Hers Health, Inc. Class A Common Stock

HIMS

QBTS

WOLF

Benzinga Bulls And Bears: Alphabet, L3Harris, Target — And Latest Tariff News Roils Markets

BofA Securities analyst Vivek Arya reiterated a Buy rating on NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) with a $160 price target on Thursday.
Arya updated his fiscal first quarter outlook following supply chain insights, investor discussions and Nvidia&#8217;s remarks at the recent Computex trade show, particularly concerning the U.S. ban <a href="https://www.benzinga.com/topic/nvidia">on H20 sales to China.</a>
He highlighted a disconnect between Nvidia's stated $15 billion in lost China sales, the revised fiscal 2026 (calendar 2025) sales estimate of $10 billion–$12 billion and the more conservative $3.8 billion in consensus revisions. Depending on China shipment timing, this could amplify to a $4 billion–$5 billion headwind in the fiscal second quarter.
Gross margin recovery remains a key focus. Arya looks for management confidence in restoring margins to the mid-70s in the second half, driven by Blackwell ramp-up and rack-level product yields.
Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45587680/emergence-of-ualink-as-a-viable-alternative-could-challenge-nvidias-dominance-analyst-asserts" target="_blank" rel="noreferrer noopener">Emergence Of UALink As A Viable Alternative Could Challenge Nvidia&#8217;s Dominance, Analyst Asserts</a>
Despite these near-term headwinds, Arya considers Nvidia as a top sector pick, citing its unique position in global AI deployment and potential China sales rebound through redesigned, compliant products later in the year.
For the fiscal first quarter, Arya expects a modest beat versus Nvidia's $43 billion guidance and consensus of $43.4 billion. However, the $5.5 billion H20-related inventory write-off may pull gross margins to ~58%, below the 71% guide. He forecasts adjusted EPS at 74 cents, under the consensus of 88 cents. No material H20 impact is expected in the first quarter.
Fiscal second quarter consensus has dropped from $48 billion (pre H20 ban) to $46.4 billion, with investor expectations closer to $45 billion–$46 billion. Current models only reflect a ~$2 billion H20 headwind, which may be optimistic if early-year sales were front-loaded.
By comparison, Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) estimated 47% of its $1.5 billion China impact would hit in the second quarter. Applying that ratio to Nvidia&#8217;s $15 billion China headwind implies a $7 billion second quarter hit, potentially dropping sales guidance to $41 billion, well below consensus. This would imply an adjusted EPS of ~85 cents, 16% below estimates.
Looking further ahead, Arya estimates the $15 billion China sales headwind could bring fiscal 2026 revenue down to $190 billion, 6% below consensus, and adjusted EPS to $3.93, 10% below the current $4.38, or 14% below the pre-ban $4.56 consensus.
A potential upside could from a faster non-China Blackwell ramp as Nvidia accelerates testing of its move back to &#8220;Bianca&#8221; compute boards from the prior decision to move to &#8220;Cordelia&#8221; boards for GB300 GPU.
NVDA Price Action:&nbsp;Nvidia stock is trading lower by 0.76% to $131.82 at publication on Friday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/media/25/05/45572904/nvidia-powers-big-gains-for-quanta-pegatron-as-ai-demand-explodes" target="_blank" rel="noreferrer noopener">Nvidia Powers Big Gains For Quanta, Pegatron As AI Demand Explodes</a></li>
</ul>
Photo: Shutterstock

Price Target

Reiteration

Nvidia May Beat Q1, But Q2 Sales Could Fall To $41 Billion On China Ban, BofA Securities Analyst Warns

