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Evercore ISI starts 'accelerating AI play' AMD (AMD) at Outperform

April 16, 2024 9:07 AM EDT

(Updated - April 16, 2024 9:09 AM EDT)

On Monday, Evercore ISI initiated coverage on AMD (NASDAQ: AMD), assigning an Outperform rating with a $200 price target. The firm highlighted AMD's advantageous position in the evolving computing landscape, particularly in server central processing units (CPUs) and its MI300 series accelerators.

According to Evercore ISI, AMD is poised to benefit from the significant shift towards parallel processing.... More