Wedbush lowered the firm’s price target on AMD (AMD) to $150 from $200 and keeps an Outperform rating on the shares ahead of the earnings report. The firm moderated its outlook for AMD’s 2025 results with reduced expectations around artificial intelligence graphics processing unit sales, partially offset by increased server expectations. There are some signs that AMD is moderating its build expectations, the analyst tells investors in a research note. However, Wedbush believes its reduced estimates changes are already baked into buy-side expectations.
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