Cantor Fitzgerald raised the firm’s price target on AMD (AMD) to $500 from $450 and keeps an Overweight rating on the shares. AMD delivered strong quarterly upside with accelerating growth in server CPUs and AI GPUs, beating expectations on revenue and EPS while benefiting from tight industry supply, and is positioned for continued momentum driven by AI-related demand, upcoming product ramps, and expanding data center opportunities despite some margin, Opex, and supply constraints, the analyst tells investors in a research note.
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