AMD Shares Rise 12% Amid Strong Demand for CPUs Driven by AI Growth
AMD shares surged over 12% as investors anticipated increased demand for CPUs driven by AI growth, following Intel's strong earnings report. Analysts noted that Intel's performance suggests a significant upside for CPU makers, leading to increased investor interest in AMD. Analysts like Gil Luria upgraded AMD to 'buy' and raised their price target.
Topics: AI AMD analyst upgrades CPU market Intel stock performance