Wall Street Says AMD Stock Could Gain 40% in a Year

After a strong rally earlier this year, Advanced Micro Devices (AMD) stock pulled back slightly, sliding more than 12% from its recent peak of $186.65. The dip comes as the chipmaker takes a financial hit from U.S. export restrictions to China, which impacted its financials during the second quarter. In its latest earnings report, AMD disclosed a year-over-year decline in artificial intelligence (AI) revenue within its data center segment. Management stated that the setback originated from the loss of MI3 ...