08:05 AM EDT, 06/24/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target to $165 from $125, on an above-peer/below-historical P/E of about 28x our 2026 EPS. We cut our 2025 EPS view to $3.85 from $4.17 , and keep 2026's at $5.90. Our upgrade reflects several factors. First, we see AMD closing the competitive gap to NVIDIA in 2026 as it launches the MI400x and prepares to shift to rack-scale solutions, with the ZT deal complete, offering GPU sales upside. We see an expanding customer base for AMD's accelerators (e.g., Oracle, OpenAI) while the company is also making progress with its open-source AI software stack (ROCm). Although China export restrictions are constraining near-term GPU revenue ($1.5B headwind in 2025 $700M in Q2 and $800M in Q3) and tariffs remain an unknown (e.g., 232 semiconductor investigation), GPU server revenue is seen sharply recovering starting in Q4. We see emerging Sovereign AI opportunities and potential scenario where AMD can return to China (dependent on U.S./China negotiations).