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/23/25</td>
<td>$131.00</td>
<td>$29.8K</td>
<td>7.6K</td>
<td>118.4K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/30/25</td>
<td>$410.00</td>
<td>$68.1K</td>
<td>2.7K</td>
<td>28.3K</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/23/25</td>
<td>$123.00</td>
<td>$26.0K</td>
<td>5.7K</td>
<td>9.3K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/06/25</td>
<td>$250.00</td>
<td>$78.0K</td>
<td>4.5K</td>
<td>3.6K</td>
</tr>
<tr>
<td>RGTI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$15.00</td>
<td>$28.6K</td>
<td>3.2K</td>
<td>2.3K</td>
</tr>
<tr>
<td>APLD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$5.00</td>
<td>$27.2K</td>
<td>5.7K</td>
<td>2.1K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$195.00</td>
<td>$226.8K</td>
<td>2.3K</td>
<td>1.0K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$455.00</td>
<td>$221.0K</td>
<td>2.0K</td>
<td>517</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$120.00</td>
<td>$34.9K</td>
<td>9.4K</td>
<td>453</td>
</tr>
<tr>
<td>INTU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$720.00</td>
<td>$446.0K</td>
<td>1</td>
<td>428</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 284 contract(s) at a $131.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $29.8K, with a price of $105.0 per contract. There were 7616 open contracts at this strike prior to today, and today 118427 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option trade that happens to be bullish, expiring in 7 day(s) on May 30, 2025. This event was a transfer of 213 contract(s) at a $410.00 strike. The total cost received by the writing party (or parties) was $68.1K, with a price of $320.0 per contract. There were 2797 open contracts at this strike prior to today, and today 28378 contract(s) were bought and sold. 
• For PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we notice a put option sweep that happens to be bearish, is expiring today. Parties traded 500 contract(s) at a $123.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $26.0K, with a price of $52.0 per contract. There were 5725 open contracts at this strike prior to today, and today 9362 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option sweep that happens to be bullish, expiring in 14 day(s) on June 6, 2025. This event was a transfer of 200 contract(s) at a $250.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $78.0K, with a price of $390.0 per contract. There were 4537 open contracts at this strike prior to today, and today 3628 contract(s) were bought and sold. 
• Regarding RGTI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>), we observe a call option sweep with bearish sentiment. It expires in 28 day(s) on June 20, 2025. Parties traded 173 contract(s) at a $15.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $28.6K, with a price of $165.0 per contract. There were 3226 open contracts at this strike prior to today, and today 2363 contract(s) were bought and sold. 
• For APLD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>), we notice a call option sweep that happens to be bearish, expiring in 602 day(s) on January 15, 2027. This event was a transfer of 69 contract(s) at a $5.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $27.2K, with a price of $395.0 per contract. There were 5717 open contracts at this strike prior to today, and today 2111 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with bullish sentiment. It expires in 56 day(s) on July 18, 2025. Parties traded 200 contract(s) at a $195.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $226.8K, with a price of $1134.0 per contract. There were 2383 open contracts at this strike prior to today, and today 1029 contract(s) were bought and sold. 
• Regarding MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we observe a call option trade with bearish sentiment. It expires in 84 day(s) on August 15, 2025. Parties traded 100 contract(s) at a $455.00 strike. The total cost received by the writing party (or parties) was $221.0K, with a price of $2210.0 per contract. There were 2070 open contracts at this strike prior to today, and today 517 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option trade that happens to be bullish, expiring in 84 day(s) on August 15, 2025. This event was a transfer of 57 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $34.9K, with a price of $613.0 per contract. There were 9420 open contracts at this strike prior to today, and today 453 contract(s) were bought and sold. 
• Regarding INTU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>), we observe a put option sweep with bearish sentiment. It expires in 56 day(s) on July 18, 2025. Parties traded 154 contract(s) at a $720.00 strike. This particular put needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $446.0K, with a price of $2850.0 per contract. There were 1 open contracts at this strike prior to today, and today 428 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

