Susquehanna analyst Christopher Rolland updated shares of Advanced Micro Devices Inc. AMD,
on Wednesday after a positive neutral report after better-than-expected earnings management for Intel and INTC for Intel Corp.
admitted last week that it would have to delay the release of its 7-nanometer chips. “As stock shifts appear to be accelerating in AMD̵
7;s case and the competitive gap is widening, we can no longer patiently wait,” Rolland wrote in a note to clients. He expects AMD to see a 20% share of the server market by 2023, an increase from a single-digit share today, and a 35% share of laptops, an increase of about 20% today. “Overall, with a little luck, we will imagine more than $ 3 EPS in 2023 and a bullish case for almost $ 5 in 2025,” he wrote. Shares of AMD rose 11% in premarketing trades on Wednesday and gained 47% this year. S&P 500 SPX,
at that time decreased by 0.4% and the SOX index of the PHLX semiconductor index,