AMD Stock Is Rising. Its AI Chip Business Is ‘Underestimated:’ Analyst.

Published 3 weeks ago Positive
AMD Stock Is Rising. Its AI Chip Business Is ‘Underestimated:’ Analyst.
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Advanced Micro Devices stock is rallying as Wall Street is growing more optimistic about its position in the artificial-intelligence semiconductor market. On Wednesday, HSBC analyst Frank Lee raised his price target for the AMD stock to $310 from $185 and reaffirmed his Buy rating. “We believe this deal gives enhanced visibility into AMD’s AI GPU revenue opportunity till 2030.”

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