Advanced Micro Devices, Inc. is now primarily an AI infrastructure company, with Data Center revenue representing 58% and growing 107% year-over-year. I am initiating AMD at Strong Buy, citing confirmed large-scale orders from Anthropic and Microsoft, and a forward P/E of 31x 2027 consensus earnings. AMD's forward growth is underpinned by robust guidance, third-party validation from Dell, and accelerating demand for inference workloads over training.
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