As previously reported, BofA upgraded AMD (AMD) to Buy from Neutral with a price target of $120, up from $105. AMD’s Q1 beat and “strong” Q2 sales outlook that was 10% above the firm’s forecast despite a $700M China headwind addresses the firm’s pre-call concerns regarding China AI restriction headwinds and Nvidia (NVDA) GPU competition, the analyst tells investors. The firm sees AMD having potential to deliver 20%-plus topline growth in calendar year 2025 and 2026, despite China headwinds, the analyst added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMD:
- AMD upgraded to Buy from Neutral at BofA
- AMD’s Mixed Financial Results and Margin Pressures Lead to Hold Rating
- AMD CEO Sees ‘AI Momentum’ Driving Growth, But China Export Curbs Pose Challenges
- AMD Reports Strong Q1 2025 Financial Performance
- Positive Outlook for AMD: AI Revenue Rebound and Strong Client Segment Performance Drive Buy Rating