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Loop Capital Reaffirms Buy Rating on AMD
Yahoo Financeยท 2025-11-24 23:17
Core Insights - Advanced Micro Devices, Inc. (AMD) is recognized as one of the best long-term stocks to buy according to Reddit discussions [1] - Loop Capital maintains a Buy rating on AMD, highlighting its potential for revenue growth in the data center market and aims for non-GAAP earnings per share to exceed $20 in the next three to five years, with a price target set at $290 [2] - AMD's third-quarter revenue increased by 36% year-over-year to $9.2 billion, with adjusted earnings per share rising by 30%, indicating profitable scaling of the business [3] - The company's competitive edge is attributed to its cost-to-performance advantage, with its fifth-generation Epyc server processors gaining market share from Intel and the MI300 GPU line being effective for AI inference tasks [4] - AMD is positioned as a leader in high-performance and adaptive computing, contributing to significant technological innovations [5]