Core Viewpoint - Citigroup raised AMD's target price from $100 to $120 while maintaining a "neutral" rating, highlighting investor concerns about profitability despite high expectations for new AI-focused products [1] Group 1: Analyst Insights - Analyst Christopher Danely noted that investors are closely watching AMD's release of MI355X and updates on MI400, with concerns about how the company plans to improve its financial situation [1] - Danely pointed out that AMD has advantages over Nvidia, such as larger HBM capacity for MI355X and greater flexibility in its ROCm software, but Nvidia is expected to remain the market leader [1] - Danely anticipates that AMD will gain momentum in the second half of 2025, driven by a recovery in its high-margin Xilinx business and the potential impact of MI355X and MI400 on its AI business [1] Group 2: Market Trends - Bank of America analyst Vivek Arya observed strong sales momentum for AMD in Q2, driven by the launch of higher average selling price (ASP) products [2] - Arya also noted the potential for typical seasonal strength in the second half of the year, supported by the recent release of new Ryzen Xbox gaming chips for Microsoft's upcoming ROG Xbox Ally handheld device [2]