AMD Hits Initial AI Target; Stone Fox Capital Sees $1,000 Share Price Next

The useful part

AMD's AI GPU business is bolstered by contracts with OpenAI, Meta, and Anthropic, each committing to multi-billion-dollar chip purchases, and is further bolstered by the success of Muse. The AI data center accelerator TAM is projected to reach $1.4 trillion by decade-end, with a total addressable market of up to $2 trillion. I maintain an ultra-bullish thesis, targeting $1,000 per share as AMD executes on $100 billion+ in additional AI sales and a $30+ EPS potential.

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• First AI Target Hit, Likely $1,000 Up Next (NASDAQ:AMD) | Seeking Alpha Stone Fox Capital Investing Group Leader Follow Summary Advanced Micro Devices reached a $1 trillion valuation and hit the $600 price...
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What to take from it

Investing includes risks, including loss of principal. Learn More » Gizem Gecim/iStock via Getty Images Advanced Micro Devices, Inc. (AMD) just hit an initial price target, reaching a $1 trillion valuation in the process.

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Details worth keeping

Mark Holder is a CPA with degrees in Accounting and Finance. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned.

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