TD Cowen raised the firm’s price target on AMD (AMD) to $195 from $150 and keeps a Buy rating on the shares. The firm said they posted a solid beat/raise albeit Gaming-driven, without contribution from MI308 while also noting its 3Q guide suggests a strong MI355 2H25 ramp that should assuage investor concerns and slowly build confidence on critical MI400/Helios in 2026.
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