Mizuho raises AMD price target to $135, citing potential in AI and gaming

From Yahoo Finance: 2025-05-20 13:34:00

US President Donald Trump signed an executive order to support coal as a power source for AI data centers, aiming to meet the growing energy demand. However, tech companies investing in renewable energy and nuclear power may contradict this move. Despite the need for fossil fuels, natural gas is preferred for lower CO2 emissions.

Mizuho raised Advanced Micro Devices’ (AMD) price target to $135, citing potential in AI, gaming, and data centers. AMD ranks 9th on AI stocks radar, but other options may offer higher returns. For investors seeking AI stocks with significant upside potential, a report on the cheapest AI stock is available.

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