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American multinational semiconductor company
Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company headquartered in Santa Clara, California. It develops central processing units (CPUs), graphics processing units (GPUs), field-programmable gate arrays (FPGAs), system-on-chips (SoCs), and high-performance computer components. AMD serves a wide range of business and consumer markets, including personal computers (PCs), gaming, data centers, and embedded systems.
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Citi and Stifel raised their AMD price targets for completely different reasons, yet the stock jumped while a chipmaker they both named as a beneficiary sold off. That contradiction is the real story behind today
Stifel lifted its AMD target to $700 on October 5 and expects a third-quarter beat. Its note says longer-term commentary will draw more focus than the results, with the fourth-quarter guide carrying first MI450 revenue and margin pressure.
Stifel set a higher price objective for Advanced Micro Devices Inc. (AMD, Financials), a semiconductor business that competes in server CPUs and AI accelerators, as anticipation grows for yet another successful quarter.While keeping a buy rating, analyst Ruben Roy increased his objective from $635…