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Why AMD Stock Popped Today

TheMotleyFool

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Why AMD Stock Popped TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/ec495607-1e17-40ee-a41d-7726313a9707.png

Shares of Advanced Micro Devices (NASDAQ: AMD) rose 4.9% on Wednesday, following positive analyst commentary.

On Tuesday, Wells Fargo analyst Aaron Rakers reiterated his overweight rating on the chipmaker's stock. He argued that rival Intel's (NASDAQ: INTC) production delays for its most advanced chips are an opportunity for AMD to continue to gain share in the massive server market.

Wall Street is growing more bullish on Advanced Micro Devices' stock. Image source: Getty Images.

Source Fool.com

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