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Jefferies: AMD's market share could triple on Intel issues

  • Jefferies reiterates its Buy rating and raises its AMD (NASDAQ:AMD) price target from $30 to $36.
  • Analyst Mark Lipacis: “Assuming our assessment of AMD’s transistor lead in 2019 is correct, and Intel’s (INTC -0.9%) supply constraints linger through mid-19, we think a market share of 70/30 is not out of the question.” 
  • AMD’s current share is about 10%.
  • Lipacis cites a report from research firm Fubon that said HP (HPQ +0.4%) would adopt AMD processors for up to 30% of its consumer PCs in 2019 and Dell (DVMT -0.2%) will use more AMD chips for its commercial PC line. 
  • AMD shares are up 2% to $31.80.  
  • Previously: AMD +2.7% as Stifel boosts target on GM potential (Sept. 20)
  • Previously: WSJ: Intel responsible for Micron's rough guidance? (Sept. 21)

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