Form 8-K ADVANCED MICRO DEVICES For: Aug 17
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/13/2026
- US stocks close down as oil spikes 12%, job market weakens
- U.S. nonfarm payroll employment unexpectedly falls in February
- Oracle stock falls on report of scrapped Texas data center plans
- Kuwait cuts oil output as storage fills up
- Boeing reportedly nearing 500-aircraft deal with China ahead of Trump visit
- After-hours movers: Marvell, Samsara, GAP, Cooper Cos.
- After-hours movers: Broadcom, StubHub, Cracker Barrel, Grocery Outlet, Veeva Systems and more
- After-hours movers: Moderna, CrowdStrike, Ross Stores, Box and more
- After-hours movers: MongoDB, Credo, SoFi Technologies and more
- After-hours movers: Dell, Block, CoreWeave, Autodesk, MARA and more
Citi Reiterates Buy Rating on AMD (AMD)
August 21, 2024 4:59 AM UTCCiti analyst Christopher Danely reiterated a Buy rating and $210.00 price target on AMD (NASDAQ: AMD)
The analyst comments "Yesterday, AMD announced it will acquire ZT Systems for $4.9 billion with a 75% cash and 25% stock transaction. ZT Systems is a manufacturer for AI... More
Barclays Reiterates Overweight Rating on AMD (AMD)
August 20, 2024 5:35 AM UTCBarclays analyst Blayne Curtis reiterated an Overweight rating and $180.00 price target on AMD (NASDAQ: AMD)
The analyst comments "Our Take: In our view, this cements the systems-based approach NVDA has championed as potentially the majority of shipments in the coming year plus. AMD could have announced a board level/system-based solution tomorrow and we wouldn't... More
Piper Sandler Reiterates Overweight Rating on AMD (AMD), 'remains our top large-cap pick'
August 20, 2024 5:11 AM UTCPiper Sandler analyst Harsh Kumar reiterated an Overweight rating and $175.00 price target on AMD (NASDAQ: AMD)
The analyst comments "This morning, AMD filled a major gap in its system level offering with the announcement of the proposed acquisition of ZT... More
Edward Jones Starts AMD (AMD) at Buy, Adds to Stock Focus List
August 20, 2024 5:08 AM UTCEdward Jones analyst Logan Purk initiates coverage on AMD (NASDAQ: AMD) with a Buy rating.
The analyst comments "We are initiating coverage of AMD with a Buy rating and adding shares to the Stock Focus List. We believe the company should deliver outsized... More
Melius Reiterates Buy Rating on AMD (AMD)
August 19, 2024 4:04 PM UTCMelius analyst Ben Reitzers reiterated a Buy rating and $205.00 price target on AMD (NASDAQ: AMD).
The analyst comments "Going in Right Direction: While the deal doesn't seem to have material impact on our estimates at this time, we like the direction AMD is going in acquiring systems expertise and engineers with close ties to the big clouds. Nvidia's innovation with rack-scale systems... More
Goldman Sachs Reiterates Buy Rating on AMD (AMD)
August 19, 2024 4:03 PM UTCGoldman Sachs analyst Toshiya Hari reiterated a Buy rating and $175.00 price target on AMD (NASDAQ: AMD).
The analyst comments "On August 19 (pre market open), AMD announced the signing of a definitive agreement to acquire ZT Systems in a cash and stock transaction... More
Roth/MKM Reiterates Buy Rating on AMD (AMD)
August 19, 2024 3:59 PM UTCRoth/MKM analyst Suji Desilva reiterated a Buy rating and $200.00 price target on AMD (NASDAQ: AMD)
The analyst comments "We believe AMDs announced ZT Systems acquisition provides an experienced hyperscaler-focused AI infrastructure engineering team that can accelerate deployment of the companys... More
Truist Securities Reiterates Hold Rating on AMD (AMD)
August 19, 2024 3:58 PM UTCTruist Securities analyst William Stein reiterated a Hold rating and $156.00 price target on AMD (NASDAQ: AMD)
The analyst comments "Minimal financial impact. AMD will pay $4.9B for ZT using 75% cash and 25% stock. For the 75% cash requirement, the company stated that it will partially... More
Deutsche Bank Reiterates Hold Rating on AMD (AMD)
August 19, 2024 12:03 PM UTCDeutsche Bank analyst Ross Seymore reiterated a Hold rating and $150.00 price target on AMD (NASDAQ: AMD)
The analyst comments "This morning, AMD announced its intention to acquire server systems provider ZT Systems in a $4.9b deal for a combination of 75%/25% cash/stock (inclusive of $400m contingent payment). The primary goal of the deal appears to be the acquihire of 1k scarce systems design engineers to augment AMD's existing suite of component solutions (GPU/accelerator, CPU, networking, and software) and further accelerate AMD's penetration of system- and... More
Wolfe Research Reiterates Outperform Rating on AMD (AMD)
August 19, 2024 9:30 AM UTCWolfe Research analyst Chris Caso reiterated an Outperform rating and $210.00 price target on AMD (NASDAQ: AMD).
The analyst comments "Key Takeaways. At first glance, AMD's acquisition of ZT Systems allows the company to more easily design fully integrated solutions such NVDA GB200 NVL rack systems.... More
