Advanced Micro Devices, Inc. maintains a Buy rating despite an 80x forward P/E and a 30% rally last month because a higher terminal value can justify its near-term high valuation multiple. The Data Center segment is expected to more than double its revenue YoY next year, showing strong growth acceleration and sustainability. Management now expects to significantly exceed the $20 EPS target within the strategic timeframe, implying a 75% EPS CAGR through FY2028.
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