SOXX - AMD's MI300 Chip Gains Momentum Analyst Predicts Strong Growth and Server Market Success | Benzinga
Piper Sandler analyst Harsh V. Kumar reiterated an Overweight rating on Advanced Micro Devices, Inc (NASDAQ:AMD) with a price target of $195.
The analyst provided his updated thoughts on AMD, specifically, prospects for the MI300 ramp through the year and commentary around the server business.
Kumar maintained that the MI300’s price-to-performance ratio is really strong and is gaining traction, specifically around inference applications. Latency relating to memory performance is paramount for these applications, and Kumar deemed the MI300 is configured to address these issues.
Kumar expressed confidence in management’s ability to execute its goals for MI300 targets for this year and 2025. Kumar currently modeled for $4 billion in MI300 revenues for 2024 and ...