$Advanced Micro Devices(AMD)$ Bank of America raised its price target on AMD to $700 from $650, keeping a Buy rating. Analyst Vivek Arya sees AMD as a top CPU pick, pointing to its broad portfolio, dual leadership, and rising server CPU demand tied to agentic AI workloads. BofA had previously lifted its 2027 and 2028 EPS estimates to $16.95 and $26.14, even as sector-wide multiple compression briefly weighed on near-term price targets.
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