AMD (AMD) option IV into acquiring ZT Systems for $4.9B in cash and stock

Barclays Reiterates Overweight Rating on AMD (AMD)

Barclays analyst Blayne Curtis reiterated an Overweight rating and $180.00 price target on AMD (NASDAQ: AMD)

The analyst comments "Our Take: In our view, this cements the systems-based approach NVDA has championed as potentially the majority of shipments in the coming year plus. AMD could have announced a board level/system-based solution tomorrow and we wouldn't... More

Piper Sandler Reiterates Overweight Rating on AMD (AMD), 'remains our top large-cap pick'

Piper Sandler analyst Harsh Kumar reiterated an Overweight rating and $175.00 price target on AMD (NASDAQ: AMD)

The analyst comments "This morning, AMD filled a major gap in its system level offering with the announcement of the proposed acquisition of ZT... More

Edward Jones Starts AMD (AMD) at Buy, Adds to Stock Focus List

Edward Jones analyst Logan Purk initiates coverage on AMD (NASDAQ: AMD) with a Buy rating.

The analyst comments "We are initiating coverage of AMD with a Buy rating and adding shares to the Stock Focus List. We believe the company should deliver outsized... More

Melius Reiterates Buy Rating on AMD (AMD)

Melius analyst Ben Reitzers reiterated a Buy rating and $205.00 price target on AMD (NASDAQ: AMD).

The analyst comments "Going in Right Direction: While the deal doesn't seem to have material impact on our estimates at this time, we like the direction AMD is going in acquiring systems expertise and engineers with close ties to the big clouds. Nvidia's innovation with rack-scale systems... More

Goldman Sachs Reiterates Buy Rating on AMD (AMD)

Goldman Sachs analyst Toshiya Hari reiterated a Buy rating and $175.00 price target on AMD (NASDAQ: AMD).

The analyst comments "On August 19 (pre market open), AMD announced the signing of a definitive agreement to acquire ZT Systems in a cash and stock transaction... More

Roth/MKM Reiterates Buy Rating on AMD (AMD)

Roth/MKM analyst Suji Desilva reiterated a Buy rating and $200.00 price target on AMD (NASDAQ: AMD)

The analyst comments "We believe AMDs announced ZT Systems acquisition provides an experienced hyperscaler-focused AI infrastructure engineering team that can accelerate deployment of the companys... More

Truist Securities Reiterates Hold Rating on AMD (AMD)

Truist Securities analyst William Stein reiterated a Hold rating and $156.00 price target on AMD (NASDAQ: AMD)

The analyst comments "Minimal financial impact. AMD will pay $4.9B for ZT using 75% cash and 25% stock. For the 75% cash requirement, the company stated that it will partially... More

Deutsche Bank Reiterates Hold Rating on AMD (AMD)

Deutsche Bank analyst Ross Seymore reiterated a Hold rating and $150.00 price target on AMD (NASDAQ: AMD)

The analyst comments "This morning, AMD announced its intention to acquire server systems provider ZT Systems in a $4.9b deal for a combination of 75%/25% cash/stock (inclusive of $400m contingent payment). The primary goal of the deal appears to be the acquihire of 1k scarce systems design engineers to augment AMD's existing suite of component solutions (GPU/accelerator, CPU, networking, and software) and further accelerate AMD's penetration of system- and... More

Wolfe Research Reiterates Outperform Rating on AMD (AMD)

Wolfe Research analyst Chris Caso reiterated an Outperform rating and $210.00 price target on AMD (NASDAQ: AMD).

The analyst comments "Key Takeaways. At first glance, AMD's acquisition of ZT Systems allows the company to more easily design fully integrated solutions such NVDA GB200 NVL rack systems.... More

AMD to acquire ZT Systems in $4.9bn deal

AMD (NASDAQ: AMD) has announced Monday that it has signed an agreement to acquire ZT Systems, a leading provider of AI infrastructure, in a cash and stock transaction valued at $4.9 billion.

This strategic acquisition aims to bolster AMD's capabilities in data center AI systems, addressing the growing $400 billion data center AI accelerator opportunity expected by 2027.

ZT Systems, based in... More