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Mizuho: Upregulated AMD (AMD. US) price target to $135, is expected to start from Intel (INTC. US) benefit from foundry transformation

Zhitong Finance APP learned that Mizuho analyst Vijay Rakesh will be AMD (AMD. US) raised its price target to $135 from $110 and reiterated its "buy" rating on the stock. Rakesh said AMD published "solid" results and performance guidance, intel (INTC. US) has recently accelerated the pace of transformation of its foundry business, which could further increase AMD's market share in the server space.

In March, Northland analyst Gus Richard noted that Intel's expansion into the foundry market would make AMD a TSM. US) will be the first object, and Intel will be an unpopular object. As a result, AMD's market share gain momentum is expected to continue.

Mizuho
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