Why AMD (AMD) Stock Is Up Today
Shares of computer processor maker AMD (NASDAQ:AMD) jumped 9.4% in the afternoon session after Piper Sandler analysts maintained a Buy rating and raised the price target from $125 to $140. Following talks with management, the analysts became more bullish on AMD’s AI business and expect the segment to grow even faster when the tariff headwinds in China have passed. They also highlighted the growing conviction on Wall Street regarding one of AMD’s hyperscaler clients.
Separately, stocks rebounded as reports pointed to easing tensions between Israel and Iran. The Wall Street Journal said senior Iranian officials had signaled a willingness to restart stalled nuclear talks, on the condition that Washington refrain from joining…
