$4 billion Piper Sandler names AMD as top-stock pick for end of 2024

On June 20, Piper Sandler analysts have named Advanced Micro Devices (NASDAQ: AMD) stock their top large-cap pick for the second half of 2024. This decision follows positive feedback from discussions with the chipmaker’s management in Europe last week. The investment bank was particularly impressed with AMD’s strategy and competitive positioning, especially concerning the MI300 accelerator series, which is expected to generate over $4 billion this year.Launch of new AI chips is poised to bolster AMD stock g ...