TSP Weekly Tech Stock Update—June 21, 2025
This Week: AMD shares outperform, MSFT/CRWD new all-time highs, BofA bullish on Datadog, Snowflake's new product traction, Monday's AI strategy, cloud database M&A, JP Morgan upbeat on Zscaler & more.
Hello from Rob…
—AMD (AMD, $128.24) shares this week advanced 10.4%, sharply outperforming the 1.3% gain from NVIDIA (NVDA, $143.85). So far in June, AMD is up 15.8%, while NVIDIA has risen 6.4%.
At its recent Advancing AI event, AMD officially launched its MI355X AI chip and previewed the next-generation MI400 GPU and Helios AI rack-level solution.
Benchmark says Oracle (ORCL) is expected to be among the first industry leaders to adopt the AMD Instinct MI355X-powered rack-scale solution, followed closely by Meta (META), OpenAI and Microsoft (MSFT). The firm reiterated its AMD price target of $170, saying the company’s attractive and increasingly competitive AI roadmap should lead to continued market share gains.
Evercore ISI raised its AMD target to $144 from $126 because its checks show the company making progress on the ROCm software stack and in penetrating hyperscaler internal inferencing workloads, as hyperscalers strive to diversify their AI chip supplier base.
Stifel noted AMD’s continued focus on inference workloads, which management expects to drive the overall AI accelerator TAM faster than training over the next several years. The firm reiterated its AMD price target of $132, saying it continues to view the company’s product roadmap execution positively, with expectations for ongoing traction in Tier-1 infrastructure deployments.
*Inside This Issue: Datadog Shares Continue To Rebound
—Paid subscribers will receive the July 2025 PDF of Tech-Stock Prospector (TSP #281) via email on Tuesday, July 8.
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