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. Stock
€168.82
-1.540%
With 106 Buy predictions and 2 Sell predictions Advanced Micro Devices Inc. is one of the favorites of our community.
As a result the target price of 229 € shows a positive potential of 35.65% compared to the current price of 168.82 € for Advanced Micro Devices Inc..
