Bullish
AMD stock rises 4.91% to $479.18 after Raymond James upgrades rating to 'Strong Buy'
Advanced Micro Devices (AMD) experienced a significant stock price increase following an analyst upgrade and strong financial performance. Raymond James raised its rating to 'Strong Buy' and set a price target of $641, citing AMD's leadership in server CPUs and the growing demand for AI applications. Additionally, AMD reported a 50% year-over-year revenue increase in Q2 2026, with data center sales more than doubling.
Key points
- Analyst Upgrade: Raymond James elevates AMD's rating to 'Strong Buy' with a $641 price target, anticipating a 33.8% potential gain.
- Strong Q2 Performance: AMD's Q2 2026 revenue reaches $11.536 billion, a 50% increase from the previous year, driven by robust data center growth.
- Data Center Growth: Data center revenue more than doubles year-over-year, contributing 58% to AMD's overall revenue in Q2 2026.
Sources
AI-generated from public news sources. Not financial advice.
