Wall Street has not been shy about backing Advanced Micro Devices (AMD) lately, and two prominent **** ysts have just added even more fuel to the fire. Rosenblatt **** yst Kevin Cassidy raised his price target on AMD stock ahead of the company's Advancing Artificial Intelligence (AI) event on Wednesday, July 22 and Thursday, July 23, calling it his firm's top semiconductor pick.
Cassidy believes Advanced Micro's momentum has plenty of room to run. He expects revenue from Extended Performance Yield Computing (EPYC) server CPUs to surge more than 70% year-over-year (YOY) while generating margins comfortably above the company average.
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Cassidy believes Advanced Micro's momentum has plenty of room to run. He expects revenue from Extended Performance Yield Computing (EPYC) server CPUs to surge more than 70% year-over-year (YOY) while generating margins comfortably above the company average.
PayPal Says a $53 Billion Takeover Offer from Stripe Undervalues It. How to Play PYPL Stock Here.
Billionaire Jeff Bezos Called Amazon's Customer Service to Prove a Point But Waited in Silence for More Than 10 Minutes — 'It Was Really Long'
Micron Stock Is Near Bear-Market Territory. Here's Why ASML's Guidance Says Buy the Dip.
#Stock #street
3 months ago