APLD

AVGO

INTU

MSFT

MSTR

PLTR

RGTI

10 Information Technology Stocks With Whale Alerts In Today's Session

BofA Securities on Thursday noted two key recently <a target="_blank" href="https://www.benzinga.com/topic/ai" rel="noreferrer noopener">announced AI scale-up</a> interconnect protocols: Nvidia Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) NVLink Fusion and the Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) backed open-standard Ultra Accelerator Link (UALink). The analyst noted that both are critical scale-up techs connecting AI accelerators (GPUs, ASICs) via fast, low-latency, and shared-memory networking, enabling the scaling of accelerators into large rack-scale systems.
The analyst said UALink is the industry&#8217;s latest effort to catch up to Nvidia&#8217;s proprietary NVLink technology, the chip maker&#8217;s key advantage in creating large rack-level systems.
UALink is an open-standard initiative formed by a consortium of industry leaders including AMD, Broadcom, Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), MediaTek, Alibaba (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>). 
Its primary goal is to provide an open alternative to Nvidia&#8217;s proprietary NVLink for AI scale-up interconnects. The UALink Consortium, founded in May 2024, now includes more than 70 member companies.
Also Read: <a target="_blank" href="https://www.benzinga.com/media/25/05/45572904/nvidia-powers-big-gains-for-quanta-pegatron-as-ai-demand-explodes" rel="noreferrer noopener">Nvidia Powers Big Gains For Quanta, Pegatron As AI Demand Explodes</a>
While UALink generally remains 1-2 generations behind NVLink, the analyst noted UALink as a significant step forward for the non-Nvidia ecosystem in potentially tackling the chipmaker&#8217;s dominance in AI scale-up from 2027 onward. The analyst now views Nvidia as the chip, software, and system leader.
Meanwhile, Nvidia&#8217;s NVLink Fusion partially opened up NVLink IPs to some of its ecosystem partners (excluding Broadcom and AMD), opening up ~$12 billion in networking TAM that Nvidia previously did not have access to, the analyst noted.
The analyst said AMD is a founding member of the UALink Consortium and has since contributed to creating this industry standard and its surrounding ecosystem.
With the MI400 generation targeted for the second half of 2026, AMD aims to begin designing rack-level AI systems with its ZT Systems tech. According to the analyst, UALink could provide its much-needed accelerator-to-accelerator and switching capabilities intra-rack.
Still, the analyst highlighted that the latest UALink 1.0 standard only supports up to 800GB/s bandwidth per accelerator, less than half the rate of the latest NVLink 5.0, 1.8TB/s.
Given that UALink compatible systems will likely ramp from 2027, Nvidia would ramp its NVLink 6.0-based Rubin systems, which implied that Nvidia would likely maintain its 1-2 generation advantage in AI scale-up networking, per the analyst.
Meanwhile, NVLink Fusion could expand Nvidia&#8217;s TAM in networking that is attached to custom accelerators. The analyst assumed custom silicon represents ~15% of ~$500 billion AI compute TAM, or ~$75 billion, by the calendar year 2029-30, and AI networking represents 15% of that, or ~$11 billion.
Similarly, NVLink Fusion opens up opportunities in non-Nvidia-based ARM CPU systems (such as from Qualcomm Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qcom#NASDAQ">QCOM</a>)), or ~$1 billion of networking TAM (15% of ~$5-6bn ARM CPU TAM), as per the analyst.
The analyst added that with NVLink Fusion, every end customer (hyperscalers) will have a choice between pairing their silicon with NVLink and UALink, an incremental benefit for Nvidia.
Nvidia&#8217;s NVLink, even with the partial openness of NVLink Fusion, is poised to remain the leading AI scale-up interconnect for the foreseeable future, driven by its technological lead and established ecosystem.
However, the analyst asserted that UALink&#8217;s emergence as an open standard backed by major industry players is a crucial development. The analyst added that it provides a viable alternative that could challenge Nvidia&#8217;s long-term dominance by fostering greater innovation and competition in the AI interconnect space.
The analyst stated that the coming years, particularly 2026 and beyond, will be critical in observing how UALink&#8217;s adoption accelerates and how Nvidia further evolves its proprietary technology.
