🟢 Advanced Micro Devices is trading 5.23% up today after Raymond James upgraded it to Strong Buy

Advanced Micro Devices is trading 5.23% up now at $49.91 after Raymond James upgraded the company from Outperform to Strong Buy and raised its price target to $641 from $565.

• Raymond James cited AI-server and data-center growth prospects.
• Semiconductor stocks are strengthening ahead of Nvidia’s August 26 earnings report, supporting the broader AI trade.
• The Raymond James upgrade remains the clearest company-specific catalyst for the move.