Cantor Fitzgerald analyst C.J. Muse initiated coverage of AMD (AMD) with an Overweight rating and $190 price target as the firm initiated coverage on 18 names in the Semiconductor & Semiconductor Equipment industries. The firm views AMD as a key beneficiary of the market’s search for alternatives to Nvidia (NVDA) in accelerated computing, the analyst tells investors in a research note. The firm sees buyside continuing to push to an estimated $6 in EPS as a stretch goal.
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