$Advanced Micro Devices(AMD)$

$Advanced Micro Devices(AMD)$ On Wednesday, AMD's stock price continued to rise 5.86% to $178.29 by the close. Part of this is due to extremely optimistic reports from analysts. NewStreet Research analyst Pierre Ferragu raised AMD's rating from “hold” to “buy” and set a target price of $215. This follows Wedbush analyst Matt Bryson's bullish rating on Tuesday, who reaffirmed AMD's “outperforming the market” rating and raised AMD's price target from $130 to $200.

Ferragu pointed out in the research report that AMD CEO Su Zifeng predicted last year that by 2027, the size of the data center artificial intelligence chip market will reach 400 billion US dollars.

Ferragu wrote, “Su Zifeng's prediction must be taken seriously. This prediction may eventually prove to be wrong, but it certainly wasn't fabricated out of thin air.”

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