Analysts Bullish on AMD Stock, Highlight ETF Investment Opportunities
Advanced Micro Devices (AMD) shares surged 9% Wednesday after Wedbush and HSBC analysts raised price targets, citing Optimism around the chipmaker's new deal with Oracle. Investors seeking exposure to AMD without direct stock risk may consider thematic ETFs like Wedbush's GAMR (13.47% AMD weighting) or Invesco's IGPT.
The video game and AI-focused ETFs offer diversified plays on semiconductor demand. GAMR's 0.59% expense ratio covers holdings including Nvidia and Microsoft, while IGPT taps into the artificial intelligence infrastructure boom. Both vehicles have gained traction as investors rotate toward tech enablers.