Can AMD Stock Hit $180? AI Growth Fuels Data Center Dominance Over Intel
Portfolio Pulse from Surbhi Jain
JPMorgan analyst Harlan Sur has raised his outlook for AMD, citing impressive Q2 earnings and strong growth in data center GPU revenue. AMD's data center division saw a 115% year-over-year increase, and the company is expected to continue gaining market share from Intel in the server and PC CPU segments. Sur has set a $180 price target for AMD by 2025, implying a 30% upside from its current price.
July 31, 2024 | 1:32 pm
News sentiment analysis
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NEGATIVE IMPACT
AMD continues to gain market share from Intel in the server and PC CPU segments, driven by strong data center growth and competitive edge in server technology.
As AMD continues to gain market share in key segments, Intel may face increased competition and potential loss of market share, which could negatively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
JPMorgan analyst Harlan Sur has raised his outlook for AMD, citing impressive Q2 earnings and strong growth in data center GPU revenue. Sur has set a $180 price target for AMD by 2025, implying a 30% upside from its current price.
The analyst's positive outlook and raised price target, combined with AMD's strong Q2 earnings and significant growth in data center revenue, are likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100