Bank of America’s senior analyst Vivek Arya says Akamai’s recent deal with Anthropic makes for another reason to buy Advanced Micro Devices (AMD) shares. In a research note this morning, Arya maintained his “Buy” rating on AMD and raised his price target to $720, indicating potential upside of nearly 15% from here.
AMD stock has been a lucrative investment in 2026, currently trading at about 3x its price at the start of this year. The chipmaker has recently joined the trillion-dollar club as well.
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