Why Advanced Micro Devices Rallied Today
Shares of artificial intelligence (AI) chipmaker Advanced Micro Devices (NASDAQ: AMD) rallied 9.8% on Monday, as of 12:43 p.m. ET
AMD made some big product announcements last week, especially around AI. Today, a Wall Street analyst wrote his positive conclusion on the event, and revealed some positive industry data in the PC space, too.
Last week's big event centered on AMD's new Instinct MI350 accelerators, and upcoming MI400 "Helios" racks, which will be available next year. But one sell-side analyst also sees some optimistic signs in AMD's client business, which led to a price target bump today.
Source Fool.com
Advanced Micro Devices Inc. Aktie
210,90 €
0,50 %
Klarer Community-Favorit: Advanced Micro Devices Inc. mit vielen Buy- und wenigen Sell-Einschätzungen.
Ein positives, wenn auch nicht starkes, Potenzial für Advanced Micro Devices Inc. mit einem Kursziel von 245 € im Vergleich zu 210.9 €.
