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'Time to Up the Ante,' Says Investor About AMD Stock


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Advanced Micro Devices (NASDAQ:AMD) stock has not had many bright spots over the past year, even though the company plays a central role in

The article from MSN Money discusses the bullish outlook on Advanced Micro Devices (AMD) stock by analyst Christopher Rolland from Susquehanna. Rolland has raised his price target for AMD to $145 from $135, suggesting a potential 20% increase from its current trading price. This optimism stems from AMD's strategic positioning in the AI market, particularly with its upcoming MI300X GPU, which is expected to compete directly with Nvidia's offerings. Despite a recent dip in stock price due to a broader market sell-off, AMD's focus on AI and data center technologies, along with its expected growth in these sectors, underpins the positive forecast. The article also mentions AMD's CEO Lisa Su's comments on the company's growth trajectory, highlighting the significant market opportunities in AI and data centers. However, it notes that AMD's stock has not performed as well as Nvidia's in 2023, but there's an expectation of a turnaround with the new product launches.

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[ https://www.msn.com/en-us/money/savingandinvesting/time-to-up-the-ante-says-investor-about-amd-stock/ar-AA1BwcH6 ]

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