Evercore ISI Raises Price Target on AMD Amid Shift in AI Market Focus
On May 19, Evercore ISI raised its price target for Advanced Micro Devices (AMD) to $579 from $358 while maintaining an Outperform rating. The firm cited a shift toward inference-led AI workloads and increased hyperscaler interest in ASICs as key drivers.
Tickers: $AMD
Topics: AI Market Shift AMD Stock Analysis