AMD Gets Upgraded to Outperform by KeyBanc Amid Surge in Datacenter Demand

The upgrade comes as major cloud service providers and hyperscalers continue to prioritize AMD’s EPYC and Ryzen Pro processors for their high-performance computing needs. In its report, KeyBanc highlighted the growing demand for AMD’s datacenter products, driven by increasing adoption among top tech companies. AMD’s strong position in the growing market of server processors has been reinforced by several major cloud providers switching to the company’s EPYC platform. These moves are expected to continue in 2023 as hyperscalers further diversify their offerings to cater to a wider range of workloads. KeyBanc analyst, Daniel Ives, stated that “AMD’s momentum is building,” driven by its competitive pricing and expanding product lineup. The firm has predicted steady growth for AMD’s datacenter segment over the coming years, driven by increasing demand from cloud service providers. With its expanded EPYC platform and growing presence in key markets, AMD is well-positioned to capitalize on the surging demand for high-performance computing solutions.