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Advanced Micro Devices (AMD) is well-positioned to capture market share in the AI GPU sector amid a reported 10-to-1 supply-demand imbalance favoring NVIDIA, with AMD potentially experiencing a revenue surge of over 1000% from its current $3.2 billion in quarterly data center revenue. This comes as NVIDIA struggles to ramp up production, offering AMD an opportunity to fulfill immediate market needs.
AMD’s anticipated launch of its MI400 line in early to mid-2025 is poised to enhance its ecosystem for AI applications. The company is expected to report a 27% growth in its upcoming Q3 results, setting the stage for a bullish outlook as it reinforces its position in rack-scale solutions.
Analyst sentiment reflects a ‘Moderate Buy’ rating, with a significant price target increase of nearly 40% since Q2 earnings, now pegged around $215. This positions AMD close to reaching all-time highs, especially ahead of the late-October Q3 release date.
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