Posted 4/5/2024, 6:24:52 PM
AMD Price Target Reaffirmed at $195 on Server and Inference Chip Optimism
- Analyst Kumar reiterated Overweight rating on AMD with $195 price target
- Kumar confident in AMD's MI300 chip gaining traction, especially for inference applications
- Kumar predicts AMD's MI300 revenue reaching $4B in 2024 and $7.6B in 2025
- Kumar expects AMD's server business to grow in 2024 despite accelerated computing adoption
- Kumar sees AMD well-positioned in inference market given total cost of ownership advantage