Advanced Micro Devices (AMD) Rises 25% After Analyst Raises Price Target by 70%
Advanced Micro Devices (AMD) surged 24.9% week-on-week following a bullish analyst report from DA Davidson, which raised its price target by 70% to $375. The analyst highlighted increased CPU demand in data centers and the impact of Intel's strong Q1 results on AMD's growth prospects.
Topics: AI demand analyst recommendation CPU market price target change stock price movement