CEO Lisa Su said that data center sales are expected to accelerate rapidly into the 2nd half of the year, setting a pathway to over USD 20 per share in annual earnings.
However AMD's capex more than doubled this quarter to USD 808 million. This is due to ramping up of Helios rack scale platforms.
At a P/E ratio of 160x , AMD is priced for perfection. I would prefer to wait for the post earnings euphoria to cool down and buy AMD at a better price.
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