Price Action: NVDA stock is trading lower by 2.05% to $130.11 at last check Friday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45548891/amd-could-see-eps-upside-by-2027-despite-nvidias-over-80-market-share-analyst" target="_blank" rel="noreferrer noopener">AMD Could See EPS Upside By 2027 Despite Nvidia&#8217;s Over 80% Market Share: Analyst</a></li>
</ul>
Image via Shutterstock

BABA

MRVL

QCOM

Emergence Of UALink As A Viable Alternative Could Challenge Nvidia's Dominance, Analyst Asserts

A top executive at Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) made a sizable open market purchase in the stock this week, signaling confidence in the chipmaker&#8217;s prospects, amid strengthening fundamentals and easing geopolitical pressures.
What Happened: According to the company&#8217;s SEC Form 4 filing, AMD&#8217;s Executive Vice President and Chief Commercial Officer, Phil Guido, acquired 8,800 shares in an open market transaction on Tuesday, at an average price of $113.56, bringing the total value of the transaction to $999,328.
Guido now directly owns 42,322 shares of AMD, a stake valued at approximately $4.6 million based on the latest stock prices.
See Also: <a href="https://www.benzinga.com/tech/25/05/45581375/microsoft-executive-says-companies-might-be-naming-ai-chiefs-but-they-risk-losing-momentum-in-the-artificial-intelligence-age-if-they-rely-on-individuals">Microsoft Executive Says Companies Might Be Naming &#8216;AI Chiefs&#8217; But They Risk Losing Momentum In The Artificial Intelligence Age If They Rely On Individuals</a>
While <a href="https://www.benzinga.com/sec/insider-trades/">insider buying</a> doesn't guarantee performance, it is often seen by investors as a positive signal of internal conviction in the company&#8217;s long-term performance.
In <a href="https://ir.amd.com/financial-information/sec-filings/content/0000002488-25-000080/wk-form4_1747685215.html">a</a> separate disclosure, AMD Chief Technology Officer Mark Papermaster exercised and sold 17,500 shares this month under a prearranged Rule 10b5-1 trading plan. This is essentially a setup that allows executives to sell stock at a predetermined price and schedule with a broker, thus insulating the transactions from insider trading concerns.
Why It Matters: This comes amid the company authorizing a fresh <a href="https://www.benzinga.com/news/buybacks/25/05/45410939/amd-stock-pops-on-6-billion-buyback-plan-us-tariff-ease">$6 billion in share buybacks</a> last week, alongside a string of other positive catalysts. 
Such as the easing of trade tensions with China, and the several <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45390422/trump-unveils-historic-and-transformative-600-billion-saudi-deal-predicts-markets-will-go-a-lot-higher">multi-billion dollar</a> commercial deals that were inked with Saudi Arabia. 
The stock had <a href="https://benzinga.com/25/05/45228066/amds-recovery-from-62-value-wipeout-faces-q1-earnings-test-can-it-break-long-term-resistance">shed 62% of its value</a> between March 2024 and April 2025, but has since mounted a recovery, and is up 22.48% over the past month. It still remains down by 8.22% year-to-date.
Price Action: AMD shares were down 1.20% on Thursday, trading at $110.71, and are up 0.36% after hours.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="136" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/23032043/Screenshot-2025-05-23-at-12.50.31-PM-1024x136.png" alt="" class="wp-image-925474" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/23032043/Screenshot-2025-05-23-at-12.50.31-PM-1024x136.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/23032043/Screenshot-2025-05-23-at-12.50.31-PM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/23032043/Screenshot-2025-05-23-at-12.50.31-PM-768x102.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/23032043/Screenshot-2025-05-23-at-12.50.31-PM-1536x204.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/23032043/Screenshot-2025-05-23-at-12.50.31-PM.png 1608w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, the stock fares well on Growth and Quality, but is ranked low on Momentum and Value. It also has a favorable price trend in the short and medium terms, but not in the long term. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock.
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/25/05/45580812/trump-may-want-a-recession-market-observers-say-it-serves-his-economic-agendalower-rates-inflation-and-trade-deficit">Trump May &#8216;Want&#8217; A Recession: Market Observer Says It Serves His Economic Agenda—Lower Rates, Oil Prices, And Trade Deficit</a></li>
</ul>
Photo courtesy: sdx15 / Shutterstock.com

