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Target Price for AMD & SMCI After Earnings?
AMD's first-quarter performance exceeded expectations, with a significant surge in data center revenue. However, the company's revenue guidance is weak. While SMCI raised its full-year profit forecast, its stock performance was extremely volatile. Initially, it rose by over 10% on optimistic expectations, but then rapidly dropped by nearly 12% due to market concerns. Such drastic fluctuations may reflect investors' worries about the sustainability of profits. ------------------------ What's your target price for AMD & SMCI?
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