AMD edges higher premarket after firm reveals new AI chips to take on rival Nvidia

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Go back to AMD edges higher premarket after firm reveals new AI chips to take on rival Nvidia

Goldman Sachs Reiterates Conviction Buy Rating on NVIDIA (NVDA) Following Mgmt Meet

June 5, 2024 3:14 PM EDT

Goldman Sachs analyst Toshiya Hari reiterated a Conviction Buy rating and $1,200.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "We attended a group meeting with Founder, President and CEO Jensen Huang in Taiwan on the side of Computex 2024. Mr. Huang discussed his... More

CFRA Reiterates Buy Rating on AMD (AMD)

June 3, 2024 1:12 PM EDT

CFRA analyst Angelo Zino reiterated a Buy rating and $200.00 price target on AMD (NASDAQ: AMD).

The analyst comments "At Computex 2024, AMD provided greater insights across its AI hardware capabilities in both data center and PCs. On the accelerator side, AMD introduced an annual cadence... More

AMD: Could the Computex keynote lift investor sentiment?

June 3, 2024 10:05 AM EDT

AMD (NASDAQ: AMD) CEO delivered a compelling keynote address at Computex, potentially shifting investor focus from the MI300X's revenue outlook to the broader horizon of product launches and market share gains over the next one to two years, according to Lynx Equity Strategies.

The firm said this presentation may offer "upside alpha in the stock," marking a significant turn in... More