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BNP Paribas just broke sharply with Wall Street consensus on AMD, and the reasoning goes far beyond AI chips into a market most investors have not yet priced in.
AMD NASDAQ:AMD shares drew attention Monday after BNP Paribas hiked its price target to $960 from $600, citing stronger prospects for the chipmaker's processor business as artificial intelligence workloads expand.Analyst Karl Ackerman expects AMD to benefit from rising demand for CPUs used in agent…
AMD stock earned two price-target hikes from Wall Street analysts on Monday as chip stocks and the SOX index took a pause.