AMD Stock Rises to Record High Following Upgrade and Intel's Results
AMD's stock surged 10% to a record high in premarket trading after D.A. Davidson upgraded it to a Buy rating, citing Intel's strong quarterly results and the growing importance of CPUs in AI. Intel's performance highlighted the renewed demand for CPUs in AI applications, with analysts predicting a significant boost for AMD's CPU business.
Topics: AI Demand AMD Analyst Upgrade CPU Market Intel Stock Price Movement