MarketPR
Yahoo Finance Executive Editor Brian Sozzi reports that AMD CEO Lisa Su stated chip demand is strong and the company wishes it had more inventory to sell.
Sozzi noted this follows a bullish outlook from Micron, positioning the semiconductor sector for a significant earnings season.
Citigroup analyst Atif Malik raised his price target on AMD to $800, citing Meta's success with its AI model as a driver for increased CPU demand.
The firm also raised its total addressable market estimate for CPUs from $29 billion in 2025 to $300 billion in 2030.
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