Wells Fargo raised the firm’s price target on AMD to $150 from $120 and keeps an Overweight rating on the shares following the company’s launch of the Genoa-X and Bergamo Zen 4/4c EPYC server CPUs; preview of MI300X GPUs. More importantly/incremental, AMD also positively highlighted the expanding breadth of the company’s data center portfolio, and positioning to capitalize on a rapidly growing AI opportunity, the firm adds.
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