🟢 Advanced Micro Devices, Inc. is trading 5% up today as Bernstein raises price target on AI growth expectations

Advanced Micro Devices, Inc. is trading 5% up at $55.00 after Bernstein raised its price target on the stock, citing robust AI demand.

• Bernstein analyst Stacy Rasgon increased the price target for the company to $600 from $525 while maintaining an Outperform rating.
• The upgrade highlights continued strength in server processors and significant growth expectations within the AI sector.
• Positive analyst commentary has spurred strong buying interest, leading to a sharp move higher in the latest session.