AMD (AMD) Solidifies Lead Over Intel - Cowen

Cowen analyst Matthew Ramsay reiterated an Outperform rating and $40.00 price target on AMD (NASDAQ: AMD) on the belief that AMD has a minimum 1-year advantage over Intel on 7nm. The analyst attended AMD's Rome Launch and was impressed with both the technical specs and breadth of partnerships.

The analyst stated "we anticipate Rome will begin a series of strong quarters of share gains starting in 3Q19 with strong 2H ramps at Amazon, Microsoft, and Google to be catalyzed by the newly introduced suite of 7nm Rome products. As such we anticipate AMD should push toward 10% server share in early 2020 and exit 2020 with roughly 15% share. AMD's 7nm rollout comes as Intel struggles with its own roadmap, with its comparable 10nm Ice Lake server CPUs not expected to ramp in volume until 2H20".

For an analyst ratings summary and ratings history on AMD click here. For more ratings news on AMD click here.

Shares of AMD closed at $30.85 yesterday.

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