Goldman Sachs Calls AMD a Solid 'AI Winner' but Sees Limited Upside After Q3 Results
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Goldman Sachs has labeled AMD as a strong contender in the AI sector following its impressive Q3 results, with revenue of $9.2 billion surpassing expectations. Despite a slight dip in profit margins, AMD's outlook remains positive, forecasting Q4 revenue of $9.6 billion. Analysts maintain a Moderate Buy consensus on AMD, with an average price target of $250.79, suggesting the stock is near fair value. However, Goldman anticipates limited upside in the near term due to high investor optimism and pressure on margins.
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