Movement Alert|Advanced Micro Devices Rises 6.53% in Regular Trading, Multiple Investment Banks Raise Target Prices Signaling Strong Bullish Sentiment

Market Focus07-14 21:47

On July 14, Advanced Micro Devices rose 6.53% in regular trading, trading at $558.615/share, with turnover of $24.59 billion. The rally was driven by multiple Wall Street investment banks simultaneously raising their price targets on AMD.

KeyBanc significantly raised its target price from $530 to $725, maintaining an outperform rating. Bank of America reaffirmed its buy rating and raised its target from $550 to $620, noting that server processor demand is \"exceptionally strong\" and expecting Q2 results to beat expectations. TD Cowen also raised its target from $600 to $675, maintaining a buy rating. Stifel previously raised its target from $450 to $635.

Bank of America highlighted that AMD's MI455X Helios AI rack system is expected to begin initial shipments in Q3. AMD is scheduled to hold its Advancing AI conference on July 22-23 in San Francisco, where it will unveil the Helios platform — its first-ever rack-level AI system based on the Instinct MI455X GPU. Analysts broadly view AMD as a key participant in the AI server CPU market, projecting the addressable market to exceed $120 billion by 2030.

(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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