AMD Shares Gain Momentum as Wall Street Boosts Price Targets

Wall Street analysts are expressing growing confidence in Advanced Micro Devices (AMD), with two major investment banks significantly raising their price targets for the chipmaker. This optimistic stance is driven by AMD’s strategic focus on artificial intelligence, even as the company navigates significant geopolitical trade restrictions.

The positive outlook from financial institutions is grounded in AMD’s impressive second-quarter performance for fiscal 2025. The company reported a record $7.7 billion in revenue, representing a substantial 32% year-over-year increase. A breakdown of the results reveals powerful growth across key segments:
– The Data Center business expanded by 14%, reaching $3.2 billion.
– The Client and Gaming segment experienced a remarkable surge, growing 69% to $3.6 billion.

Notably, these results were achieved despite absorbing an $800 million... Read more...