Barclays analyst Blayne Curtis raised the firm’s price target on AMD (AMD) to $145 from $90 and keeps an Overweight rating on the shares following the company’s data center and artificial intelligence event. AMD covered the Bergamo launch and unveiled the MI300X GPU, the analyst tells investors in a research note. The firm says Bergamo was well anticipated but the MI300X “nudges” AMD’s artificial intelligence roadmap “in the right direction.” The overall message is that the AI market is very large and AMD has an opportunity to take some share from Nvidia (NVDA), contends Barclays.
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Published first on TheFly
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