Piper Sandler analyst Harsh Kumar lowered the firm’s price target on AMD (AMD) to $180 from $200 and keeps an Overweight rating on the shares. The firm notes AMD slightly beat street consensus for the September quarter on the top line and met expectations for December guidance. That said, the highlight of the call was that 2024 GPU revenues are expected to be above $5B, which had been the benchmark for investors, Piper adds.
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