Advanced Micro Devices, Inc. (NASDAQ:AMD) has reached our previously predicted price target of $160, and we’re maintaining our optimistic outlook. The driving force behind this confidence lies in AMD’s bold foray into artificial intelligence hardware, spearheaded by its cutting-edge Instinct MI300X accelerators.
As an analyst with a vested interest in the success of AMD and NVIDIA (NVDA), I’m compelled to disclose my beneficial long position in these companies through various means, including stock ownership and derivatives. This article represents my personal views and opinions, uninfluenced by external compensation or business relationships with the mentioned companies.
It’s essential to acknowledge that past performance is not a reliable indicator of future results. This article should not be construed as personalized investment advice or a recommendation. The opinions expressed herein may not reflect the views of Seeking Alpha as a whole.
Leave a Reply