UPDATE: Goldman Maintains Neutral On Advanced Micro Devices, Raises Target To $44 As Firm Notes 'we stay Neutral-rated based on':

'1) Intel’s decision to grow wafer capacity by 25% in order to support high-single digit % growth in client CPU units in 2020, and 2) the stock’s current valuation of 20x our 2022 EPS (incl SBC) estimate

Benzinga · 01/29/2020 15:34

'1) Intel’s decision to grow wafer capacity by 25% in order to support high-single digit % growth in client CPU units in 2020, and 2) the stock’s current valuation of 20x our 2022 EPS (incl SBC) estimate of $2.49'