AMD shares pop after analyst predicts 'rapidly improving profitability' and 20% rally
- Nomura Instinet highlighted AMD's "high revenue growth and rapidly improving profitability" in validating its steep earnings multiple and new $33 price target.
- "AMD's reported GAAP EPS will climb through 2019 and rise meaningfully in subsequent years from roughly breakeven," analyst David Wong writes.
- Nomura also initiated coverage on Intel with a buy rating and a $65 price target, dubbing the company the "world leader in processors for artificial intelligence"
![[Bild: AMDc1dl0515.png]](https://finviz.com/publish/040419/AMDc1dl0515.png)
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