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24/7 Wall St. gives AMD a "high-conviction buy" rating with a target price of $629.60, implying a 31% upside.
The agency noted that AMD's second-quarter data center revenue surged 107% to $6.7 billion, with total revenue reaching $11.54 billion, a year-over-year increase of 50.11%. The company's non-GAAP earnings per share were $1.66, exceeding market expectations. AMD CEO Lisa Su stated that demand for Helios exceeded expectations, and Anthropic has committed to purchasing 2 gigawatts of MI450 series GPUs, following previous gigawatt-scale deals with OpenAI and Meta.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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