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Jefferies reiterates on AMD Buy after Epyc event; shares up over 2%

Published 06/21/2017, 07:18 AM
© Reuters.  Jefferies reiterates on AMD Buy after Epyc event; shares up over 2%
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  • Jefferies reiterates Advanced Micro Devices (NASDAQ:AMD) at a Buy rating with $16 price target following yesterday afternoon’s launch event for new Zen MPU Epyc.
  • Analyst Mark Lipacis discusses the key reveals during the event including the fact that Baidu, Microsoft (NASDAQ:MSFT) Azure, Dropbox, and Bloomberg all plan to put Epyc in their data centers.
  • Dell EMC (NYSE:EMC), SuperMicro, and HP all announced Epyc-based SKUs.
  • Lipacis expects Epyc to capture 7% of the total server market by the end of next year.
  • Source: StreetInsider
  • Latest AMD analyst standings: 5 Buy, 5 Outperform, 17 Hold, 2 Underperform, and 2 Sell.
  • Median price target: $12.50.
  • AMD shares are up 2.06% premarket to $12.90 after closing yesterday up nearly 6%.
  • Now read: AMD Drops On Weak Earnings Report: Should Investors Buy Now?


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