AMD Stock Gains Momentum As UBS Eyes 54% Upside On AI Megadeals

Advanced Micro Devices Inc. (NASDAQ:AMD) is showing significant relative strength, jumping into the top tier of Benzinga Edge’s momentum score, rising from 89.98 to 91.48 week-on-week.What Does Momentum Ranking Entail?This technical momentum—which measures the stock’s relative strength based on price movement patterns and volatility over multiple timeframes—aligns with a highly bullish outlook from UBS.The firm maintained a $310 price target on the stock, representing an approximate 54% upside from Friday’s ...