What's Going On With AMD Stock?
Portfolio Pulse from Henry Khederian
AMD shares are trading higher after announcing a definitive agreement to acquire ZT Systems, expected to close in the first half of 2025. This acquisition aligns with AMD's strategy to invest in AI technology and is expected to be accretive by the end of 2025. Goldman Sachs views this as a significant step for AMD in the AI data center market, setting a 12-month price target of $175.
August 21, 2024 | 7:32 pm
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AMD's acquisition of ZT Systems is seen as a strategic move to strengthen its position in the AI data center market. The acquisition is expected to be accretive by the end of 2025, and Goldman Sachs has set a 12-month price target of $175.
The acquisition of ZT Systems is a significant strategic move for AMD, aligning with its $7.5 billion investment in AI technology. This is expected to enhance AMD's position in the AI data center market, which is a growing sector. The positive outlook from Goldman Sachs, with a price target of $175, further supports the potential positive impact on AMD's stock price.
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