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BOA bank sees $Advanced Micro Devices (AMD.US)$ share jumpin...
BOA bank sees $Advanced Micro Devices (AMD.US)$ share jumping to more than 35% in the long run compared to this year's estimate of 13%.
Bank of America estimates that AMD's share of the $70 billion CPU market is still at 15%, leaving a lot of room for the chipmaker to grow its revenue.
In the server market, specifically, the investment bank sees AMD's share jumping to more than 35% in the long run compared to this year's estimate of 13%.
In addition, Hans Mosesmann of Rosenblatt Securities has raised his price target on AMD stock to $200 from $180. This points toward a 60% potential upside in AMD stock from its closing price on Feb. 4.
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