AMD is my favorite for a breakout attempt among semiconductor stocks
Melius Research upgrades from $110 to $175 and from "Hold" to "Buy"
The addressable market of $500 billion with AI chips is exceeded
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Advanced Micro Devices (AMD, i) is, in my opinion, the top breakout opportunity in the semiconductor industry. A correction phase that has lasted over a year should now come to an end for several reasons: The demand for AI inference is more than 80% per year higher than previously expected. AMD offers good value for money with its new MI350 and MI400 series, and has already secured important customers such as Oracle, Microsoft, Meta, xAI, and OpenAI. Altman refers to the planned rack-scale AI system "Helios" for next year as "completely insane,"...
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