Form SC 13G/A ADVANCED MICRO DEVICES Filed by: BlackRock Inc.
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Phillip Securities Upgrades AMD (AMD) to Accumulate, 'We expect overall revenue growth in the near term to be driven by robust AI- related demand'
February 5, 2024 9:16 AM ESTPhillip Securities analyst Jonathan Woo upgraded AMD (NASDAQ: AMD) from Neutral to Accumulate with a price target of $195.00 (from $110.00).
The analyst comments "We double our FY24e PATMI estimates to US$3.4bn due to expanding margins from higher contribution of DC... More
AMD (AMD) Mentioned Positively at Northland
February 5, 2024 6:47 AM ESTNorthland Capital Markets analyst Gus Richard reiterated an Outperform rating and $195.00 price target on AMD (NASDAQ: AMD)
The analyst comments "MD reset expectations for AI revenue, and 1H non-AI weakness is now in estimates. AMD/ATI and NVIDIA have dominated the GPU market for over 20 years, and as AMD has turned its attention to the AI GPU market, we expect share gains to accelerate. In the near term, we believe AMDs AI revenue is likely production-limited, but AMD will probably get more than 20% of the AI GPU market over time.... More