Insider Trades

Top AMD Exec Adds Nearly $1 Million Of The Chipmaker's Stock: Signals Confidence Amid Buybacks, Easing Tariffs And Saudi Deal

The latest salvos from AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) suggest that the AI arms race is just heating up. As both chip giants make major moves, ETF investors might want to buckle up. The silicon showdown is powering up three key <a href="https://www.benzinga.com/etfs">ETFs with wide exposure to this high-stakes drama</a>.
Three ETFs With Front-Row Seats To The Chip Wars
Before jumping into the silicon slugfest, let&#8217;s examine where investors are quietly piling up for the next stage of AI-infused growth:
VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>)
Both Nvidia and AMD are among SMH&#8217;s top five holdings (with Nvidia enjoying the biggest chunk of the portfolio), making it the ETF for those seeking a taste of both old-school dominance and emerging underdog traction. With semiconductor demand surging, particularly in AI hardware, SMH provides a balanced means to bet on both sides of this GPU war. The fund price has surged more than 26% in the past month.
Global X Robotics &amp; Artificial Intelligence ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOTZ#NASDAQ">BOTZ</a>)
BOTZ is focused on the AI and automation ecosystem. With exposure to Nvidia and other players in the AI infrastructure space, this fund is well-placed to take advantage of the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45424189/nvidia-amazon-tesla-palantir-among-top-beneficiaries-of-1-trillion-saudi-arabia-ai-push-analyst-says" target="_blank" rel="noopener">Saudi Arabian $1 trillion AI initiative</a>, autonomous robotics growth, and accelerated chip adoption in enterprises. The fund is up more than 15% in the past month.
iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>)
SOXX moves into chipmakers fueling both data center acceleration and consumer tech demand. AMD&#8217;s RX 9060 XT and Nvidia&#8217;s new RTX 5060 make SOXX an ETF to consider for investors seeking exposure to the retail gaming space, a category often overlooked in the context of institutional AI mania. The ETF has gained more than 24% in the past month.
AMD: A Threadripper Awakening At Computex
At Computex 2025,<a href="https://www.benzinga.com/tech/25/05/45542185/amd-unveils-powerful-new-ai-gaming-chips-at-computex-to-challenge-nvidia"> AMD launched a trifecta of innovation</a>: the Radeon RX 9060 XT, the Radeon AI PRO R9700, and the Ryzen Threadripper 9000 Series. Based on AMD&#8217;s RDNA 4 architecture, the new GPUs introduce 1440p gaming, ML-upscaled upscaling, and second-gen AI acceleration to workstations and desktops, intriguing both gaming and enterprise communities.
AMD&#8217;s Q1 earnings flexed financial muscle to match: Revenue: $7.44 billion (+36% YoY), EPS: 96 cents (beat expectations), buyback: <a href="https://www.benzinga.com/news/buybacks/25/05/45410939/amd-stock-pops-on-6-billion-buyback-plan-us-tariff-ease">$6 billion approved</a>, taking total authorization to $10 billion.
Add to that a growing presence in hyperscaler contracts and strong analyst conviction, with Bank of America's<a href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45548891/amd-could-see-eps-upside-by-2027-despite-nvidias-over-80-market-share-analyst"> Vivek Arya recently giving AMD a $130 price target</a>, and you've got a comeback narrative investors can't ignore.
Nvidia: Still the King
While AMD arrived in Taipei with pricing and performance muscle, Nvidia slipped under the radar and reminded everyone who&#8217;s boss by inking a historic deal with <a href="https://www.benzinga.com/news/large-cap/25/05/45405067/saudi-arabia-bets-big-on-ai-teams-up-with-aws-and-nvidia">Saudi Arabia&#8217;s AI branch, Humain</a>. The deal stipulates that Nvidia will use 18,000 Blackwell chips to construct a Saudi supercomputer, part of a Vision 2030 master plan to establish Riyadh as a global AI hub.
xAI, Elon Musk&#8217;s AI initiative, indicated intent to initially deploy Nvidia GPUs &#8220;and some from AMD,&#8221; as Musk joked. Though that sounds more like &#8220;AMD in case of an emergency,&#8221; it&#8217;s a significant endorsement that the chipmaker is now viewed as a legitimate alternative in big-scale AI workloads.
Final Byte
With AMD aiming higher and Nvidia going global, ETFs like SMH, BOTZ, and SOXX aren't just passive plays, they&#8217;re strategic AI allocations in disguise. For investors looking to tap into the chip wars without rolling the dice on single names, these funds are battle-tested and portfolio-ready.
In the silicon arena, it&#8217;s no longer about who&#8217;s faster. It&#8217;s about who powers the future and who profits from it.
Read Next: 
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<li><a href="https://www.benzinga.com/news/global/25/05/45571270/byd-outsells-tesla-in-europe-but-these-etfs-still-back-elons-ev-empire">BYD Outsells Tesla In Europe, But These ETFs Still Back Elon&#8217;s EV Empire</a></li>
</ul>
Photo: Shutterstock

