Movement Alert|Advanced Micro Devices Rises 3.04% in Pre-Market Trading, Multiple Investment Banks Raise Price Targets Signaling Strong Bullish Outlook

Market Focus07-14 19:23

On July 14, Advanced Micro Devices rose 3.04% in pre-market trading, trading at $550.1/share, with turnover of $96.81 million. The rally was driven by a wave of Wall Street price target upgrades from major investment banks.

KeyBanc significantly raised its price target on AMD from $530 to $725, maintaining its Overweight rating. Bank of America reiterated its Buy rating and lifted its target from $550 to $620, noting that server processor demand is \"exceptionally strong\" and projecting AMD's Q2 results to exceed expectations. The firm highlighted that AMD's MI455X Helios AI rack system is expected to begin initial shipments in Q3. Additionally, TD Cowen raised its target from $600 to $675, and Stifel lifted its target to $635. Analysts broadly view AMD's EPYC server CPUs as a key player in the AI infrastructure buildout, with the addressable market projected to exceed $120 billion by 2030. AMD's next earnings report is scheduled for August 4, with consensus EPS expectations at $1.34.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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