Analyst Joseph Moore from Morgan Stanley maintained a Hold rating on Advanced Micro Devices and keeping the price target at $260.00.
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Joseph Moore has given his Hold rating due to a combination of factors that reflect both opportunities and uncertainties for Advanced Micro Devices. The company’s recent investor day highlighted a promising growth strategy centered around AI, with AMD aiming to capitalize on its leadership in compute technology and data centers. The ambitious projections for revenue growth and market share in AI are impressive, but the execution risks and competitive landscape, particularly in the GPU market, present challenges.
While AMD’s strategic acquisitions and R&D investments position it well for future growth, the lack of significant new information about its data center GPU offerings and the reliance on assumptions about market share gains introduce uncertainty. As a result, Moore’s Hold rating suggests a cautious approach, acknowledging AMD’s potential while also considering the competitive pressures and execution risks that could impact its performance.
In another report released on November 10, Bernstein also maintained a Hold rating on the stock with a $200.00 price target.