$Advanced Micro Devices(AMD)$ UBS just raised its price target from $455 to $670, which basically reinforces the longer-term share gain narrative.
The core idea is pretty straightforward:
Intel's roadmap execution still looks messy.
AMD keeps taking share in CPUs.
The core count and multithreading advantage is still doing work.
Why it matters:
CPU share shifts are slow… until they aren't.
Small execution gaps compound over cycles.
Enterprise adoption tends to stick once it flips.
It feels like the market is still not fully pricing in the structural upside here.
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