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AMD jumped 14.9% and was set to add more than $86 billion in market value, if gains hold.
AMD raised its server CPU addressable market growth forecast to over 35% annually through 2030.
KEY POINTS
- At least 20 brokerages increased AMD's price target, with Evercore ISI's $579 the highest on Wall Street.
- AMD's valuation has climbed to 42.4 times forward earnings, double Nvidia's multiple.
- Super Micro forecasted above-expectation Q4 results despite legal concerns over illegal chip shipments to China.
COMPANIES
Summarized by Newsio from CNBC TV18. How we summarize →