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Bank of America resets AMD price target after major milestone
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- Published
- Sep 28, 2026, 11:33 PM UTC
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American multinational banking and financial services corporation
The Bank of America Corporation is an American multinational bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was formed by the merger of NationsBank and the legacy corporation of Bank of America in 1998. It is the second-largest banking institution in the United States by consolidated assets, after JPMorgan Chase. It is also the second-largest bank in the world by market capitalization, after JPMorgan Chase.
More on Wikipedia ↗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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Piper Sandler lowered its target citing a slower recovery amid tougher promotions and pressure across key markets.
Bank of America raised its AMD price target to $720, betting agentic AI will lift server CPU demand