From Nasdaq: 2025-06-16 14:39:00

Shares of AMD (NASDAQ: AMD) surged 9.8% after positive industry data and analyst conclusion on AI product announcements. Piper Sandler sees PC demand rebounding, with new Instinct MI350 accelerators and MI400 “Helios” racks on the horizon. Price target raised to $140 from $125 by analyst Harsh Kumar.

Questions arise on AMD’s competitive position in AI against Nvidia. Encouraging product event suggests progress in AI design and acquisitions. Should you invest $1,000 in AMD? Motley Fool’s Stock Advisor team suggests 10 alternative stocks for potential high returns. Join Stock Advisor for latest top 10 picks and market-crushing performance history.



Read more at Nasdaq: Why Advanced Micro Devices Rallied Today