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AMD Stock Rises on Bullish Analyst Outlook Amid AI Boom
AMD Stock Rises on Bullish Analyst Outlook Amid AI Boom
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BTCCSquare news:
Advanced Micro Devices (AMD) shares gained 1.22% Monday after Piper Sandler analyst Harsh Kumar reaffirmed a Buy rating and $190 price target, projecting an 18.5% upside. The semiconductor firm's server, client, and GPU divisions are expected to drive earnings through 2026, with embedded business offerings providing additional growth catalysts.
AMD's year-to-date rally now stands at 32.88%, buoyed by its positioning in the artificial intelligence sector. The stock's 12-month performance shows a 4.27% climb as institutional confidence grows in the company's fundamental tailwinds.
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