Reported 2 days ago
Analyst Frank Lee from HSBC has raised his price target for Advanced Micro Devices Inc (NASDAQ:AMD) to $200, predicting the company could earn $8 billion in AI revenues this year. He notes improved visibility and positive feedback surrounding the new MI355 chip, which could signal a significant turnaround in AMD's AI revenue. With the company continuing to grow in the data center segment, especially in GPU and CPU sales, AMD's competitive edge over rivals like Nvidia and Intel sets the stage for further expansion in the market.
Source: YAHOO