AMDD.BA, the Direxion Daily AMD Bear 1X ETF, is trading 3.2% down at $57.80 today. - This decline reflects continued positive momentum for Advanced Micro Devices (AMD) after receiving significant analyst upgrades. - Wells Fargo raised AMD's price target to $615 (from $505) and Cantor Fitzgerald increased its target to $700 (from $500) on July 1, citing stronger server CPU demand and long-term AI visibility. - This follows an 8% rally in AMD and the broader AI chip sector on June 30, driven by enthusiasm for artificial intelligence advancements.