AMD Unveils Leadership AI Solutions at Advancing AI 2024
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Barclays Reiterates Overweight Rating on AMD (AMD)
October 11, 2024 10:25 AM EDTBarclays analyst Blayne Curtis reiterated an Overweight rating and $180.00 price target on AMD (NASDAQ: AMD).
The analyst comments "Expectations heading into the event included a raised full year AI revenue forecast, a new major customer announcement, new product introductions, and possibly some details... More
Northland Reiterates Outperform Rating on AMD (AMD)
October 11, 2024 6:46 AM EDTNorthland analyst Gus Richard reiterated an Outperform rating and $175.00 price target on AMD (NASDAQ: AMD).
The analyst comments "AMD validated its market share momentum at its AI event yesterday through top-tier customer testimonials and server CPU market share growth. The company also highlighted its progress in building its opensource ecosystem and provided its AI... More
Cantor Fitzgerald Reiterates Overweight Rating on AMD (AMD)
October 11, 2024 6:37 AM EDTCantor Fitzgerald analyst C.J. Muse reiterated an Overweight rating and $180.00 price target on AMD (NASDAQ: AMD).
The analyst comments "AMD hosted a well-attended Advancing AI 2024 event today in San Francisco. From a big-picture perspective, AMD raised its market outlook for AI Accelerators to now $500B in CY28 (from $400B in CY27), representing a ~62% 5-year CAGR from the $45B in CY23 (vs. prior ~73% 4-year CAGR). Considering the current AI demand backdrop, this clearly did not come as a major surprise, but nevertheless is a... More
Roth/MKM Reiterates Buy Rating on AMD (AMD)
October 11, 2024 6:08 AM EDTRoth/MKM analyst Suji Desilva reiterated a Buy rating and $200.00 price target on AMD (NASDAQ: AMD).
The analyst comments "Advancing AI Infrastructure Across CPU, Accelerator, Networking, and Software Fronts. At AMDs Advancing AI event, the company indicated that AI accelerator demand... More
Truist Securities Reiterates Hold Rating on AMD (AMD)
October 11, 2024 6:06 AM EDTTruist Securities analyst William Stein reiterated a Hold rating and $156.00 price target on AMD (NASDAQ: AMD).
The analyst comments "Advancing AI event. On 10/10, AMD hosted its "Advancing AI 2024" event. Management launched new Datacenter CPUs and GPUs, expanded its networking products,... More
Citi Reiterates Buy Rating on AMD (AMD)
October 11, 2024 5:52 AM EDTCiti analyst Christopher Danely reiterated a Buy rating and $210.00 price target on AMD (NASDAQ: AMD)
The analyst comments "Yesterday, AMD held its Advancing AI event and raised its AI TAM to over $500.0 billion in 2028 along with some more details... More
Wells Fargo Reiterates Overweight Rating on AMD (AMD)
October 11, 2024 5:43 AM EDTWells Fargo analyst Aaron Rakers reiterated an Overweight rating and $205.00 price target on AMD (NASDAQ: AMD)
The analyst comments "Zen5 EPYC Turin Server CPUs: AMD announced its 5th gen. EPYC Turin CPUs - 150B transistors, a 17% IPC gen/gen uplift, up to 192 cores, 12 memory... More
