🟢 Advanced Micro Devices is trading 3% up in pre-market after Raymond James upgrade and price-target hike

Advanced Micro Devices is trading 3.01% up now at $470.50 after Raymond James upgraded the stock from Outperform to Strong Buy and raised its price target to $641 from $565, citing valuation and long-term AI server CPU growth prospects.

• Semiconductor strength ahead of Nvidia’s August 26 earnings.
• Broadly higher U.S. equity futures are adding sector-wide support.