Advanced Micro Devices (AMD) Stock Rises on Analyst Upgrade and Positive Outlook
Advanced Micro Devices (AMD) stock surged over 7% on Thursday following an analyst upgrade and positive outlook from Bernstein. Analyst Stacy Rasgon raised AMD's price target to $265, though maintained a 'hold' rating, citing increased focus on higher-margin server and data center chips. The stock had already surpassed the new price target in early trading.
Topics: AI Chips AMD Analyst Upgrade Market Perform Rating Stock Price Movement