AMD Gets KeyBanc Upgrade as Hyperscaler Demand Accelerates

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Trending AI Stocks on Wall Street. On January 13, KeyBanc analyst John Vinh upgraded the stock from Sector Weight to Overweight with a price target of $270.00. Firm analysts see surging hyperscaler demand for AMD, alongside stronger-than-expected server demand, and improving visibility across CPU and AI GPU segments. Earlier, KeyBanc had downgraded AMD to Sector Weight as it was concerned about a potential demand “air pocket” between MI355 and the l ...