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via finance.yahoo.comMarkets

William Blair upgrades AMD to Outperform, sees AI sales overtaking server CPUs

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. William Blair upgraded Advanced Micro Devices Inc. (NASDAQ:AMD) to Outperform from Market Perform, saying all four factors behind the neutral rating it set at its July initiation have since moved in AMD's favor. AMD shares were up 4.29%…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA broker upgrade of a large-cap chipmaker can move the stock, especially in a closely watched sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01William Blair upgraded AMD to Outperform from Market Perform.
  2. 02AMD shares were up 4.29% in premarket trading.
  3. 03The firm flagged delays and supply shortages in Intel's Xeon roadmap.
  4. 04AMD's valuation multiple is now roughly in line with its three-year forward median.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Advanced Micro Devices, Inc.AMDStock552.90 USDMarket closedtoday +7.32%Positive Intel Corp.INTCStock62.50 USDMarket closedtoday +7.52%Negative NVIDIA CorporationNVDAStock173.73 USDMarket closedtoday +2.87%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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