From Yahoo Finance: 2025-05-13 09:42:00

Investment bank TD Cowen raised Advanced Micro Devices, Inc. (AMD) price target to $115 and maintained a Buy rating. AMD gained market share in PC and CPU server markets. The firm’s MI355 AI chips revenue is expected to increase significantly in the second half of the year. However, AMD’s data center unit underperformed in the first half, leading to write downs. Stock gained 17% in the last month but dropped 6% in the last three months. Analysts believe AI stocks offer greater promise for higher returns. For more AI stock recommendations, check out our report.



Read more at Yahoo Finance: Investment Bank Raises Price Target on Advanced Micro Devices, Inc. (AMD) Stock