Advanced Micro Devices is trading 3.1% up now at $471.03 after Raymond James upgraded the stock to Strong Buy from Outperform and raised its price target to $641 from $565.

  • The analyst cited data-center compute share gains, attractive valuation, and long-term AI-server CPU growth.
  • The advance comes despite semiconductor-sector weakness, with SOXX down 3.39%, indicating the company-specific upgrade currently outweighs broader chip pressure.