AMD initiated with a Buy at Roth MKM

Roth MKM initiated coverage of AMD with a Buy rating and $125 price target. AMD’s differentiated portfolio of high-performance compute and networking processors and accelerators represents a strong investment opportunity, the analyst tells investors in a research note. AMD is well-positioned from a product portfolio perspective to address the growing data center infrastructure market, and the firm’s checks indicate that AMD is poised to gain further share in the cloud server market and is making further inroads in the enterprise market.