AMD stock should benefit from next-generation computer chips

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AMD-Nasdaq Advanced Micro Devices

Buy (four stars out of five) • Price $64.52 on December 23rd.

CFRA

Our BUY recommendation reflects our expectation of a significant increase in the share of CPUs in the data center as a result of the next generation AMD EPYC processor, greater momentum in AMD GPUs, and our expectation of an improved balance sheet.