"AMD's Rapid AI Advancements Predicted to Drive Over 25% Stock Gain"

Analyst Ben Reitzes of Melius Research predicts a 25% stock gain for AMD, likening the company to a "mini-Nvidia" with its rapidly unfolding AI story and potential for significant revenue growth in the AI sector. Reitzes raised the price target for AMD shares to $265 and expects substantial AI revenue in the coming years. Despite AMD's rise, he suggests holding onto Nvidia shares, noting that Nvidia's success is expanding the market and driving awareness for AI solutions. The total addressable market for AI accelerators is projected to be massive, with AMD's potential now appearing more credible given Nvidia's figures.