Bullish
AMD's stock rises 3.9% after Raymond James upgrades to 'Strong Buy' with $641 target
Advanced Micro Devices (AMD) experienced a 3.9% increase in stock price following Raymond James' upgrade to a 'Strong Buy' rating and a price target of $641. The upgrade highlights AMD's potential in the server CPU market, particularly with the rise of agentic AI workloads. This development underscores AMD's growing position in the data center sector.
Key points
- Raymond James upgrades AMD to 'Strong Buy' with a $641 price target, citing growth in server CPUs driven by agentic AI.
- AMD's stock closed at $456.75 on August 24, 2026, following a 3.5% decline due to insider selling.
- AMD's Q2 2026 data center revenue increased by 107%, reaching $6.7 billion, indicating strong growth in the sector.
Sources
AI-generated from public news sources. Not financial advice.
