Barclays analyst adjusts AMD price target, sees AI workload shift benefiting the chipmaker
By
Hillary Remy
Front-window bakery material. Catches the eye, delivers the goods.
Summary
Barclays analyst Tom O'Malley (top 1% of Wall Street analysts) has adjusted AMD's stock price target, arguing that the AI trade's focus on Nvidia GPUs may be overlooking AMD's potential. O'Malley's thesis centers on a shift in how AI workloads are evolving, which he believes directly benefits AMD in the semiconductor space.
Key quotes
· 3 pulledThe AI trade has spent two years being almost entirely about GPUs.
Tom O'Malley at Barclays just said that framing may be missing the next big move in semiconductors.
His argument centers on a single shift in how AI workloads are evolving, and it points directly at AMD.
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