Advanced Micro Devices Jumps As Piper Sandler Upgrades, Citing Overblown Worries

Seeking Alpha2022-05-17

Advanced Micro Devices (NASDAQ:AMD) shares rose early on Tuesday after investment firm Piper Sandler upgraded the semiconductor company, noting that some of its fears about the company have not "...

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TCF
2022-05-17
TCF
AMD 💪💪
BKT
2022-05-17
BKT
Good. Pls like thanks.
MXMali
2022-05-17
MXMali
👍🏻
doraemon1981
2022-05-17
doraemon1981
AMD is a buy

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href=https://seekingalpha.com/news/3839881-advanced-micro-devices-jumps-as-piper-sandler-upgrades-citing-overblown-worries><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Advanced Micro Devices (NASDAQ:AMD) shares rose early on Tuesday after investment firm Piper Sandler upgraded the semiconductor company, noting that some of its fears about the company have not \"...</p>\n\n<a href=\"https://seekingalpha.com/news/3839881-advanced-micro-devices-jumps-as-piper-sandler-upgrades-citing-overblown-worries\">Source 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upgraded the semiconductor company, noting that some of its fears about the company have not \"played out as expected.\"Analyst Harsh Kumar upgraded AMD (AMD) to overweight from neutral and raised the per-share price target to $140 from $90, noting that a slowing PC market and the company's acquisition of Xilinx being a drag on earnings have not impacted the company.Kumar also noted that AMD (AMD) has several \"mid-to-long-term catalysts,\" including strong server trends, strong semi-custom trends, commercial PC growth, Xilinx adding to earnings and the company's investor day early next month.Advanced Micro Devices (AMD) shares gained nearly 4% to $97.79 in premarket trading on Tuesday.\"From our perspective, the company’s core businesses are running really well and continue to benefit from secular trends,\" Kumar wrote in a note to clients, adding that AMD (AMD) is gaining market share in the broader PC market, with \"very strong traction in the commercial market.\"In addition, Kumar 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