Latest news with #HarshKumar
Yahoo
18 hours ago
- Business
- Yahoo
Wall Street Is Bullish on AMD's s AI Push—Here's Why
Advanced Micro Devices, Inc. (NASDAQ:) is one of the . On June 16, Piper Sandler analyst Harsh Kumar raised the price target on the stock to $140.00 (from $125.00) while maintaining a 'Overweight' rating. The firm cited growing optimism in the company's graphics processing unit (GPU) segment and confidence in its ability to continue driving strong results behind the price target raise. Piper Sandler is optimistic about AMD's latest product launches, particularly the new Helios rack system. It believes the system could boost growth in AMD's Instinct AI accelerator business. The firm made these comments shortly after the company revealed its new MI350 AI chips and previewed the upcoming MI400 series. Kumar also highlighted AMD's biggest segment, its client business, which is starting to show signs of improvement. The company's 'pull-ins' reflect how customers are ordering earlier than expected. Kumar further added that AMD's GPU business could revive by the fourth quarter of Fiscal 2025 once China-related issues resolve. To conclude, investors are confident about AMD's strategy and upcoming AI products. The firm's revised forecast suggests that the company can sustain ground in the competitive semiconductor market. Advanced Micro Devices, Inc. (NASDAQ:AMD) develops and sells semiconductors, processors, and GPUs for data centers, gaming, AI, and embedded applications. While we acknowledge the potential of AMD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
Yahoo
3 days ago
- Business
- Yahoo
Why Advanced Micro Devices Rallied Today
AMD got a price target bump from a Wall Street analyst today. The move comes on the heels of last week's big artificial intelligence (AI) GPU introduction event for the new MI350 accelerators and upcoming Helios racks. The analyst also sees green shoots in the client business. 10 stocks we like better than Advanced Micro Devices › Shares of artificial intelligence (AI) chipmaker Advanced Micro Devices (NASDAQ: AMD) rallied 9.8% on Monday, as of 12:43 p.m. ET AMD made some big product announcements last week, especially around AI. Today, a Wall Street analyst wrote his positive conclusion on the event, and revealed some positive industry data in the PC space, too. Last week's big event centered on AMD's new Instinct MI350 accelerators, and upcoming MI400 "Helios" racks, which will be available next year. But one sell-side analyst also sees some optimistic signs in AMD's client business, which led to a price target bump today. On Monday, Piper Sandler semiconductor analyst Harsh Kumar noted he is seeing some "pull-ins" in the client space, which used to be AMD's largest, but is now its second largest after data centers. The PC has been mired in somewhat of a downturn for a few years now, but a combination of aging pandemic-era PCs, new AI PC capabilities, pull-ins ahead of potential further tariffs, and the coming phaseout of the Windows 10 operating system may be spurring a nice refresh cycle. In addition, some investors were worried about the sequential decrease in AMD's data center and GPU revenue last quarter, where AMD hopes to compete more effectively against Nvidia. However, in the note today, Kumar also noted he sees a "snap-back" in that area, in the second half of the year, based on the new Instinct MI350 chips, which will be available in the second half of 2025, and "Helios" rack-scale systems, which will become available in the latter part of 2025. As a result, Kumar raised his price target on AMD to $140, up from $125. There are a lot of questions surrounding AMD at this moment, namely whether there is a place for its Instinct AI accelerators in the AI world where Nvidia currently dominates, and large cloud companies are all now building more custom AI silicon themselves. However, it appears as though last week's product even was encouraging on that front, and that AMD's AI design progress and acquisitions are beginning to garner enthusiasm among the analyst community. Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Advanced Micro Devices wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,702!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $870,207!* Now, it's worth noting Stock Advisor's total average return is 988% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Billy Duberstein and/or his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool has a disclosure policy. Why Advanced Micro Devices Rallied Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Why AMD Shares Are Jumping Today
June 6 - Shares of Advanced Micro Devices (NASDAQ:AMD) climbed nearly 10% on Monday trading after Piper Sandler raised its price target, citing growing optimism in the company's graphics processing unit (GPU) segment. Warning! GuruFocus has detected 3 Warning Signs with AMD. In a note to clients, analyst Harsh Kumar said AMD's core client business is showing signs of recovery, pointing to early demand strength. Piper Sandler increased its price target on AMD to $140 from $125 while maintaining a Buy rating. The note follows recent updates from AMD, which unveiled its new MI350 series of AI accelerators last week and gave an early preview of the next-gen MI400 platform. These products are designed to compete in the fast-growing artificial intelligence hardware market. The rally in AMD comes amid heightened investor interest in chipmakers focused on AI workloads, a space where competitors such as Nvidia (NASDAQ:NVDA), Intel (NASDAQ:INTC), Marvell Technology (NASDAQ:MRVL), and Broadcom (NASDAQ:AVGO) also operate. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
AMD Shares Rally on GPU Snapback Outlook
AMD (NASDAQ:AMD) shares surged nearly 8% Monday after Piper Sandler's Harsh Kumar reiterated his Buy rating and lifted his price target to $140 from $125, citing a snap back in the GPU business driven by early pull-ins in the client segment. Kumar pointed to supply-chain checks showing starting to see some pull-ins, suggesting that end-market demand for Radeon GPUs is recovering amid broader AI-driven compute upgrades. Last week's AI event offered further color: AMD unveiled its MI350 series accelerators and teased next-year's rack-scale MI400/450 chips, which Morgan Stanley's Joseph Moore says could be the longer-term potential inflection if delivery matches expectations. Warning! GuruFocus has detected 3 Warning Signs with AMD. Moore maintained an Equal-Weight rating with a $121 target, noting customer feedback from Meta (NASDAQ:META), Oracle (NYSE:ORCL), OpenAI, Microsoft (NASDAQ:MSFT), Cohere (NYSE:COHR) and HUMAIN was constructive but not thesis changing, yet he acknowledged early indications that MI400 performance may rival Nvidia's Vera Rubin line. Why it matters: Renewed GPU momentum could bolster AMD's data-center growth story and chip-maker valuation relative to peers still grappling with inventory corrections. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
AMD Shares Rally on GPU Snapback Outlook
AMD (NASDAQ:AMD) shares surged nearly 8% Monday after Piper Sandler's Harsh Kumar reiterated his Buy rating and lifted his price target to $140 from $125, citing a snap back in the GPU business driven by early pull-ins in the client segment. Kumar pointed to supply-chain checks showing starting to see some pull-ins, suggesting that end-market demand for Radeon GPUs is recovering amid broader AI-driven compute upgrades. Last week's AI event offered further color: AMD unveiled its MI350 series accelerators and teased next-year's rack-scale MI400/450 chips, which Morgan Stanley's Joseph Moore says could be the longer-term potential inflection if delivery matches expectations. Warning! GuruFocus has detected 3 Warning Signs with AMD. Moore maintained an Equal-Weight rating with a $121 target, noting customer feedback from Meta (NASDAQ:META), Oracle (NYSE:ORCL), OpenAI, Microsoft (NASDAQ:MSFT), Cohere (NYSE:COHR) and HUMAIN was constructive but not thesis changing, yet he acknowledged early indications that MI400 performance may rival Nvidia's Vera Rubin line. Why it matters: Renewed GPU momentum could bolster AMD's data-center growth story and chip-maker valuation relative to peers still grappling with inventory corrections. This article first appeared on GuruFocus.
