Truist raised the firm’s price target on AMD (AMD) to $478 from $283 and keeps a Buy rating on the shares. The company delivered strong Q1 results and Q2 guidance, with the linchpin of the firm’s bullish thesis, AI GPU engagement, also confirmed, the analyst tells investors in a research note. AMD also noted demand for MI450/Helio for 2027 is looking better than last quarter, the firm added.
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