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AMD a Buy on AI Advantage Over Nvidia: Rosenblatt

Shoshanna Delventhal

The Street continues to shower Advanced Micro Devices Inc. ( AMD) with applause, driving shares up a whopping 196% as of Wednesday morning as the stock trades up roughly 1.1% at $30.42. In a note to clients on Tuesday, Rosenblatt Securities analyst Hans Mosesmann lifted his 12-month price target on shares of the Santa Clara, Calif.-based semiconductor manufacturer by 33%, from $30 to $40, citing a faster than expect ramp up of its next generation 7-nanometer graphics processing unit (GPU) and its manufacturing advantage over rivals such as Nvidia Corp. ( NVDA).