AMD price target raised to $200 from $180 at Roth MKM

Roth MKM raised the firm’s price target on AMD to $200 from $180 and keeps a Buy rating on the shares. The firm believes AMD’s recent AI software acquisition and the multiple additional acquisitions that came previously can drive increasing adoption of open-source AI software tools and help close the gap with leading proprietary AI frameworks. The analyst added that the firm thinks the company’s improving software position will drive increasing traction for its Instinct AI processor family.