AMD is trading at $202.15 (+3.12%) after a top Wall Street analyst upgraded the stock and as the company joins a broad market rebound fueled by Fed optimism and easing U.S.-Iran tensions.
- Phillip Securities analyst Yik Ban Chong upgraded AMD stock to a Buy from Neutral, setting a $280 price target, implying a significant upside. [22]
- The broader market rallied on reassuring comments from Fed Chair Powell and signals of de-escalation in the Middle East conflict. [3, 5, 16]
- Today's advance follows yesterday's close of $196.04 (-2.95%), which was driven by general sector weakness. [26]