Morgan Stanley analyst Joseph Moore says AMD‘s (AMD) investor day presenting a growth vision built around the accelerating impact of AI across every major market was “positive and well constructed,” but with “few surprises.” AMD’s projection of a 35% total revenue compound annual growth rate over the next 3-5 years and its long term earnings model “seems roughly consistent” with the firm’s nearer term numbers, but MI350 market share assumptions are going to be the “key variable,” adds the analyst, who maintains an Equal Weight rating and $260 price target on AMD shares.
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