Chip Stock Favorite Adds Another Bull Note to Its Collection
Schaeffers·
- Advanced Micro Devices Inc (NASDAQ:AMD) shares rose 4.5% to trade at $477.06 following an upgrade by Raymond James to a strong buy rating alongside a price target hike to $641.
- The upgrade was driven by strong server CPU market growth, direct earnings leverage, datacenter positioning, and market-share gains.
- The equity maintains widespread analyst support with 39 out of 46 covering firms recommending a buy or strong buy, alongside highly optimistic short-term options trading activity.
