Citi Just Upgraded AMD Stock. Here’s Why.
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
Citi has upgraded its rating of AMD stock to "buy", citing the company's potential in the GPU market. The upgrade is reportedly linked to AMD's prospects in areas such as sales to Meta and the acquisition of MEXT, as well as a significant forecast for the CPU market. The new price target for AMD stock varies, with some outlets reporting a target of $575, while others mention $460.
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