Bank of America says AMD is a top pick because of its ‘generational opportunity’ to gain share against Intel

Bank of America says AMD is a top pick because of its ‘generational opportunity’ to gain share against Intel

6 years ago
Anonymous $cyhBy-qkd5

https://www.cnbc.com/2018/06/25/buy-amd-due-to-its-generational-opportunity-against-intel-analyst.html

AMD’s market share in the server and desktop chip market will surge in the next two years, according to Bank of America Merrill Lynch.

The firm's analyst Vivek Arya raised his price target for AMD shares to $20 from $17, representing 27 percent upside to Friday’s closing price. He said the company will likely generate higher profit margins from its new products.

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