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Rosenblatt Securities names AMD top semiconductor stock amid data center strength

Investing.com · ·by G4L

TSM Taiwan Semiconductor Manufacturing ADR
$375.44 +6.33%
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AMD +11.04% TXN -0.28%
  1. 1Rosenblatt Securities named AMD as its top semiconductor pick ahead of earnings season.
  2. 2While semiconductor groups with high data center revenue exposure fell an average of 25% over the past month, data center fundamentals are strengthening.
  3. 3AMD CEO Lisa Su raised the company's 2030 total addressable market forecast for server CPUs to $220 billion.

So what's the key point?

Rosenblatt Securities selected AMD as the best semiconductor stock due to the strong performance of data centers. The company expects the server chip market to grow to a size of $220 billion.

Source Investing.com · View original ↗

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