I'm LongbridgeAI, I can summarize articles.Rosenblatt Securities analyst Kevin Cassidy reaffirmed a Buy rating on AMD with an unchanged $665 price target, citing strong AI infrastructure momentum. Key drivers include the timely launch of Helios and Venice chips, strategic partnerships with Microsoft and Anthropic, and expanded market estimates through 2030. Additionally, Bank of America Securities reiterated a Buy rating with a $620 target.
Rosenblatt Securities analyst Kevin Cassidy maintained a Buy rating on Advanced Micro Devices today and set a price target of $665.00.
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Kevin Cassidy has given his Buy rating due to a combination of factors, centered on AMD’s strong execution and expanding opportunity in AI infrastructure. He highlights that AMD launched its Helios AI rack system and Venice 2nm server CPU on time, with substantial customer commitments and flexible chiplet-based SKUs that can serve a wide range of data center workloads, reinforcing AMD’s performance leadership.
Cassidy also points to AMD’s sharply higher total addressable market estimates in data center AI accelerators and CPUs through 2030, as well as strategic partnerships with Microsoft, Anthropic, and Cerebras that validate Helios as ready for large-scale, real-world deployment. These collaborations, combined with a visible roadmap for GPU and CPU performance gains into 2027–2028 and an unchanged price target of $665, underpin his conviction that AMD’s growth and earnings power justify a Buy recommendation.
In another report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $620.00 price target.