Shares of Advanced Micro Devices (AMD) popped on Thursday. Piper Sandler analyst Harsh Kumar named the stock as a top pick in the large-cap space. He cites a...
) popped on Thursday. Piper Sandler analyst Harsh Kumar named the stock as a top pick in the large-cap space. He cites a number of factors, including the competitive positioning of its MI products, and says that he sees AMD"as having bright prospects moving into the back half of the year." Kumar has an Overweight rating and $175 price target on the stock.
He says that the company in the first half of this year had been constrained with the delivery of its Accelerators, its A I Accelerators um because of supply issues, but he thinks that will alleviate, he also expects them to take share from Intel in the server market, which is quite interesting.Um So, and their share of the server market is already about 33%.No surprise thing to let's retract here says we like A and D's valuation here relative to peers in the compute space.
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