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Piper Sandler Initiates AMD with Buy Rating and $600 Target on AI Growth

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The Story

News Summary

  • Piper Sandler initiated coverage on AMD with a Buy rating and a $600 price target.
  • The firm projects roughly 50% annual revenue growth through fiscal 2030, driven by agentic AI workloads boosting server computing demand for AMD's EPYC processors and Helios platform.
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AMD price history

516.13 +140.00% over the displayed period

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