Oppenheimer Sees 34% Upside for AMD on Meta and Microsoft AI Spending
AMD shares are rising and Oppenheimer analyst Rick Schafer sees 34% upside for the stock. According to the analyst, AI spending by Meta and Microsoft will boost the company's data-center revenue, a factor that goes beyond the turmoil surrounding Nvidia.
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IASummary generated by artificial intelligence from a story by Barron's. It may contain errors: the original source prevails.