DA Davidson analyst Gil Luria initiated coverage of AMD (AMD) with a Neutral rating and $220 price target, calling it “a marginal AI accelerator player that is in the act of playing catch-up.” While AMD’s Instinct GPUs “benchmark great on paper,” the “reality is that customers are not buying spec sheets” and running frontier workloads across tens of thousands of GPUs is an interconnect and systems-integration problem, the analyst says. Nvidia (NVDA) has “a hold on” that and AMD “doesn’t have a serious answer,” the analyst contends.
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