Advanced Micro Devices Inc is trading 5.6% up at $477.78 as investors refocus on the company's AI growth story following a period of recent volatility.
- Bank of America reiterated its Buy rating for the chipmaker, raising its price target to $560.
- Strong AI and cloud demand highlighted by peers like Oracle is lifting sentiment across the semiconductor sector.
- The stock is also benefiting from a broadly firmer Nasdaq and renewed optimism regarding long-term AI expansion.