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Why AMD Stock Is Rising Today

TheMotleyFool

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Why AMD Stock Is Rising TodayPhoto, wide shot, wide-angle lens, Artificial intelligence developer, sunset photo at golden hour, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/ee32e77c-b7d6-424b-91ea-4023f2292688.png

Shares of chipmaker Advanced Micro Devices (NASDAQ: AMD) were climbing today after an analyst initiated coverage of the company and put a buy rating on its stock yesterday.

The semiconductor stock jumped by 4.8% today and was up by 2.8% as of 2:02 p.m. ET.

Stifel analyst Ruben Roy started coverage of AMD yesterday and put a buy rating on the stock with a $122 price target. Part of the analyst's optimism for the company comes from AMD's product lineup, with Roy noting that the company has a "strong product roadmap."

Source Fool.com

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