I made an additional investment in AMD stock after Wells Fargo analyst Aaron Rakers reiterated a "Buy" rating with a $140 price target. AMD’s focus on expanding its data center GPU offerings, particularly the upcoming CDNA 4-based MI350X, is key to driving growth in AI training capabilities. This strategic move is expected to significantly enhance AMD’s position in the data center market. With strong growth prospects and a solid portfolio strategy, I see AMD as a compelling investment for long-term growth.
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