Reported 1 day ago
Truist Securities has upgraded Advanced Micro Devices (AMD) from Hold to Buy, increasing the price target from $173 to $213, driven by strong demand from data centers and growth in the AI sector. Analyst William Stein highlights AMD's shift from being viewed as a competitor to Nvidia to a genuine partner for hyperscalers, indicating an anticipated 10% market share in GPUs and a forecasted EPS of $7.89 for 2027. The recently launched MI355 chip is expected to further contribute to the company's growth.
Source: YAHOO