AMD on the fast lane: AI boom and record numbers in the data center!

AMD on the fast lane: AI boom and record numbers in the data center!

Roth/Mkm has renewed the "Buy" recommendation for AMD (Nasdaq: AMD) and confirms a price target of $ 200.00. This is followed by the company's sensational presentation at the "Advancing Ai" event, where AMD presented its strategy in the rapidly growing AI infrastructure sector. The company's forecasts are breathtaking: an addressable market of $ 500 billion by 2028, with an annual growth rate of 60%. In the third quarter of 2024, AMD reported a record market share of 34% in cloud-x86 processors, which shows significant progress in the Hyperscale area.

The heart of AMD's growth forms the innovative Turin processor, which is intended to revolutionize the efficiency of cloud servers. Experts expect that an upcoming server upgrade cycle will continue to heat the need for advanced cloud solutions. In terms of performance, AMDS Q2 turnover with $ 5.835 billion exceeded the analyst expectations, while the data center segment increased by impressive $ 2.8 billion. With the introduction of new products that aim at AI performance, AMD positions itself as a leading provider for the demanding requirements of modern AI applications, such as de.investing.com reported.