AMD shares rise 10% after analysts say they expect a ‘snapback’
CEO Dr. Lisa Su, AMD executives and industrial luminaires reveal their vision to advance AMD.
Courtesy: AMD
Shares Advanced Micro Devices Piper Sandler’s analysts have increased by about 10% on Monday after abolishing the price targets of the latest product announcement of the players on the latest product announcement.
In the fourth quarter, analysts said they saw a snapback for AMD’s graphic processing units (GPU). At that time, they expect the chip manufacturer to be in a large part of the $ 800 million accusation due to a new US license requirement that is valid for the export of semiconductors of AMD to China and other countries.
Last week, AMD announced the new generation AI chips, the Instinct MI400 series. In particular, the company introduced a full server shelf called Helios, which allows thousands of chips to be connected to each other. This chip system is expected to be important for artificial intelligence customers such as cloud companies and developers of large language models.
Lisa Su, AMD CEO, showed products at an event in California with Openai CEO Sam Altman, who said they were “completely crazy”.
“We are excited about the product launch on the Helios shelf, which we think is very important for the AMD instinct growth this week, especially at the AMD event this week.”
Piper Sandler increased the price target for AMD’s share price from $ 125 to $ 140.
The stock has exceeded $ 127 on Monday, and before 6 January, President Donald Trump has swept new tariffs or warned AMD’s CHIP control charges.
WRISTWATCH: AMD CEO Lisa Su: We are still in AI’s too early inning
