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AMD's AI Future Is in Sight, but Are Expectations Too High?

Some analysts were relieved by AMD's latest artificial-intelligence disclosures, but one warned of a lack of 'specs or anything that might help to gauge uptake'. Advanced Micro Devices Inc. offered some relief to investors as the company further discussed its artificial-intelligence roadmap Tuesday, but there remain many unknowns.While the chip company reported earnings that were slightly better than-expected on Tuesday, Wall Street seemed more focused on AMD's future opportunities around AI, especially as rival Nvidia Corp. is increasingly synonymous with the hot market for AI accelerators."We had thought AMD's AI products would be margin dilutive, but the company stated it should be margin accretive," he wrote, as he raised his rating on the stock to buy from neutral and lifted his target price to $136 from $120. "We also thought investors would eventually tire of the expensive valuation of AMD stock and we were wrong on that count as well.". AMD executives "themselves suggested a
AMD's AI Future Is in Sight, but Are Expectations Too High?
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