Baird analyst, Tristan Gerra, reiterated his Outperform rating on shares of AMD (NASDAQ: AMD) after the existing design win base proved sufficient for EPYC to meet or exceed its targeted market share while design win activity continues to expand.

The analyst stated "multiple product ramps should continue to fuel market share growth in 4Q and throughout 2018 for both CPUs and GPUs, in our view. We see strong emerging demand for Radeon VX Vega for machine learning and other supercomputing applications.

No change to the price target of $20.

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 $14.25 yesterday.