$AMD(AMD.US) - BOFA: INTEL–NVIDIA DEAL COULD HELP AMD
Intel’s partnership with Nvidia has pressured AMD shares, but Bank of America says the impact may be positive for AMD.BofA raised Intel’s price target to $34 (Neutral) but kept AMD at Buy with a $200 target, citing AI growth and CPU share gains. Analysts argue:🔸 x86 success benefits both Intel and AMD, even if some of AMD’s cloud edge fades.🔸 Intel’s projects with Nvidia will take years, giving AMD near-term momentum.🔸 Intel risks distraction from managing Nvidia, SoftBank, and U.S. government ties.🔸 Intel still relies on Nvidia for graphics, leaving AMD stronger in PCs.The copyright of this article belongs to the original author/organization.
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