AMD Watch posted an update
Oppenheimer has upgraded AMD to Outperform and set a $600 price target, with analyst Rick Schafer forecasting 135% growth in the company’s data-centre business next year. That forecast, reported by Blockonomi, is an analyst’s view, not a promise from AMD or a guaranteed outcome.
Why it mattersAMD reported third-quarter revenue of $13.38 billion, up 45% year on year, while data-centre sales rose 97% to $4.3 billion, according to the article. Schafer’s bullish case rests on continued AI infrastructure spending and demand for AMD’s chips.
Discuss: When judging AMD’s AI prospects, should investors put more weight on analysts’ growth forecasts or on revenue the company has already reported?
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