(CercleFinance.com) – The stock rose nearly 1.5%, benefiting from Wedbush’s positive analysis. The analyst reiterates his ‘outperformance’ opinion on AMD and raises his target price from 95 to 145 dollars, to ‘take into account the additional opportunity that AMD sees in the AI (artificial intelligence) accelerators market’.
According to the broker, it now appears more certain that the group has established itself as the closest competitor to Nvidia in this field, ‘with an apparent traction going beyond supercomputing to extend to hyperscale’.
‘We continue to believe that AMD will take share of the CPU market for data centers,’ he adds, on the eve of an event to be organized by the group on future technologies for data centers.
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