AMD To Benefit From AI 'Competitive Arms Race': Goldman Sachs
Portfolio Pulse from Erica Kollmann
Goldman Sachs maintains a Buy rating on AMD, citing growth in AI infrastructure spending and a promising product pipeline. AMD's long-term AI market forecast increased to $500 billion by 2028. The acquisition of ZT Systems and a rebound in server CPU demand are also expected to benefit AMD.
October 21, 2024 | 3:11 pm
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Goldman Sachs maintains a Buy rating on AMD with a $175 price target, citing AI infrastructure growth and a promising product pipeline. AMD's AI market forecast increased to $500 billion by 2028. The acquisition of ZT Systems and a rebound in server CPU demand are expected to benefit AMD.
Goldman Sachs' Buy rating and increased price target for AMD are based on expected growth in AI infrastructure spending and a strong product pipeline. The acquisition of ZT Systems and a rebound in server CPU demand further support AMD's growth prospects. These factors are likely to positively impact AMD's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100