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AMD (AMD) Rallies as BofA Bullish on AI Agent Server CPU Market

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The Story

News Summary

  • AMD stock rose on Thursday after Bank of America raised its long-term TAM outlook for the server CPU market.
  • BofA cited the rise of AI agents, which is shifting the CPU-to-GPU ratio toward 1:1, as a major growth driver for AMD's core business.
  • Morningstar also maintained its bullish fair value estimate.
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493.41 +139.37% over the displayed period

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