AMD (NASDAQ: AMD) reported a 36% revenue growth in Q3, prompting analysts to give it a “strong buy” rating with a new-high target price. The company is seeing increased demand for AI, gaming, and data center chips, potentially entering a new growth cycle.

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Rick Orford does not hold any positions in the mentioned stocks, but The Motley Fool has positions in and recommends Advanced Micro Devices. If you choose to subscribe through their link, they may earn compensation to support their channel. The author’s views are independent and not influenced by The Motley Fool.

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