Analysts predict positive stock movement as AMD unveils new AI products and technology advancements

From Yahoo Finance: 2024-10-07 16:18:59

Advanced Micro Devices (AMD) will unveil new products and AI technology advancements at its “Advancing AI” event, with analysts predicting positive stock movement. Thirteen analysts recommend buying AMD shares, while three suggest holding. The stock is up 15% this year, with an average target price of $190.56, indicating an 11% potential increase. Expectations are high for potential product launches and partnerships. Analysts believe new AI products could help AMD gain market share in the AI accelerator space, competing against Nvidia. The event could bring new customers and highlight AMD’s expanding market share.



Read more at Yahoo Finance: What Wall Street Thinks of AMD Stock Ahead of Thursday’s ‘Advancing AI’ Event