Northland Tempers Enthusiasm on AMD's AI Growth Prospects Despite Recent Stock Gains
• Northland downgrades AMD stock despite share price gains, believes AI growth is priced in • Forecasts $125B AI chip market by 2027, models AMD with $16B (13% share) • Says expectations for AI growth are "irrational exuberance" • AMD's potential 2027 AI revenue would double its estimated 2024 total • Wall Street analysts largely bullish on AMD, while Seeking Alpha authors and quant system more cautious