Roth MKM analyst Suji Desilva lowered the firm’s price target on AMD to $180 from $190 and keeps a Buy rating on the shares. The company’s Q1 revenue and guidance were essentially in line with consensus, reflecting AI GPU momentum upside and ongoing muted non-AI segment demand, the analyst tells investors in a research note. The firm adds that it is . encouraged that the company raised its 2024 AI GPU revenue expectation and is also seeing a tailwind with client AI PC that is offsetting persistent inventory impact in other segments.
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