Oppenheimer upgraded Advanced Micro Devices to outperform from perform with a $600 price target, about 34% above Friday’s close, as analyst Rick Schafer called AMD “a durable supplier of AI compute,” CNBC reported Nov. 9, noting the shares had fallen more than 26% over the past month. Investing.com said Schafer expects AMD’s data center sales to rise 135% next year to 85% of total revenue, with OpenAI and Meta driving AI chip growth and Anthropic ramping late in the first quarter.
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BUSINESS / STOCK & DELIVERIESOppenheimer Upgrades AMD to Outperform With $600 Target
Analyst Rick Schafer expects AMD’s data center sales to jump 135% next year as AI chip shipments ramp.
For information only, not investment advice. Price targets and estimates are attributed to the named firms and data providers.
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