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I believe that Advanced Micro Devices (AMD) has created a strong foundation for growth as it embarks on a new era of product adoption.
HSBC Adds A Price Target Of $200 To AMD
AMD is a stock
AMD Has A Strong Foundation For Future Growth
Summary
- AMD's MI350 series positions the company as a real AI chip competitor to Nvidia, driving HSBC's price target increase to $200.
- Strong financials, including rising revenue and net income, support AMD's growth thesis and limit downside risk.
- AMD's partnerships with OpenAI, Microsoft, Meta, and others validate its AI ecosystem and expand its market opportunity.
- Valuation remains attractive compared to Nvidia, making AMD a compelling value play ahead of its Q2 earnings report.
I am an active trader in stocks, FX, crypto, and commodities with over 15 years of market experience. I hold a master's degree in finance and mix microeconomic studies of company financials with a big-picture macroeconomic view.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of AMD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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