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Advanced Micro Devices Inc. AMD drew bullish reactions from CNBC commentators and Wall Street analysts after the chipmaker posted strong first-quarter results fueled by accelerating AI and server demand.
AMD’s latest quarter was boosted by revenue growth of 57% in the company’s AI-driven data-center segment.
The results show that AI adoption continues to ramp higher.
Advanced Micro Devices Inc., the leading challenger to Nvidia Corp. in AI computing chips, soared to a record in early trading after a flood of data center spending bolstered its sales forecast.
Detailed price information for Adv Micro Devices (AMD-Q) from The Globe and Mail including charting and trades.
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Here are Wednesday’s top Wall Street analyst research calls: Advanced Micro Devices, American Eagle Outfitters, GlobalFoundries, IAC, Merck, Palantir Technologies, Reddit ...
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Advanced Micro Devices (NASDAQ:AMD) stock received an analyst downgrade from HSBC on Monday, May 4, with the firm cutting its rating to Hold from Buy while nudging the price target to $340 from $335.
AMD rose after an analyst upgrade pointed to stronger expectations for data center GPU demand, with upcoming earnings set to provide updated detail on revenue and deployment growth tied to AI infrastructure.
Advanced Micro Devices (NASDAQ:AMD | AMD Price Prediction) keeps grabbing headlines as the consensus “NVDA alternative” in AI GPUs, the trade every retail account and hedge fund analyst seems to be piling into at the same time.
By Rashika Singh May 6 (Reuters) - U.S. semiconductor stocks rose on Wednesday as Advanced Micro Devices' strong outlook boosted investor confidence about sustained demand for AI infrastructure and that a shift toward CPUs would spur the next leg of spending.
The stock has delivered scorching gains over the past year, with a commensurate increase in its valuation. Bernstein analyst Stacy Rasgon remains bullish on AMD, maintaining a market perform (hold) rating and raising his price target to $265 from $235.