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via finance.yahoo.comTech & AI

AMD CEO Su confirms strong data center demand, Citi raises price target to $800

FROM THE WIRE · FINANCE.YAHOO.COM

AMD (AMD) CEO Lisa Su is dropping bullish nuggets all over the place on her overseas chip tour. On a visit to Seoul on Wednesday to meet with the likes of Samsung Electronics and SK Hynix (SKHY), Su said overall data center demand remained "very strong," according to aReuters…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishBullish CEO commentary on strong demand and Citi's estimate upgrade support AMD's 200% YTD rally and record highs.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01CEO Lisa Su states data center demand is "very strong" during Seoul visit with Samsung and SK Hynix.
  2. 02Su reports "strong demand signals" across AMD's entire product portfolio.
  3. 03Citi raises AMD price target from $575 to $800 following Meta Muse launch and CPU TAM revision.
  4. 04AMD shares trading at record highs, up 200% year to date.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Advanced Micro Devices, Inc.AMDStock649.42 USDMarket closedtoday +2.80%Positive Meta Platforms, Inc.METAStock738.88 USDMarket closedtoday -0.41%Positive Samsung Electronics Co., Ltd.005930.KOStock268,500.00 KRWMarket closedtoday -1.29%Neutral SK hynix Inc.SKHYStock182.56 USDMarket closedtoday -6.39%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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