One Analyst Asserts Customers Are Only Buying AMD GPUs To “Stimulate Competition And Price-Check NVIDIA,” Channel Checks Indicate “Significant” Inventory Build ...Middle East

AMD has had some successes recently in reversing the negative perception around the supposed inferiority of its AI GPU offerings in relation to NVIDIA's, which continue to reign as the industry standard. However, one Wall Street analyst remains decidedly cautious on AMD's near-term prospects, recommending a wait-and-see approach for now. To wit, Truist Securities analyst William Stein has reiterated a 'Hold' rating on AMD shares, replete with a stock price target of $111 per share, which corresponds to a downside potential of around 20 percent relative to the current share price of ~$137.70. Stein alludes to the ongoing debate on […]

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