Sector ETFs

BOTZ

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Nvidia, AMD And The AI Arms Race: 3 Explosive ETFs To Watch Right Now

Thanks to the advent and proliferation of artificial intelligence, demand for memory products — specifically high-bandwidth memory (HBM) — has skyrocketed. Naturally, this framework suits semiconductor specialist Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), which delivers a range of advanced solutions. At the same time, the fiercely cyclical nature of the memory business, along with broader competitive pressures, facilitates trading opportunities on both sides of the sentiment spectrum.
On the optimistic front, the primary catalyst of MU stock centers on the underlying company's traction in the HBM market. Such components are heavily favored by companies in the AI accelerator business, such as Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>). HBM<a href="https://www.benzinga.com/news/24/01/36850517/nvidia-eyes-future-tech-secures-high-bandwidth-memory-for-2025-invests-in-ai-chatbot-developer-kore"> allows massive data throughput at low power</a>, which is essential for training large language models (LLMs).
Even better, Micron is<a href="https://in.benzinga.com/25/02/43952697/micron-expands-ai-chip-capabilities-with-faster-more-efficient-dram-for-next-gen-devices"> expanding its AI chip capabilities</a> with faster, more efficient DRAM products for next-generation devices. Earlier this year, the company announced that it shipped samples of its 1-gamma, sixth-gen (10-nanometer class) DRAM node-based DDR5 memory designed for advanced CPUs to ecosystem partners and select customers.
Fundamentally, the DDR5 — which is the latest generation of DRAM technology — is currently in an<a href="https://www.benzinga.com/25/03/44438250/micron-technology-post-2q-beat-memory-cyclical-debate-continues-signs-of-recovery-will-strengthen-analysts-say"> upgrade cycle</a>. As such, hyperscalers and enterprise customers may boost Micron's top line as they transition from DDR4. Here, Micron is well-positioned thanks to its leading-edge DRAM modules and solid-state drives optimized for cloud and AI workloads.
Still, not everything is aligned favorably for MU stock. It's no secret that memory is a brutally cyclical business. Both the DRAM and NAND markets suffer from notorious boom-bust cycles. Therefore, pricing rebounds could be short-lived if oversupply conditions materialize, which is essentially an occupational hazard. Plus, the nature of the industry is such that neither Micron nor its competitors command pricing power; instead, it's subject to supply and demand dynamics.
Unfortunately, such dynamics can be volatile, a matter that is exacerbated by geopolitical frameworks. In particular, strained relations with China impose a major challenge on MU stock. According to JPMorgan, the Chinese market accounts for about 20% to 25% of total DRAM<a href="https://www.wsj.com/tech/threat-of-chinese-overcapacity-looms-over-memory-chips-993fc70a"> demand</a> globally. Therefore, trade disputes could impact both the top and bottom line. As well, Chinese companies are ramping up domestic memory production, thus risking price deflation.
The Direxion ETFs: With Micron's trajectory caught in a sentiment crossroads, this reality opens trading prospects for Direxion's MU-focused exchange-traded funds. On one hand, bullish investors can opt for the Direxion Daily MU Bull 2X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MUU#NASDAQ">MUU</a>), which seeks the daily investment results of 200% of the performance of the namesake equity. On the other hand, pessimists may consider the inverse fund Direxion Daily MU Bear 1X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MUD#NASDAQ">MUD</a>).
Mainly, the MUU and MUD ETFs offer a convenient mechanism for speculation. Traditionally, those interested in leveraged wagers or short positions must engage the options market. Though derivatives feature much flexibility, they can be incredibly complex instruments. With Direxion ETFs, they can be bought and sold, much like any other public security, thus mitigating the learning curve.
At the same time, Direxion's leveraged and inverse funds are not without risk. First, these products tend to be much more volatile than standard, bread-and-butter investment vehicles. Second, these specialized ETFs are designed for exposure lasting no longer than one day. Holding the funds beyond this recommended period may lead to value decay due to the daily compounding effect.
The MUU ETF: Since the start of the year, the Direxion Daily MU Bull 2X Shares has slipped roughly 2%. However, it's been gaining significant steam in recent sessions.
<ul class="wp-block-list">
<li>In the trailing month, the MUU ETF gained over 81% of market value. In doing so, it brought the price action above its 50-day moving average (DMA).</li>
<li>One concern to watch is the contrast between rising price and declining volume levels. Subsequently, the next natural target is the $18 mark if MUU is to avoid technical damage.</li>
</ul>
<figure class="wp-block-image"><img loading="lazy" decoding="async" width="1030" height="631" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22080212/image-285.png" alt="" class="wp-image-924282" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22080212/image-285.png 1030w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22080212/image-285-300x184.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22080212/image-285-1024x627.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22080212/image-285-768x470.png 768w" sizes="(max-width: 1030px) 100vw, 1030px" /></figure>
The MUD ETF: While the Direxion Daily MU Bear 1X Shares started on the right foot, the inverse fund has collapsed recently, falling 28% since the January opener.
<ul class="wp-block-list">
<li>Most of the technical damage occurred in the trailing month, where the MUD ETF gave up more than 28% of market value.</li>
<li>The volatility has pushed the price action well below both the 50 DMA and the 20-day exponential moving average. MUD needs to regain the $25 level to instill confidence.</li>
</ul>
<figure class="wp-block-image"><img loading="lazy" decoding="async" width="1030" height="631" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22080212/image-285.png" alt="" class="wp-image-924283" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22080212/image-285.png 1030w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22080212/image-285-300x184.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22080212/image-285-1024x627.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22080212/image-285-768x470.png 768w" sizes="(max-width: 1030px) 100vw, 1030px" /></figure>
Featured image by <a href="https://pixabay.com/users/deeznutz1-3086161/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=8799921">Dee</a> on <a href="https://pixabay.com/illustrations/ai-generated-technology-circuits-8799921/">Pixabay</a>.

Short Ideas

Micron's High-Speed Memory Crossroad Drives Direxion's MU-Focused Bull And Bear ETFs

Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) shares were up nearly 2% on Wednesday before pulling back as the broader market turned lower. Here&#8217;s a look <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45550679/treasury-yields-top-5-these-20-stocks-tanked-in-just-one-hour">at what happened</a>.
What To Know: During an interview aired on CNBC's "Closing Bell: Overtime" on Tuesday, Elon Musk stated that Tesla and xAI will continue purchasing "a lot" of GPUs from both Nvidia and AMD, as long as they outperform in-house chip efforts. 
He highlighted xAI's Memphis-based training cluster powered by over 200,000 GPUs and confirmed plans to build a new facility housing one million Nvidia Blackwell GPUs.
The news <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45531583/amd-nvidia-shares-jump-after-musk-highlights-xais-gpu-needs-we-expect-to-still-buy-a-lot">caused a spike</a> in shares of the chip stocks after hours, which carried into Wednesday&#8217;s trading session. 
Separately, AMD announced a lineup of new hardware at Computex 2025, which appeared to spur buying activity in AMD shares. 
The company <a href="https://www.benzinga.com/tech/25/05/45542185/amd-unveils-powerful-new-ai-gaming-chips-at-computex-to-challenge-nvidia">introduced</a> its Radeon RX 9060 XT and Radeon AI PRO R9700 GPUs, built on the RDNA 4 architecture, with a focus on 1440p gaming, AI inference and workstation applications. AMD also launched the Ryzen Threadripper 9000 and 9000 WX-Series processors, aimed at high-end desktops and professional use cases.
Despite the bullish momentum, AMD stock rolled over with the broader market Wednesday afternoon after a<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45550679/treasury-yields-top-5-these-20-stocks-tanked-in-just-one-hour"> weak 20-year bond auction</a> led to a spike in Treasury yields above 5.08%. Traders also appeared to react to a new budget bill that could worsen the U.S. deficit. 
AMD Price Action: Despite the strong move in AMD shares to start the day, the stock tumbled in afternoon trading and closed Wednesday&#8217;s session down 1.28% at $112.06, according to<a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2"> Benzinga Pro</a>.
Read Next:
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</ul>
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45550679/treasury-yields-top-5-these-20-stocks-tanked-in-just-one-hour">Treasury Yields Top 5%: These 20 Stocks Tanked In Just One Hour </a></li>
</ul>
Image via Shutterstock.

