Advanced Micro Devices was downgraded at Credit Suisse to underperform from neutral. $3 price target. Profitability continues to be challenging, Credit Suisse said.
Advanced Micro Devices was downgraded at Morgan Stanley to underweight. $2.50 price target. Console margins appear to be lower than previously thought, Morgan Stanley said.
36% operating margin is pretty good and it is only going to improve over time. just buy and keep. This is going to be profitable at the mid point of the revenue increase in Q3. Their revenue from the server and PC sales has also increased. I could see why. I wouldn't be surprised if it pops back up next week. It was 39% without much of gaming sales this quarter. It is only 3% less.
yeah - but a 22% revenue boost will be needed to do so - this might work in Q3 and Q4 during the initial ramp up of the console business but will be over as soon as Q1 2014 and WON'T be repeatable going forward as volumes will decline significantly from the initial ramp up requirements