CCiti AAMD · AMD
Citi Reiterates Buy on AMD, $575 PT
Rating
Buy
Price target
$575
Previous
—
Implied upside
+20%
Citi analyst Atif Malik reiterated a Buy rating and $575 price target on Advanced Micro Devices (NASDAQ: AMD), following meetings with AMD’s CFO Jean Hu and Head of Investor Relations Matt Ramsay at Citi’s Global TMT Conference.
According to the analyst’s notes, AMD updated its total addressable market estimate to $2 trillion by 2030 and said its data center business is expected to more than double next year.
The company’s MI450 product is set to launch in the current quarter, with a ramp planned for the fourth quarter and into next year.
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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
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