Advanced Micro Devices (NASDAQ: AMD) can easily hit $300 and $500 in time, as the robust AI-driven outlook continues to brighten. The primary takeaways from the company’s first investor day in three years are that its long-term forecasts have been raised and are likely to remain low.
Dr. Su, who has issued overly cautious forecasts in the past, is forecasting a 35% compound annual growth rate (CAGR) in revenue over the next three to five years, underpinned by demand for data centers and AI.
