After analyzing third party data, Wells Fargo says that AMD's (AMD) EPYC server processor "may well offer better absolute performance and price/performance than Intel's current Broadwell generation server processors, and perhaps comparable performance and price/performance to Intel's upcoming Skylake processors which are scheduled for launch...on July 11." The analyst says that AMD's new accelerator products and its potential momentum in the server processor market "may well help AMD begin to establish itself in the datacenter accelerator market." Wells keeps an Outperform rating on AMD.

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TD Cowen raised the firm's price target on AMD to $200 from $185 and keeps a Buy rating on the shares. The analyst expect data center strength and "well-known softness elsewhere" when AMD reports Q1 results. The firm sees AMD as generating upwards of $10.00 in earnings per share by 2027, or a nearly 40% annual growth off of 2023. TD increased its MI300 2024 revenue estimate to $4.5B from $4B, saying ramps at several customers will continue to happen more quickly than typical. AMD remains one of its top picks.