Erste Group upgraded AMD (AMD) to Buy from Hold. For Q1, AMD anticipates 32% year over year revenue growth driven by rising demand for high-performance CPUs and GPUs in data centers, the analyst tells investors in a research note. Operating margins remain strong relative to the industry, supported by an attractive product portfolio, with the upcoming second half launch of the AMD Instinct MI450 series expected to compete with Nvidia’s (NVDA) Ruby architecture and drive strong demand due to higher memory capacity, the firm says.
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