KeyBanc Capital Markets analyst John Vinh maintained an Outperform rating on AMD shares and increased the price target from $140 to $170, indicating over 25% upside potential. The optimism is based on AMD's positioning to capitalize on the 'genAI' market, expected to be worth $150 billion by 2027. Vinh predicts AMD could take a 10%-15% market share, equating to a $20 billion revenue opportunity. He also expects AMD to continue gaining server market share from Intel and sees gross margin improvement throughout 2024. AMD shares rose 0.88% in premarket trading.