UBS analyst Timothy Arcuri lowered the firm’s price target on AMD (AMD) to $150 from $155 and keeps a Buy rating on the shares. AMD’s results were at the high end of expectations and revenue was effectively guided 10% above Street estimates, driven by accelerating share gains directly at the expense of Intel (INTC), especially in the richer segments of the PC market, the analyst tells investors in a research note. The firm remains constructive on the overall data center capex and AI backdrop into 2026.
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