Advanced Micro Devices got a rating hike at KeyBanc.
KeyBanc Capital Markets analyst John Vinh boosted his rating on AMD shares to 'overweight', while mentioning that that demand for its data center chips should "meaningfully outpace" growth in the broader industry, especially with links to flexible CSP contracts with tech giants Microsoft and Meta
AMD expects to complete its takeover of Xilinx by the end of the current quarter. According to Vinh, this will will add a new dimension of programable FPGA semiconductors and, which will position it well for the long-term transition to heterogeneous compute architectures.
Vinh has a price target of $155 per share.