What Happened To AMD Stock Today?

Advanced Micro Devices Inc. (NASDAQ: AMD) and NVIDIA Corporation (NASDAQ: NVDA) have been rivals in the graphics card space for years. After Nvidia&#8217;s dominant position, AMD may have a <a href="https://www.benzinga.com/tech/25/05/45542185/amd-unveils-powerful-new-ai-gaming-chips-at-computex-to-challenge-nvidia">strong competitor coming</a>.
What Happened: AMD highlighted new products <a href="https://www.benzinga.com/25/05/45488816/jensen-huang-electrifies-computex-2025-with-ai-masterplan-rtx-5060-dgx-station-nvidia-constellation-and-more-revealed-we-realize-now-were-an-infrastructure-ai-company">at Computex 2025</a>, including its Radeon RX 9060 XT and Radeon AI Pro R9700 graphics cards.
The new graphics cards will bring AI capabilities to workstations and gamers worldwide and increase AMD&#8217;s competition with Nvidia.
Tech reviewer Tom's Guide <a href="https://www.tomsguide.com/computing/gpus/amds-radeon-rx-9060-xt-is-a-direct-shot-at-nvidias-rtx-5060-heres-why-i-think-it-will-hit-the-bullseye">said </a>the RX 9060 XT&#8217;s release is a "direct shot" at Nvidia's RTX 5060. The reviewer believes AMD's product could "hit the bullseye" in the competitive race.
The new AMD GPU received a strong review, with AMD calling the Radeon RX 9060 XT the "world's best graphics card under $350." The new graphics card will be available for sale on June 5 and has a starting price of $299.
Tom's Guide breaks down the comparison between the RX 9060, priced at $299 for the 8GB model and $349 for the 16GB model, and the RTX 5060 8GB, priced at $299, and the RTX 5060 Ti, priced at $379 and $429 for the 8GB and 16GB models, respectively.
"The first bit that is clear is you're getting more for your money – 6% faster gaming based on testing 40 of the most played games, and 15% better gaming performance per dollar vs the 5060 Ti," the reviewer said.
Read Also: <a href="https://www.benzinga.com/news/earnings/25/05/45237261/amd-q1-earnings-revenue-eps-beat-driven-by-expanding-data-center-ai-momentum-chipmaker-expects-strong-growth-in-2025">AMD Q1 Earnings: Revenue, EPS Beat Driven By Expanding Data Center, AI Momentum, Chipmaker Expects &#8216;Strong Growth&#8217; In 2025</a>
Why It's Important: According to the report, AMD is catching up fast to Nvidia in the GPU race and it could be coming at a perfect time.
The new GPUs also come with increased interest from larger technology companies like xAI. Elon Musk, who leads xAI, said they <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45531583/amd-nvidia-shares-jump-after-musk-highlights-xais-gpu-needs-we-expect-to-still-buy-a-lot">expect to buy</a> many GPUs from Nvidia and "some from AMD."
Elon Musk has indicated that Nvidia GPUs will be first, but if they&#8217;re unable to secure enough, AMD is fine, too. While this isn't the charming recommendation that AMD would love to have as a market leader, it could show that the company is catching up to Nvidia in the space.
While the retail crowd may be smaller for revenue, the race between RX 9060 and RTX 5060 for market share among gamers and reviewers and whether the prices stay at the suggested retail price and in stock and retailers could all be items to watch in this AMD vs. Nvidia battle.
When it comes to share price, Nvidia has held the advantage in recent times. Nvidia stock is up 38.1% over the last month, down 8.8% in six months, down 3.3% year-to-date in 2025 and up 40.2% over the last 12 months.
For AMD, the stock is up 31.9% over the last month, down 17.9% in six months, down 6.4% year-to-date in 2025 and down 31.4% over the last 12 months.
For AMD, the new graphics cards could mark a key moment in company history. Time will tell if they were able to compete with the giant Nvidia.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/general/education/25/05/45504571/does-jensen-huang-check-nvidia-stock-price-daily-2">Does Jensen Huang Check Nvidia Stock Price Daily?</a></li>
</ul>
Photo: Shutterstock

