A Wall Street analyst on Friday upgraded AMD stock to buy from neutral, saying its GPU business is undervalued.
AMD Stock Upgraded To Buy On GPU Upside
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Advanced Micro Devices (AMD) is undervalued as its graphics processing unit (GPU) business has emerged as a "legit second source" to market leader Nvidia (NVDA), a Wall Street analyst said. AMD stock rose on Friday. Citi analyst Atif Malik upgraded AMD to buy from neutral and raised his price target to 575 from 460. On the stock market today, AMD…
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Shares of AMD rose nearly 10% on Monday after analysts at Piper Sandler raised their price target.
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