From Dow Jones Newswires
>But Piper Sandler analyst Harsh Kumar is upbeat about the near future, elevating AMD shares to "top pick" status following recent meetings with the company's management team.
>"Overall, we walked away extremely impressed with the strategy as well as the competitive positioning for the MI series of products," Kumar wrote, referring to the company's AI accelerator lineup. "In addition, we feel there are additional tailwinds set to come for both the server and PC businesses."
>AMD "currently has 100 customers in the AI accelerator space, with most of them ramping" in the second half of the year, he added.
>With that backdrop, AMD has "bright prospects moving into the back half of the year," especially considering that the company's embedded business is expected to trough in the June quarter, according to Kumar.
AMD hat wohl noch einiges im Köcher.
Bullish! |