Piper Sandler initiated coverage on a slew of compute names, including Advanced Micro Devices and Nvidia, with overweight ratings. It also placed a $600 price target on AMD, a 15% gain from Wednesday’s close, and a $300 price target on shares of Nvidia, implying a 34% rise from Wednesday’s closing price.
The rise of agentic artificial intelligence is making compute even more in demand than it was before. Piper Sandler thinks two major players are set to be winners amid the crunch.
Continue Reading with
CNBC-TV18 Access Membership
Priority Access and Networking: CNBC-TV18’s flagship events
Interaction with CNBC-TV18’s journalists
Webinars & LIVE Q&As with India Inc. Leaders
Exclusive CNBC-TV18 studio & newsroom tours
Premium business insights, expert opinions & analysis
Curated lifestyle privileges & offers
