Read How Analysts Reacted To AMD's Q4 Results - Advanced Micro Devices (NASDAQ:AMD)

Analysts remain optimistic on Advanced Micro Devices Inc AMD post Q4 beat.
Keybanc analyst John Vinh maintained AMD with an Overweight and raised the price target from $155 to $165 (41.3% upside).
Summit Insights analyst KinNgai Chan reiterated his Hold rating on AMD after its better than expected Q4 results.
The analyst notes that the company will continue to outperform near-term expectations through the first half of the year due to market share gains against Intel Corp INTC in both the PC client and the data center markets.
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However, those gains will moderate toward the end of the first half as Intel refreshes its product line.
Chan's industry checks indicate a high probability of increased price competition in the CPU market in the second half of the year.
Price Action: AMD shares traded higher by 11.3% at $130.02 in the premarket session on the last check Wednesday.