AMD Tokenized Stock is trading at $443.63, below its short- and medium-term moving averages, while momentum remains soft and Binance taker flow is still leaning toward selling. The underlying AMD e...
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AMD has a split story right now: the underlying U.S. equity just posted a strong third quarter, while the Binance-listed tokenized instrument remains technically weak. According to the Reuters report carried by Investing.com on November 3, AMD said revenue rose to $13.38 billion, up 45% year over year and above guidance, while data center revenue jumped 97% year over year and 27% sequentially. Lisa Su also said AMD expects overall revenue to rise more than 80% in 2027, with about 80% of next year’s sales coming from data-center chips. citeturn0search0
That fundamental backdrop has pushed several analysts to raise targets. On November 9, Oppenheimer upgraded AMD to Outperform with a $600 target, citing strong data center performance and accelerating AI chip sales. HSBC lifted its target to $540 from $500 on November 5 while staying Hold, and other recent targets cited by Investing.com include DA Davidson at $600, StoneX at $685, TD Cowen at $675, and RBC at $540. CNBC reported on November 4 that AMD beat third-quarter expectations with adjusted EPS of $2.09 versus $1.95 expected, and revenue of $13.38 billion versus $13.09 billion consensus. citeturn0search1turn0search2
The Binance futures instrument is not trading like a stock that has fully absorbed that earnings strength.
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