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home / news releases / AMD - AMD: Strong Data Center Growth Likely To Continue (Rating Upgrade)

AMD - AMD: Strong Data Center Growth Likely To Continue (Rating Upgrade)

Advanced Micro Devices Inc.

2024-07-17 05:51:30 ET

Summary

  • AMD stock has underperformed S&P 500 since my last 'Sell' recommendation. Now I upgrade to 'Buy' with a $195 fair value.
  • Strong data center growth, weak gaming, and embedded segments.
  • Acquisition of Silo AI is positive for growth strategy; estimated 10% revenue growth in FY24.

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For further details see:

AMD: Strong Data Center Growth Likely To Continue (Rating Upgrade)
Stock Information
Company Name: Advanced Micro Devices Inc.
Stock Symbol: AMD
Market: NASDAQ
Website: amd.com
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