After having attended AMD‘s (AMD) analyst day event, BofA notes rack-scale execution, operating expense prudence, and the lack of an effective networking portfolio remain risks, but argues that AMD’s “strong” AI roadmap and annual product/rack cadence could help it reach its 10%-pluse AI share target in “one of the fastest growing end markets in semis history.” The firm maintains its Buy rating and $300 price target on AMD shares.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMD:
- AMD’s Strategic Growth and Market Expansion Justify Buy Rating
- AMD’s Growth Potential Balanced by Market Challenges and Supply Constraints: A Hold Rating Analysis
- AMD’s Analyst Day highlights strong long-term targets, says Goldman Sachs
- AMD price target raised to $285 from $275 at Mizuho
- AMD MI350 market share assumptions to be ‘key variable,’ says Morgan Stanley