Posted 3/4/2024, 8:43:00 PM
AMD Soars Past $300B Valuation as Data Center Growth Prospects Impress Wall Street
- AMD's management projects over $3.5B in 2023 data center GPU revenue, Barclays analyst forecasts $4.5B
- Barclays raises 2025 EPS estimate for AMD to $5.94 from $5.49, lifts price target to $235
- AMD stock up over 18% over last 3 days, crossed $300B market cap threshold
- Bernstein analyst reiterates market-perform rating after AMD management meeting
- Rasgon says AMD playing catch up in AI inference but could be a second source to Nvidia