Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Trending AI Stocks in Focus This Week. On July 16, Wells Fargo reiterated the stock as “Overweight” and raised its price target on the stock to $185 per share from $120.
“We think AMD will point to confidence in the trajectory to y/y AMD’s datacenter GPU growth into 2H25,”
According to analyst Aaron Rakers, this datacenter GPU growth will be driven by the build-up of MI355X chips, which began shipping last month.
The analyst also expects AMD to highlight its roadmap execution, especially for its fifth-generation Epyc processors dubbed Turin.
“We expect AMD results to highlight the company’s position as a continued share gainer in server [central processing units] with a materializing ramp of Turin Zen 5-based EPYC CPUs + continued adoption of the Zen 4-based Genoa / Bergamo EPYC CPUs. We remain confident in AMD’s strong roadmap execution,” he said, saying there should appear to be “ample room for enterprise driven growth.”
A robotic process automation system in a modern datacenter.
AMD is set to report its earnings in early August.
“We expect AMD to point to sustained datacenter momentum into 2H; roadmap execution and building rack-scale strategy.”
Advanced Micro Devices, Inc. develops and sells semiconductors, processors, and GPUs for data centers, gaming, AI, and embedded applications.
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