AMD Coverage Initiated with Neutral Rating by DA Davidson

DA Davidson initiated coverage of Advanced Micro Devices (AMD) with a Neutral rating. The firm set a price target of $220.00.

Analysts label AMD a "marginal AI accelerator player." The company maintains a strong position in consumer and server CPU markets.

The firm identifies challenges for AMD in large-scale AI deployments. AMD’s Instinct GPUs feature strong technical specifications. Real-world performance at scale makes the "effective cost per useful FLOP worse than advertised."