AMD Shares Surge 5%, Setting Sights On All-Time Highs: What's Powering Rally?
Shares of $Advances Micro Devices, Inc.$ rallied strongly in premarket trading on Wednesday as they fell off the all-time closing high of $174.23 reached on Friday.The premarket strength is apparently in reaction a positive analyst action. In premarket, the stock rose 2.19% to $172.10.Late Tuesday, New Street Research analyst Pierre Ferragu upgraded AMD stock from Neutral to Buy with a $215 price target. This suggests an upside potential of about 28% for the stock over the next 12 months.In a po