AMD may be in the position to gain market share in the competitive chip space.
Baird analyst Tristan Gerra upgraded AMD stock to Outperform in a new note. Gerra sees the stock popping 35% to $100. The stock gained 2% in pre-market trading to nearly $74.
Gerra thinks AMD’s new Genoa chips, released last week, will further widen its competitive moat.
“Supply chain checks highlight strong reception of Genoa (5nm Zen 4) at data center OEMs, which are shifting significant resources in support of…
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