AMD, Nvidia stocks gain after Mizuho hikes target [MarketWatch]
Advanced Micro Devices, Inc. (AMD)
Last advanced micro devices, inc. earnings: 4/28 04:25 pm
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Source: MarketWatch
AMD, Nvidia stocks gain after Mizuho hikes target Shares of Advanced Micro Devices Inc. AMD, -1.54% are up 1.6% in premarket trading Tuesday after Mizuho analyst Vijay Rakesh raised his price target to $36 from $20 overnight. He is increasingly upbeat about the stock following meetings with original equipment manufacturers and distributors in the PC supply chain. He thinks it's possible the company will endure "some near-term bumps" but is optimistic about the company's Epyc server ramp and its ability to capitalize on the fact that Intel Corp. INTC, +2.21% is still in flux without a chief executive. Rakesh also raised his price target on Nvidia Corp.'s NVDA, +0.59% stock to $295 from $280 after his supply-chain meetings. Nvidia's stock is up 0.5% in premarket trading. AMD shares have gained 148% over the past 12 months, while the S&P 500 SPX, +0.64% has risen 15%. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
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AMD
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AMD
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- 4/17/24 - Form 4
- 4/17/24 - Form 4
- 4/15/24 - Form 144
- AMD's page on the SEC website