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tipranks.comNOV 23 min read$AMD

AMD vs. QCOM: One Chip Stock Is a Buy, the Other Isn’t Ready Yet, Says Top Analyst Ahead of Earnings

AMD (AMD) and Qualcomm (QCOM) face memory supply challenges ahead of earnings. AMD shares rose 2026 on data center and AI demand, while QCOM lagged. Analyst Stacy Rasgon expects AMD's Q3 revenue at $13.1B, EPS at $1.96, and forecasts strong server sales. He rates AMD Outperform with a $650 target. For QCOM, Rasgon predicts Q3 revenue at $10.1B, EPS at $2.15, and cuts fiscal 2027 estimates due to smartphone declines. He rates QCOM Market-Perform with a $155 target.

Original reporting
tipranks.com
Published Nov 2, 2026, 5:33 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Nov 2, 2026, 6:09 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About AlphAI AI DeskScoring methodologyReport an issue
AlphAI market briefEarnings
Primary signal
$AMD
Bullish
high confidence
Mentioned
$AMD · $QCOM
Relevance
7/10
AlphAI data visualization · based on tipranks.com
Decision brief

The 30-second read

$AMDBullishHigh
01

Why it matters

The divergent ratings create immediate trading opportunities: long AMD, short or avoid QCOM.

02

Market read

New analyst actions before earnings provide actionable signals for both stocks.

03

What to watch

AMD's AI accelerator rollout timing and OpenAI/Meta warrant could offset PC weakness.

Relevance 7/10Novelty 7/10Timing: pre‑market today

Background

Analyst preview comparing AMD and Qualcomm ahead of their Q3 earnings, focusing on memory‑driven market conditions.

Company-level read

Ticker impact

$AMDBullishHigh confidence
Context

Bernstein analyst Stacy Rasgon upgrades AMD to Outperform with a $650 price target ahead of its earnings report.

Expected impact

likely upward pressure as traders price in the buy rating and target.

Evidence & confidence

The upgrade is new, precedes earnings and includes a specific price target, giving traders a clear actionable cue.

$QCOMBearishHigh confidence
Context

The same analyst keeps QCOM at Market‑Perform and cuts the price target to $155 ahead of its earnings.

Expected impact

potential sell pressure as the lower target signals weaker outlook.

Evidence & confidence

Target reduction is fresh information before earnings, providing a clear trade signal.

Market effects

Sector

Both chips face memory‑price pressure; AMD may benefit from data‑center demand while Qualcomm remains tied to smartphones.

Regional

U.S. semiconductor sector may see mixed moves ahead of earnings season.

Global

Signals broader tech valuation adjustments ahead of Q3 earnings.

Counterpoint

What could challenge this read

If memory constraints ease, Qualcomm could rebound faster than implied.

Key entities

  • Analyst
    Stacy Rasgon

    Bernstein senior analyst providing the ratings and targets.

Read at source← All news

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