Advanced Micro Devices is trading 4.15% up at $49.40 after Raymond James upgraded it from Outperform to Strong Buy and raised its price target to $641 from $565, citing attractive valuation and long-term AI server CPU growth.
- Broader semiconductor strength ahead of Nvidia’s August 26 earnings is providing support.
- The move reverses part of the 3.44% decline recorded on August 24, when semiconductor weakness pressured the stock.
- Trading volume and activity data were not provided.