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AMD’s AI-Driven Growth Narrative Gains Traction Among Investors
AMD’s AI-Driven Growth Narrative Gains Traction Among Investors
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BTCCSquare news:
Wall Street's perception of Advanced Micro Devices (AMD) has undergone a dramatic reversal. Once dismissed as an also-ran in the AI chip race against Nvidia, the semiconductor giant now commands renewed attention following strategic wins and bold financial projections.
At its first Analyst Day in three years, AMD revealed a doubling of its data center total addressable market estimate due to surging AI demand. The company set ambitious revenue targets, outlined margin expansion plans, and forecast EPS exceeding $20—far surpassing previous Street expectations. Shares rallied 9% post-event, with Benchmark's top-ranked analyst Cody Acree noting the market is 'underappreciating AMD's long-term AI data center leverage.'
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