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AMD a Buy, three medium-term growth drivers seen By Investing.com

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Stifel maintained a buy rating and $200 per-share price target on AMD (NASDAQ:) in a note Tuesday, despite the stock's underperformance compared to the broader market and competitor Nvidia.

Analysts admit to mixed feelings about AMD due to concerns about future performance in the AI, PC and server markets. However, the note highlights three key drivers of AMD's growth in the medium term:

Investment in AI infrastructure: Analysts see AMD benefiting from continued investments in AI infrastructure.

Continued x86 CPU Share Gains: Analysts expect AMD to continue grabbing market share in the x86 CPU market from its competitors.

AI-driven PC refresh cycle: The report predicts the upcoming PC refresh cycle driven by the adoption of AI technologies, which could benefit AMD processor sales.

Analysts' confidence in these growth drivers outweighs current market concerns, prompting them to reiterate their buy AMD recommendation.

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