1 Wall Street Analyst Just Upgraded AMD Stock and Estimates 30% Upside. Here's Why He's Bullish on This Semiconductor Stock.
AMD is riding the next wave of AI chip demand.
Overview
Advanced Micro Devices (NASDAQ: AMD) stock recently received a big upgrade, as Raymond James analyst Simon Leopold slapped a strong buy rating on the semiconductor stock, with a price target of $641.
That represents 33% upside from AMD's current share price, as of this writing.
Details
Leopold's bullish sentiment stems from his optimism that the server CPU market will accelerate over the next few years, reaching $201 billion by 2030.
Source
Originally published at www.fool.com.
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