News - نمو AMD: رهان محفوف بالمخاطر لعام 2028؟

In 2026, AMD's stock has witnessed an impressive 120% surge, a testament to its aggressive leap in the AI-driven tech arena. Despite the shadow cast by its competitor Nvidia, AMD has carved a niche with its data center services showing a significant 107% rise in revenue annually. This uptick, however, is partly due to the market dynamics stemming from the temporary export restrictions on AI chips to China in 2025, altering the company's true growth picture. The company's aggressive plans, laid out last year, aim to achieve a compound annual growth rate (CAGR) of 35% over three to five years, hinging on the success of data center sales anticipated to grow by 80% annually. The encouraging Q2 growth may suggest it's on track, but volatility in such markets makes these future projections uncertain. Despite these promising plans, AMD's current valuation is striking. Trading at 120 times its earnings makes it significantly higher than Nvidia, which sits at 30 times earnings, creating skepticism about AMD's stock pricing. Looking forward to 2028, even if AMD reaches its revenue target of $87.5 billion and aligns with a more realistic 30 P/E ratio, its market cap could actually indicate a dip below its current level of $768 billion. Given these dynamics, potential investors should tread with caution. If AMD sticks to its growth trajectory without the corresponding market reevaluation of its stock's P/E ratio, investing $10,000 today could yield less by 2028. The hopes pinned on AMD's future growth seem already enveloped within its present stock price, suggesting the market might not reward these anticipated gains.