Company: Advanced Micro Devices (SYM: AMD) Oversold shares of Advanced Micro Devices (SYM: AMD) are starting to bounce back strong. All after analysts at Jefferies initiated coverage of AMD with a buy rating, with a price target of $190 a share. AMD just replaced Nvidia on the Wolfe Research Alpha List. “Our views on NVDA and AMD haven’t changed, but the relative move in stock prices YTD causes us to make a tactical shift in priority, moving AMD to the Wolfe Alpha List, replacing NVDA, which is up ~90% YTD and ~100% since it was added to the list in November 2023,” added Wolfe, as quoted by Investing.com. |
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JPMorgan recently said, “We believe that near-term the team is supply constrained, but given 2H supplier commitments and expanding supply, they are NOT capped at their $4B annual target,” Sur wrote in an investor note. “We believe the team can grow datacenter GPU revenue to $5B+ in CY24 and continue to take share from Intel in server and PC CPUs (we estimate 100 [basis points] of share gain in 1Q and 2Q server CPU share).” |
Smallcaps Daily
–> The #1 Biotech Stock to Watch in 2024 is Attacking Viruses in a Unique Way
The firm also raised its 2024 estimates on strong AI demand, with a $180 price target. And while KeyBanc may have lowered its price target to $230 from $270. However, it did maintain an overweight rating, and sees AMD on track to capitalize on the growing demand for graphics processing units (GPUs) with the AI boom. |
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James Altucher here and I first called Bitcoin back in 2013 when it was trading for just $113 per coin.
I even went live on CNBC to talk about it. Here’s me on May 15, 2013 when I announced I was selling my first book exclusively via Bitcoin!
It has gone up over 500 times in price since.
On another coin, I made a 7,000% return in less than two years.
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