Will the bull rally for AMD continue? Citi says yes and expects GPU revenues of $50 billion by 2028!
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The geopolitical sigh of relief following the indicated peace breakthrough between the USA and Iran has robustly shaken up the tech sector just in time for the start of summer. The reason why chip and memory stocks like Advanced Micro Devices (i)(AMD), Micron, and Arm soared double digits is clear. The easing of tensions significantly alleviates pressure on global supply chains and dampens energy costs. For the tech world, this means a clear path for investments in compute-intensive AI infrastructures, exactly the environment in which AMD flexes...
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