An analyst upgraded Advanced Micro Devices (AMD) to a Buy rating, citing accelerating momentum in the AI infrastructure market.
The Data Center division reported 107% year-over-year revenue growth in the second quarter. This segment now accounts for 58% of the company's total revenue.
High demand for EPYC server processors and Instinct AI accelerators fueled the record performance. The analyst noted that strong earnings visibility and an expanding AI portfolio justify a more optimistic outlook despite a demanding valuation.