$Cerebras Systems(CBRS)$ Four analyst initiations came out today: UBS initiated with a Buy rating and a $300 target (+49%). Mizuho gave it an Outperform rating, also at $300 (+49%). Barclays issued an Overweight rating with a $280 target (+39%). Morgan Stanley initiated with an Overweight rating at $250 (+24%). All are bullish. The average price target is around $283.
$Advanced Micro Devices(AMD)$ June 2nd - Barron's article on Cathie Wood. Nvidia stock was gaining early Tuesday. The fund manager trimmed holdings of AMD, which could be seen as a vote of confidence for Nvidia. Overall, ARK Invest still holds a much larger position in AMD than in Nvidia. For instance, the flagship ARKK ETF holds about $362.1 million worth of AMD shares, making up around 5% of its portfolio and its third-largest position. ARKK has $125.7 million worth of Nvidia shares.
$Advanced Micro Devices(AMD)$ Just got a serious reset from Wall Street. Barclays raised their price target to $665 from $500, maintaining an Overweight rating. They're citing agentic AI as the key demand driver that the broader market is still underestimating. The core thesis shift is straightforward: CPU demand is re-accelerating. As agentic AI scales, the CPU-to-GPU ratio tightens because systems now require orchestration, memory handling, tool calling, and workflow execution—not just raw compute power. Barclays now sees the server CPU market potentially approaching $200 billion by 2030. They view AMD as best positioned to capture that growth, given its EPYC lineup, AI accelerators, and broader data center portfolio. Even within the same up