【Earnings Preview】Is AMD's growth just beginning? Keep an eye on the new 2.5/3D AI chips.

Revenue in 23Q4 increased by 9.64% year-on-year to $6.139 billion, with an EPS expected to increase by 2498.00% year-on-year to $0.26.
According to moomoo, the market is expecting revenue in 23Q4 to increase by 9.64% year-on-year to $6.139 billion, and EPS to increase by 2498.00% year-on-year to $0.26.

80.00% of analysts have a bullish rating, with an average target stock price of $157.23.
According to moomoo, the average target stock price presented by analysts is $157.23, approximately 13% lower than the current price. Among 40 analysts, 80.00% recommend a bullish stance, 20.00% recommend hold, and none recommend bearish.

What is the 2.5/3D chip? What is its impact on ai datacenters?
2.5/3D chips are a new generation of semiconductor chips that exceed the limits of traditional flat chips. By integrating multiple chiplets and dies into one package, it enables higher performance, lower power consumption, and optimized space.

AMD's new MI300X series released on December 6, 2023, is an example of a 3D chip equipped with advanced memory technologies like HBM3, offering a total memory of up to 192GB and a bandwidth of 5.6TB/s, significantly improved from previous generations.

These 3D chips are optimal for AI data centers and HPC applications, requiring high computational power, advanced memory, and wide bandwidth to handle complex and demanding AI or model training workloads.

2.5/3D stacking technology is essential to meet the performance requirements and high demand of AI and data center applications. Driven by HPC applications, the market for these technologies is rapidly growing and expected to reach $107.48 billion by 2033. This market demands 3D chip technology.