TradingKey – On November 13 ET, Advanced Micro Devices (AMD) shares tumbled more than 10% intraday today after an approximately 44% rebound. Bank of America stated that agentic AI will expand CPU demand, and AMD’s product and supply advantages are expected to drive concurrent growth in revenue and market share. The bank raised its price target from $650 to $700, up about 7.7%, maintained its “Buy” rating, and continued to name AMD its top pick in the server CPU space.

Compared to chatbots that primarily generate content, agentic AI must plan tasks, call tools, and execute multi-step workflows. These operations increase demand for task scheduling, memory management, and data processing, elevating the value of CPUs in AI systems and…