HSBC analyst Frank Lee lowered the firm’s price target on AMD to $220 from $225 and keeps a Buy rating on the shares. The company’s Q1 results were in-line along with the Q2 guidance as PC and traditional data centers see better momentum, the analyst tells investors in a research note. The firm views AMD’s 2024 MI300 revenue guidance as “uninspiring” but still sees room for further upside surprises.
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