TD Cowen raised $AMD price target from $500 to $600 and kept a Buy rating after meeting with management


The main point is that AMD’s AI opportunity looks stronger than before. Management sees its $120B AI TAM as potentially conservative because agentic AI increases demand for efficient CPUs, GPUs, and low-latency systems
TD Cowen sees AMD becoming the main merchant alternative to NVIDIA in AI infrastructure, supported by its CPU strength, AI accelerator roadmap, and broader platform work
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Devia
· 1h ago
amd is also good company
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