HSBC upgrades Advanced Micro Devices (AMD) stock to Buy from Hold, setting a price target of $225, citing potential growth in AI GPU revenue and market share gain by 2025. Analysts expect better performance from non-AI segments and benefit from Nvidia's AI GPU product transition in 2024. Evercore ISI also starts accelerating AI play for AMD. Market analysts predict AMD's stock surge and potential competition with Nvidia in the AI market.
HSBC is making a big call on $AMD today, hiking its price target to imply a 40% upside and arguing in a new note that the stock shouldn’t be overlooked as an AI play. @kristinaparts with the details https://t.co/eYctFiMUUo
Nvidia isn’t just a chip stock, and could soar 30% when investors realize that https://t.co/35eFKwye4D
AMD Has a New Bull, and Is Coming for Nvidia’s AI Lunch https://t.co/Z7Y6to0Rqu
Evercore ISI starts 'accelerating AI play' AMD $AMD at Outperform https://t.co/0nqfc7r7rO https://t.co/diTfqwayfK
$AMD HSBC upgrades Advanced Micro Devices as buy HSBC said in its upgrade of AMD that investors should buy the dip. “We upgrade the stock to Buy as we expect AMD to gain 10% market share by 2025 and benefit from Nvidia’s AI GPU product transition in 2024.”
AMD’s stock can surge 40%, this new bull says — even as Nvidia still dominates https://t.co/mXUR9lZ7hY
HSBC upgrades $AMD stock to Buy on massive AI TAM https://t.co/ThFSveN3P4 https://t.co/QbiattaCm5
$AMD: HSBC Upgrades to Buy from Hold - PT $225 (from $180) THe analyst comments "We increase our 2024/2025 EPS estimates by 7%/25% to reflect our revised estimates for AI GPU revenue along with better performance from the non-AI segments. Our revised EPS for 2024e/2025e of…