On June 15, Advanced Micro Devices rose 3.45% overnight, trading at $533.57/share, with turnover of approximately $19.95 million. The stock has benefited from a series of bullish analyst actions in recent sessions.
On the news front, multiple major investment banks have upgraded AMD in quick succession. Citi upgraded the stock to buy from neutral and raised its price target to $575 from $460. Bank of America raised its target price from $500 to $560 while maintaining a buy rating. Earlier, Goldman Sachs upgraded AMD to buy and dramatically raised its target from $240 to $450, with analyst Schneider citing optimism around agentic AI boosting AMD server CPU business and upside potential in data center GPUs for 2027 and beyond. According to FactSet, AMD now carries an average overweight rating with a mean price target of $492.52 among polled analysts.
Within the Semiconductors sector, the broader group showed strength. Among individual stocks, Marvell Technology up 5.74%, Micron Technology up 5.18%, Intel up 4.96%, Broadcom up 2.65%, NVIDIA up 2.2%.
(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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