BofA raised the firm’s price target on AMD (AMD) to $200 from $175 and keeps a Buy rating on the shares ahead of the company reporting Q2 results on Tuesday, August 5. The firm, which expects AMD’s overall CPU share could reach greater than 30% by calendar year 2026 from under 20% in calendar 2023, also flags that AMD now has a “comfortable” average selling price premium over Intel (INTC) of 17% on average in PCs and 64% in servers.
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