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1、 Baptista ResearchBaptista Research10-02-2025Advanced Micro Devices,Inc.(AMD)Industry View:In-LineStock Rating:HoldPrice Target:$122.5Current Price:$110.2Shares Outstanding:1,620.48 MMAverage Daily Volume(3 months):37.99 MM52-Week High:$227.3052-Week Low:$106.50Objective Of The ReportCompany Overvie

2、wAdvanced Micro Devices,Inc.operates as a semiconductor company worldwide.It operates through four segments:Data Center,Client,Gaming,and Embedded.The company offers artificial intelligence(AI)accelerators,x86 microprocessors,and graphics processing units(GPUs)as standalone devices or as incorporate

3、d into accelerated processing units,chipsets,and data center and professional GPUs;and embedded processors and semi-custom system-on-chip(SoC)products,microprocessor and SoC development services and technology,data processing units,field programmable gate arrays(FPGA),system on modules,smart network

4、 interface cards,and adaptive SoC products.It provides processors under the AMD Ryzen,AMD Ryzen AI,AMD Ryzen PRO,AMD Ryzen Threadripper,AMD Ryzen Threadripper PRO,AMD Athlon,and AMD PRO A-Series brands;graphics under the AMD Radeon graphics and AMD Embedded Radeon graphics;and professional graphics

5、under the AMD Radeon Pro graphics brand.Baptista Research looks to evaluate the different factors that could influence the companys price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow(DCF)methodology.In this report,we have carried o

6、ut a fundamental analysis of the historical financial statements of the company.We have added reasonable forecasts of the annualized income statement and cash flows and carried out a DCF valuation of the company using its Weighted Average Cost of Capital(WACC)to determine a forecasted share price.We