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AMD Stock Outlook: AI Analyst Bullish Despite Recent Slide
AMD Stock Outlook: AI Analyst Bullish Despite Recent Slide
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BTCCSquare news:
Advanced Micro Devices (AMD) shares have retreated 14% from their July peak amid rising competition in AI chips and mixed Q2 results, yet maintain a 31% year-to-date gain. TipRanks' AI Analyst rates the stock Outperform with a $190 price target—20% above current levels—citing robust revenue growth and strong demand for data center processors.
The company posted record Q2 sales of $7.7 billion, a 32% annual increase, though margin pressures persist. Wall Street's average target remains slightly more conservative at $184.44, reflecting bifurcated views on AMD's ability to maintain its AI chip momentum against rivals.
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