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Technology Stocks : AMD, ARMH, INTC, NVDA

AMD 250.10

-3.7%

Nov 4 3:59 PM EST

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From: Pravin Kamdar	10/14/2019 1:26:58 PM
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Is this the reason for AMD's price strength today? “Don’t be distracted by the [near-term] noise—AMD’s lineup of 7nm products has driven strong initial share gains while competitive road maps remain in flux, and console headwinds become tailwinds in 2020,” Cowen analyst Matthew Ramsay wrote on Sunday in a note entitled “Busy Quarter of Noise, Fundamental Share Gains, Thesis On Track.” AMD shares were down 0.3% to $29.65 in Monday trading. The analyst still expects AMD’s new server chip called Rome will gain significant share against Intel next year. He cited how AMD’s chip offers materially better performance for the price versus its competition. “Combined with announced partners Amazon, Microsoft, Baidu, and Tencent, we believe this has the potential to allow AMD to quickly capture x86 server share against Intel’s road map,” he wrote. Ramsay reaffirmed his Outperform rating and $40 price target for AMD shares. That price target implies about 35% upside from the current price. barrons.com

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