Analyst updates AMD stock price target

Despite the semiconductor industry being a major beneficiary of the ongoing artificial intelligence (AI) boom, with Nvidia (NASDAQ: NVDA) adding more than $2 trillion to its market capitalization and Broadcom (NASDAQ: AVGO) seeing its valuation rocket above $1 trillion in 2024, not all chipmaker stocks enjoyed the upside.While much has been said about the decline of Intel (NASDAQ: ITNC), Advanced Micro Devices (NASDAQ: AMD) did not perform well either, and AMD shares are down 27.15% in the last 12 months to ...