Bank of America Raises AMD (AMD) Price Target to $300, Citing 11/11 as Next Major Catalyst
Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the AI Stocks in the Spotlight This Week. On October 17, Bank of America reiterated the stock as “Buy” and raised its price target to 250. “We rate AMD Buy. It serves a multi-hundred billion addressable market opportunity in PC, server, high-end gaming, deep-learning and related markets where AMD has less than 30% value share currently.” The firm also discussed how it sees improved visibility into AMD’s MI450 Series ‘Helios’ racks ...