AMD Takes On Nvidia With 'Direct Shot' At GPUs: Reviewer Says RX 9060 Could 'Hit The Bullseye'

Bank of America Securities analyst Vivek Arya maintained a Buy rating on Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) with a <a href="https://www.benzinga.com/quote/AMD/analyst-ratings" target="_blank" rel="noreferrer noopener">price target of $130</a> on Tuesday.
The company benefits from continued Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) CPU share gains in server and PC, a rising tide in AI with higher content from upcoming rack-scale pipeline, along with related Middle East $10 billion multi-year contracts, and cyclical recovery, the analyst noted.
Arya&#8217;s segment analysis shows:
<ul class="wp-block-list">
<li>EPS power of $6.44 and $8.52 in the calendar year 2026 and 2027, or 15% and 20% above the Street consensus</li>
<li>A breadth of ownership across large-cap US active fund managers falling to only ~23% (versus May 2024 peak of 40%+ ownership)</li>
<li>Relative weightage versus SPX of only 0.2 times (versus a peak of 0.8 times year-on-year), as per the analyst&#8217;s BofA strategy data.</li>
</ul>
Valuation at just 20 times and 16 times PE on current calendar year 2026 and 2027 consensus (or 18 times and 13 times PE on Arya&#8217;s EPS power scenario) seems too compelling for a high-quality compute franchise with consistent management execution capable of growing topline 20%+ and adjusted EPS 30%+ for the next few years as per Arya.
Also Read: <a href="https://www.benzinga.com/tech/25/05/45542185/amd-unveils-powerful-new-ai-gaming-chips-at-computex-to-challenge-nvidia" target="_blank" rel="noreferrer noopener">AMD Unveils Powerful New AI, Gaming Chips At Computex To Challenge Nvidia</a>
The analyst also flagged AMD&#8217;s recent $6 billion addition to its buyback program.
Even though Arya expects Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) (80%+ share) and custom chips (10-15% share) to dominate, he noted AMD could be a credible 3%-4% share of the over $300 billion-$400 billion TAM in AI accelerator.
He said many customers have significant internal workloads and compute requirements for internal teams, and AMD can play an essential role.
Arya noted that the company&#8217;s recent acquisitions of rack-scale systems and improved software position it well, and it has received several public recognitions at Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), xAI, and others.
He expects AMD to showcase an impressive set of partners and AI pipeline across accelerators, systems, software, CPU, and networking at its upcoming June 12 AI event.
Overall, Arya noted potential upside in each of the following end markets Data Center CPU, Data Center GPU, Client/PC CPU, Gaming Consoles, and Embedded for an aggregate sales upside of ~$6.6 billion by calendar year 2027.
Price Action:&nbsp;AMD stock traded higher by 1.76% to $115.46 at Wednesday&#8217;s last check.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/asset-sales/25/05/45522354/intel-eyes-exit-from-networking-and-edge-business-to-refocus-on-pc-data-center-dominance-report" target="_blank" rel="noreferrer noopener">Intel Eyes Exit From Networking And Edge Business To Refocus On PC, Data Center Dominance: Report</a></li>
</ul>
Image: Shutterstock

ORCL

AMD Could See EPS Upside By 2027 Despite Nvidia's Over 80% Market Share: Analyst

Press Releases

AMD Announces Press Conference at Computex 2025

Earnings

AMD Reports First Quarter 2025 Financial Results

AMD to Host Annual Meeting of Stockholders

General

AMD Unveils EPYC 4005 Series Processors, Delivering Workload-Optimized Solutions for Entry-Level Enterprise

AMD and HUMAIN Form Strategic, $10B Collaboration to Advance Global AI

AMD Announces New $6 Billion Share Repurchase Authorization

SANMINA ANNOUNCES ACQUISITION OF DATA CENTER INFRASTRUCTURE MANUFACTURING BUSINESS OF ZT SYSTEMS FROM AMD

Contracts

AMD Announces Agreement to Divest ZT Systems Data Center Infrastructure Manufacturing Business to Sanmina

Red Hat and AMD Strengthen Strategic Collaboration, Expand Customer Choice for AI and Virtualization Across the Hybrid Cloud

AMD Introduces New Radeon Graphics Cards and Ryzen Threadripper Processors at COMPUTEX 2025

SANM

Analog Devices

Astera Labs

Arm Holdings plc - American Depositary Shares

ARM Holdings

ASE Technology Holding Co., Ltd. American Depositary Shares (each representing Two Common Shares)

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Advanced Micro Devices

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