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via finance.yahoo.comTech & AI

Oppenheimer upgrades AMD to Outperform with $600 target on data center momentum

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Oppenheimer upgraded Advanced Micro Devices (NASDAQ:AMD) stock to Outperform from Perform on Monday and set a $600 price target, citing data center momentum, according to a research note. Data center revenue about doubled in the third…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA major broker upgrade on a large semiconductor stock can move the share price.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Oppenheimer upgraded AMD to Outperform from Perform with a $600 target.
  2. 02Data center revenue about doubled in the third quarter on EPYC and MI455 shipments.
  3. 03The analyst expects data center sales to rise 135% next period.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Advanced Micro Devices, Inc.AMDStock516.96 USD+0.18%today +1.65%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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