AMD's Navi shows strong adoption - BofA

• BofA says AMD's (AMD +8.3%) Navi adoption seems to be "catching on faster" than Vega.
• The firm notes that 57% of AMD gamers use legacy GPUs, though this is likely to change once AMD launches the high-end "Big Navi" later this year.
• Citing industry checks, BofA expects an H2 gaming recovery.
• BofA maintains a Buy rating and $60 price target on AMD. The company has a Bullish average Sell Side rating.