Mizuho lowered the firm’s price target on AMD (AMD) to $140 from $160 and keeps an Outperform rating on the shares following the earnings report. AMD did not guide 2025 artificial intelligence server revenue, but noted that first half of 2025 revenue will be flat with the the second half of 2024 and that is sees the second half of 2025 better with MI355X. Mizuho reduced its AMD 2025 AI Server revenue estimate to $8.8B from $9.4B.
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