Analysts Maintain Positive Outlook on AMD With China Demand as a Catalyst

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the AI Stocks Investors Are Watching. On December 23, Raymond James reiterated the stock as “Outperform,” noting that it has upside following reports that Nvidia plans to resume chip shipments to China. The firm believes that Nvidia and AMD could both see moderate upside from US export approvals. “In the wake of recent news regarding potential resumption of GPU sales to China, we take the opportunity to assess the potential upside for AMD and NVIDIA. Sev ...