Analyst Mark Lipacis from Jefferies increased the target price on AMD (NASDAQ:AMD) to $95 (previously being $86.00) to account for Intel’s announcement for the delay of its 7nm transistor followed by its 10nm transistor delays.

A buy rating was maintained by the analyst, pointing out that the transistor challenges are systemic and that TSMC/AMD’s transistor lead will be increased. Consequently, the analyst strongly believes that AMD share returns will accelerate, and that the AMD bull-case will increase from 30% market share to 50% over the next 12-18 months. Analyst’s price target will increase to $95.