Advanced Micro Devices, Inc. announced Monday an agreement to buy distributed services platform company Pensando for $1.9 billion.
The AMD Analyst
KeyBanc Capital Markets analyst John Vinh maintained an Overweight rating and $165 price target for AMD shares.The AMD Thesis
KeyBanc is constructive on the Pensando deal, analyst Vinh said in a note.Pensando is a data processing unit provider, specializing in providing hardware and software stacks to accelerate networking, security, storage, and other services for cloud, enterprise and edge applications, the analyst said. It also strives to reduce total cost of ownership, he added.
