Analyst raises AMD stock price target on AI momentum

Advanced Micro Devices (NASDAQ: AMD) received a notable upgrade on Tuesday as HSBC Global Research analyst Frank Lee, CFA, raised the stock’s rating from ‘Reduce’ to ‘Hold’ and sharply increased the price target from $75 to$100.The re-rating reflects a shift in sentiment following two major tailwinds for the semiconductor firm. First is the Trump administration’s recently announced $600 billion investment agreement with Saudi Arabia, which includes strategic funding across tech and defense sectors. The dea ...