Advanced Micro Devices (NASDAQ: AMD) Live: Stock Soaring Higher Pre-Market
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Advanced Micro Devices (NASDAQ: AMD) stock is set to open higher, currently up 3.3% or $3.74. This rise is attributed to a cooling trade war with China and a $10 billion partnership with Saudi Arabia's AI company, Humain. Analysts are optimistic, with DZ Bank maintaining a buy rating and a $200 price target, while Bank of America raised its target to $130, citing significant revenue growth and potential from the Saudi deal. AMD's earnings report showed EPS of 96 cents and revenue of $7.44 billion, exceeding expectations.
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