Advanced Micro Devices received a bullish vote of confidence as Raymond James upgraded AMD stock to strong buy from outperform.

Raymond James upgraded AMD to Strong Buy with a $641 price target, citing 107% datacenter revenue growth and a projected 44% CAGR through 2030.

Raymond James upgraded AMD to Strong Buy with a $641 price target, citing 70% server CPU revenue growth and agentic AI demand challenging Intel's

By Hannah Pedone and Britney Nguyen