Rosenblatt Keeps Buy on AMD, $700 PT
Rosenblatt analyst Kevin Cassidy reiterated a Buy rating and $700 price target on AMD (NASDAQ: AMD).
“We view AMD’s acquisition of World Labs as expanding AMD’s AI software, modeling, simulation capabilities.
The rapid AI market development is requiring system level knowledge well outside traditional semiconductor expertise.
World Labs engineers can accelerate system level AI platform development while opening new markets such as robotics.
We view the $8.2B all-stock transaction as a pull-in of necessary future R&D expense to develop this technology in-house.
We are impressed with management’s aggressive decision making in expanding its AI prowess.”
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.
This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.
