AMD Stock Rises Following Analyst Upgrade and Positive Outlook on Data Center Demand
AMD's stock surged by 13.85% following an upgrade from D.A. Davidson analyst Gil Luria, who cited Intel's strong earnings as a sign of growing demand for data center CPUs driven by AI. The analyst raised AMD's price target to $375, highlighting potential for higher prices and margins due to increased demand for high-performance CPUs.
Topics: AI AMD Analyst Upgrade Intel Stock Price Movement