After meeting with management, Oppenheimer analyst Rick Schafer notes that AMD is poised to launch its new 7nm CPU line-up for server and PC, as well as new 7nm Vega. The analyst also points out that its Epyc2, based on Zen 2 architecture and launching in Q3, "takes a notable leap forward," expanding AMD's opportunities in HPC, Cloud and virtualization workloads. Schafer sees Epyc2 positioning AMD for accelerated server share gains and forecasts 7% or better share by end of year and 10% share by mid-2020. The analyst has a Perform rating on the stock.

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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.