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AMD Stock Target Raised to $720 by Bank of America on Rising CPU Demand
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- Sep 25, 2026, 1:57 PM UTC
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Investors rewarded companies with strong artificial intelligence demand, enterprise infrastructure, and drug development.
Bank of America raised their target price on Advanced Micro Devices from $620.00 to $720.00 and gave the stock a "buy" rating in a research report on Friday.
Advanced Micro Devices (AMD) rose 0.5% Friday after Bank of America increased its price target for the semiconductor company, citing a more favorable outlook fo