Raymond James assumed coverage of AMD (AMD) with an Outperform rating and $377 price target The firm believes AMD is best positioned to compete with Nvidia (NVDA) in the merchant graphics processing unit market. The firm sees continued momentum for the company in accelerators and artificial intelligence rack systems “despite investor skepticism.”
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMD:
- AI Daily: Nvidia beats earnings expectations
- Morning News Wrap-Up: Thursday’s Biggest Stock Market Stories!
- Supermicro (SMCI) Launches New Air-Cooled AI Server with AMD Instinct MI355X
- SoftBank to Invest $3B in a Data Center Factory That Will Build Equipment for OpenAI
- Crypto Currents: Miners surge after Nvidia earnings beat