AMD Explodes as Processor Presentation in Taiwan Impresses

By On June 06, 2018

AMD Explodes as Processor Presentation in Taiwan Impresses

AMD investors are picking up what the company is putting down.

Shares of Advanced Micro Devices Inc. (AMD) were up 5% Wednesday, June 6, following the company's presentation at the Computex conference in Taiwan on Tuesday night.

Rosenblatt analyst Hans Mosemann published a note Wednesday saying that he was impressed by the chipmaker's presentation at the conference, much more so than the presentations of rivals Intel Corp. (INTC) and holding Nvidia Corp. (NVDA) , which Mosemann described as blander than AMD's.

Nvidia shares were down 0.9% while Intel shares were down 0.4%.

Specifically, Mosemann was impressed with the presentation's suggestion that AMD could have both architectural and process node advantages in 2019, a proposition that Mosemann said was "inconceivable" before Computex.

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Mosemann is convinced that "AMD may be a more relevant player than the Street is willing to accept" based on its graphics processing unit and strategy to optimize CPU and GPU platform solutions.

Mosemann has a Wall Street-high $27 price target on AMD shares with a "buy" rating. The average price target for the company is $15, based on data from Bloomberg.

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Source: Google News Taiwan | Netizen 24 T aiwan

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