AMD: Positioned As The One-Stop-Shop For AI Data Centers

luza studios/E+ via Getty Images Advanced Micro Devices (NASDAQ:AMD) recently announced their acquisition of ZT Systems in a deal valued at $4.9b. Though this deal will not necessarily be directly accretive to the top-line, management anticipates the acquired design team will create synergies across the company and accelerate their go-to-market strategy for their Data Center segment. I am reiterating my STRONG BUY recommendation for AMD shares with a price target of $225/share at 11x eFY25 price/sales.  ...