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TD Cowen Analyst Reaffirms Bullish Stance on AMD Amid AI Market Growth

TD Cowen Analyst Reaffirms Bullish Stance on AMD Amid AI Market Growth

Published:
2025-11-19 02:01:02
22
2
BTCCSquare news:

Advanced Micro Devices (AMD) shares face pressure alongside tech and AI stocks due to valuation concerns, yet TD Cowen's top analyst Joshua Buchalter maintains a Buy rating with a $290 price target. His Optimism follows an investor call with AMD's CFO and CVP, highlighting the company's potential in the $1 trillion AI total addressable market (TAM).

Buchalter acknowledges AMD's challenges in scaling its AI business but remains constructive on its ability to capture value in GPU, CPU, and server-side networking markets. The analyst notes management's focus on Financial Analyst Day insights, though China's market opportunity appears limited in their projections.

|Square

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