Analysts are bullish on AMD's prospects, especially with its...

Analysts are bullish on AMD's prospects, especially with its MI300 chip. They predict that enhanced supply and robust demand could lead to substantial growth in 2024. The analysts' target prices suggest a hefty trailing price-to-earnings multiple of at least 75 times for AMD, which could shrink rapidly if AMD solidifies its role as the main alternative AI chip supplier to Nvidia.