Several analysts are becoming more optimistic about future market share gains for Advanced Micro Devices.
Jefferies raised its price target to $30 from $22 for AMD shares, citing the chipmaker’s technological advantage over Intel. The firm also reiterated its buy rating on the company.
Analyst Mark Lipacis said in a note to clients on Monday that he sees the possibility that by the second half of next year, AMD will have a chip with higher transistor density than Intel for the first time in recent history. “We see this as a foundational shift in competitive dynamics.....More>>>