Reported 2 days ago
Advanced Micro Devices Inc. (AMD) is gaining traction as it launches new AI GPUs, prompting Citi analyst Christopher Danely to raise the price target to $120. Despite concerns over profitability due to AI product margins, AMD's upcoming 'Advancing AI' event and its product launches are expected to attract new customers. The analyst anticipates AMD will improve its market position, particularly with the MI355X and MI400, while competing against Nvidia. Recent trends indicate strong sales momentum and potential profitability recovery, making AMD one of the top tech stocks to watch.
Source: YAHOO