Evercore ISI raised the firm’s price target on AMD (AMD) to $579 from $358 and keeps an Outperform rating on the shares. After a round of Q1 AI channel checks, the firm said the main themes it heard included that AI workloads are shifting from a training-led regime toward an inference-led regime by end of 2026 and that a shift is increasing focus on cost-per-token, ROI and TCO, which is accelerating hyperscaler interest in homegrown ASICs and alternative accelerators.
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