From StockStory:

Shares of AMD jumped 5.1% after Raymond James raised the price target to $190, representing a potential 10% upside. The S&P 500 reached an all-time high, gaining 1.1%, and the Nasdaq also surged 1.5% as we head into a new earnings season.

Analysts predict a possible turning point for semiconductor stocks after TSMC reported strong Q4 results, with revenue expected to grow in the low-to-mid 20% range in 2024, driven by strong demand for nanometer technologies and robust AI-related demand.

AMD is up 25.8% since the beginning of the year and has had 23 moves greater than 5% in the last year.



Read more: Why Are AMD (AMD) Shares Soaring Today