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AMD Stock Forecast at $200 Justified by AI Growth, Says Bank of America
AMD Stock Forecast at $200 Justified by AI Growth, Says Bank of America
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Advanced Micro Devices (AMD) has solidified its position in the AI sector with accelerated chip production, including the MI325X and upcoming MI350. Despite volatility in data-center results and U.S. export regulations, AMD shares have surged over 30% year-to-date, trading between $76 and $187.
Bank of America analyst Vivek Arya maintains a Buy rating on AMD, setting a $200 price target—27% above current levels. Arya attributes this Optimism to AMD's AI growth and CPU market share gains, outweighing cyclical slowdowns. The recent Nvidia-Intel partnership has raised questions about AMD's competitive edge, but Arya remains unconcerned.
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