AMD’s price target raised to $175.00 by Mizuho analyst Vijay Rakesh, citing trade negotiations allowing AI GPU shipments to China. This opens doors for AMD to distribute MI308 chips in China, presenting a $50 billion opportunity. Nvidia and Broadcom also benefited from the news, with Chinese customers seeking AI chip licenses.

AMD develops and sells semiconductors, processors, and GPUs for various applications, including data centers, gaming, and AI. Despite its potential, other AI stocks may offer better returns. For undervalued AI stock with growth potential amid tariffs, check out a free report on the best short-term AI stock.

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Read more at Yahoo Finance: Analysts Raise AMD Target on Renewed China AI Chip Opportunities