Oppenheimer upgrades AMD to Outperform, sees data center sales more than doubling
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- Oppenheimer upgraded Advanced Micro Devices (NASDAQ: AMD) to Outperform from Perform with a $600 price target in a note on Monday, citing strong momentum in its data center business after the chipmaker's latest earnings call. Still guessing which stocks will…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishAn upgrade of a major chipmaker can move the stock and the semiconductor sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Oppenheimer upgraded AMD to Outperform with a $600 price target.
- 02Data center revenue roughly doubled in the third quarter, according to the note.
- 03Management sees overall revenue growing more than 80% next year despite supply constraints.
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Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets