Advanced Micro Devices (NASDAQ: AMD) has received a significant boost from Wall Street after Truist Securities upgraded the stock to a ‘Buy' rating from ‘Hold'.
The shares of Advanced Micro Devices (NASDAQ:AMD) are 2.8% higher to trade at $167.92 before the bell, after an upgrade from Truist Securities to "buy" from "hold," and a price target hike to $213 from $173.
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Amphenol's diversified portfolio and strong earnings momentum give it an edge over AMD in the tech supply chain race.
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Advanced Micro (AMD) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Advanced Micro Devices, Inc. stock is down by over 7% since the Q2 release, but the firm's prospects have only gotten better for the medium term. Despite the post-Q2 drop, AMD's revenue beat and ongoing AI specialization, especially with MI300/MI400 and ZT Systems, support medium-term upside. AMD achieved its 33rd consecutive quarter of CPU share gains and growing GPU market presence, currently holding 4-5% of the AI GPU market.
Advanced Micro Devices' gaming unit rides on strong GPU and console demand, but guidance signals flat third quarter and seasonal weakness ahead.
Cathie Wood is most known for her bold, tech-first investing.
Advanced Micro Devices, Inc.'s data center revenue rose 14% YoY to $3.2 billion in Q2 FY25, now accounting for 42% of total sales. EPYC processors achieved record adoption, marking the 33rd consecutive quarter of market share gains across cloud and enterprise categories. Over 100 new AMD-powered cloud instances launched in Q2, bringing the total to nearly 1,200 worldwide deployments.
Shares of Advanced Micro Devices ( NASDAQ:AMD ) exploded over the past month, gaining 12.19% after gaining 24.45% the month prior.
I am upgrading Advanced Micro Devices, Inc. to hold with a $202/share target, reflecting strong Client & Gaming growth offsetting Data Center deceleration. AMD is gaining market share from Intel, with robust Ryzen and EPYC sales and expanding gaming partnerships with Microsoft and Sony driving future upside. Data Center growth faced some headwinds in Q2 '25 from export controls and inventory write-downs, but Chinese market sales could resume pending export license approvals.