AMD Is Rising Above Competition, Gains Significant Market Share In MPU Units: Analyst

-4.81% Pre

-3.86% Pre

-4.30% Pre

Advanced Micro Devices, Inc.

AMD

210.78

211.94

-4.81%

+0.55% Pre

Arm Holdings

ARM

130.89

127.10

-3.86%

-2.90% Pre

Intel Corporation

INTC

37.81

38.37

-4.30%

+1.48% Pre

Citi analyst Christopher Danely reiterated a Buy rating on Advanced Micro Devices, Inc (NASDAQ:AMD).

Also Read: AMD To Surpass $2B GPU Revenue Target in 2024 - Analyst

Mercury Research released estimates for 3Q23 microprocessor shipments and market share this week.

Total 3Q23 MPU units were up 12.2% quarter-on-quarter, above seasonality of down 1.9% Q/Q, driven by a recovery in notebook and desktop PCs.

AMD gained market share over Intel Corp (NASDAQ:INTC) and Arm Holdings Plc (NASDAQ:ARM).

AMD gained 205 basis points and has 17.7% of the overall MPU unit share, while Intel lost 184 basis points and has 72.1%.

ARM lost 21 basis points of unit share and achieved 10.2% in overall MPU unit share.

Danely projects CY23 and CY24 EPS of $1.85 (consensus $1.83) and $3.20 (consensus $3.10).

Price Action: AMD shares traded lower by 1.62% at $116.64 on the last check Monday.

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