$AMD

$AMD is still not overvalued.. Key assumptions: - $AMD and $GS see datacenter compute TAM at $1 trillion. GPU-to-CPU ratio will move toward 1:1 and an average GPU will be 6x the price of an average CPU. So, revenue share between CPUs and GPUs will be 1:6 resulting in roughly $143 billion CPU TAM. - CPU TAM allocation between x86 and $ARM will be 75-25 and $AMD will capture 50% x86 revenue share, and thus generate $53 billion segment revenue. - AI accelerator TAM allocation will be 20% ASIC and 80% GPU, resulting in $685 billion GPU TAM. - $AMD will reach 10% market share, and thus generate roughly $68 billion segment revenue. - $AMD non-DC revenues will grow 15% annually by 2030, giving us $36 billion non-DC revenue in 2030. In total, $AMD will generate roughly $157 billion in reven