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AMD is doing better in AI than Wall Street thinks, this analyst says - MarketWatch

1. AMD's forecast dip raised Wall Street skepticism on AI chips. 2. Benchmark's Cody Acree maintains a buy rating with a $170 price target. 3. AMD accelerates MI350 AI chip launch to mid-2025, closing competitive gap. 4. Market share gains in servers and PCs bolster AMD's outlook despite concerns. 5. No signs of excessive inventory buildup before potential tariffs, unlike Intel.

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FAQ

Why Bullish?

AMD's buy rating and competitive AI positioning may drive investor confidence, similar to past recoveries like NVIDIA post-Earnings beat.

How important is it?

The article discusses AMD's earnings and outlook, which are crucial for stock performance amidst competitive pressures.

Why Long Term?

The new product launch and market share growth indicate sustained growth potential, akin to AMD's past strategies generating long-term gains.

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