BUZZ-Street view: AMD's strong momentum in AI and server sectors boosts confidence in growth prospects

November 4 - ** AMD AMD.O forecasts strong growth by 2027, driven by the rapid expansion of data centers, which will help narrow the gap with Nvidia NVDA.O

** Pre-market stock price surges 6.7%

AI strategy continues to deliver returns

** Morgan Stanley (maintains “Equal-weight” rating, target price: $550) points out that AMD’s strong server CPU momentum and early market feedback for the Helios series are driving fiscal year growth expectations and helping to offset weakness in the PC business

** Raymond James (“Strong Buy”, target price: $649) says robust server business growth and sustained momentum for AI chips are likely to fully offset weakness in the client business and boost server market share

** Jefferies (“Buy”, target price: $650) states that strong demand for server processors continues to provide support; as deployment expands, momentum for the adoption of AI chips is strengthening

** JPMorgan (“Neutral”, target price: $575) says strong AI infrastructure spending, the launch of the MI455X “Helios” AI platform, and strong demand for server processors driven by proxy AI workloads will continue to bring benefits

(To facilitate non-native English speakers, Reuters has automated its reporting translation into several additional languages. As automated translation may contain errors or lack required context, Reuters does not guarantee the accuracy of automated translation texts and provides them solely for reader convenience. Reuters assumes no liability for any damage or loss resulting from the use of the automated translation function.)