AMD stock soaring over 6% today: why analyst sees over 40% upside ahead

Core Viewpoint - Advanced Micro Devices (AMD) stock experienced a significant increase on Thursday, outperforming the broader semiconductor sector due to a positive outlook from Wells Fargo and strong earnings from a key manufacturing partner [1] Group 1 - AMD stock rose sharply, indicating strong market performance [1] - The semiconductor sector as a whole was outperformed by AMD, highlighting its competitive position [1] - A bullish call from Wells Fargo contributed to the positive sentiment surrounding AMD [1] Group 2 - Strong earnings reported by a key manufacturing partner further supported AMD's stock performance [1]