🟢 AMD is trading 2.1% up today after Cantor Fitzgerald raises price target to $700 on AI momentum

AMD is trading 2.1% up at $532.53 after Cantor Fitzgerald raised its price target to $700 on strong AI-driven compute momentum.

• Cantor Fitzgerald reiterated its Overweight rating, highlighting the company's significant growth potential in the AI space.
• The stock is also benefiting from a broader tech-led market rebound, with the Nasdaq up approximately 1.9%.
• Investors are refocusing on AI growth prospects despite recent concerns regarding sector valuations.