XLNX - AMD: Here's What I Am Doing After Another Blowout Earnings
- AMD is no longer an "underdog", and future growth projections do not necessarily justify its current valuation. In this note, we review AMD's Q3 results and guidance.
- Furthermore, I provide a pro-forma valuation of AMD (+Xilinx). The easy money has been made in AMD over the last six years, and future returns may look very different.
- AMD is a decent buy at $122, however, potential investors should buy through Xilinx at $185 (a discounted proxy for AMD) (after Dr. Lisa Su's reassurances about the merger).
For further details see:
AMD: Here's What I Am Doing After Another Blowout Earnings