UBS lowered the firm’s price target on AMD (AMD) to $155 from $175 and keeps a Buy rating on the shares. AMD announced that its MI308 products are now subject to similar license requirements to the H20, the analyst tells investors in a research note. As a result, the firm stripped out $400M from its data center graphics processing unit revenue forecast in Q2 for AMD. For the full year, it is now modeling AMD data center GPU revenue of $6.5B, down from $7.5B, a far larger relative impact than for Nvidia (NVDA) from the restrictions.
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