Analysts remain optimistic on Advanced Micro Devices Inc. post Q4 beat. Keybanc analyst John Vinh maintained AMD with an Overweight and raised the price target from $155 to $165 (41.3 percent upside). Summit Insights analyst KinNgai Chan reiterated his Hold rating on AMD after its better than expected Q4 results. The analyst notes that the company will continue to outperform…
AMD Wins Meta, Microsoft as Clients, Targets Nvidia With Processors
Meta Platforms Inc. (FB), or former Facebook, has chosen Advanced Micro Devices Inc.’s (AMD) EPYC chips, the chipmaker declared during its Accelerated Data Center Premiere event. The companies collaborated to develop a high-performance, power-efficient processor based on the company’s 3rd Generation EPYC processor. AMD also announced upcoming EPYC processors codenamed “Genoa” and “Bergamo,” taking at…
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