Can AMD Stock Hit $180? AI Growth Fuels Data Center Dominance Over Intel

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The company’s data center GPU revenue surpassed the $1 billion mark for the quarter, beating JPMorgan’s own forecast of $900 million, Sur noted, citing “a faster ramp for its MI300A/X products with HPC and cloud/hyperscale customers.”

Sur has a $180 price target for AMD stock by 2025, driven by Q2 earnings optimism.

That’s according to a fresh update from JPMorgan analyst Harlan Sur who believes AMD can grow data center GPU revenue to more than $5 billion in its current fiscal year.

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Author / Journalist: Surbhi Jain

Category: Technology

Markets: United States

Topics: News GPU Expert Ideas AMD US0079031078 Analyst Color Semiconductors Stories That Matter Tech Data centers MI300X INTC US4581401001 Benzinga Trading Ideas Top Stories Analyst Ratings Long Ideas Earnings

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 13:32:30 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 488 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 21873129

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