AMD maintains '2-step lead over its competitors,' says JPMorgan 05:45 AMD AMD at its analyst day offer a long-term financial model for 2025 calling for 20% revenue growth annually and 57% gross margin, which implies $7.60 of earnings per share power in 2025, JPMorgan analyst Harlan Sur tells investors in a research note. The company's "solid execution" of its technology and product roadmaps over the past several years has set it up to "maintain a 2-step lead over its competitors," says the analyst. He believes AMD is currently seeing solid share gains, strong revenue growth, and a higher profitability profile. Additionally, the recent acquisition of Xilinx is not only lifting its revenue and margin profile but also opening up new opportunities in markets that AMD had not addressed in the past, representing over $100B in incremental total addressable market in 2025, notes Sur. He keeps a Neutral rating on the shares with a $140 price target.