- The stock price of Advanced Micro Devices, Inc. (NASDAQ: AMD) increased by over 6% during intraday trading. This is why it happened.
The stock price of Advanced Micro Devices, Inc. (NASDAQ: AMD) increased by over 6% during intraday trading. Investors appear to be responding to a research note from Chris Caso of Raymond James.
Caso had initiated coverage of AMD with an “outperform” rating. And Caso assigned AMD a price target of $100. The $100 price target imputes a 27.31% upside to the previous close of AMD’s shares.
In the research report, Caso cited AMD has having a “durable technical advantage” compared to Intel.
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