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AMD stock jumps to record high on upgrade, Intel results [Yahoo! Finance Canada]
Last intel corporation earnings: 4/23 04:07 pm
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US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Davidson upgraded shares of the chipmaker to a Buy rating from Neutral following rival Intel's ( Intel's results highlight the pivotal role central processing units (CPUs) play amid growing demand for AI agents, or bots that act on users' behalf. "CPU is reinserting itself as an indispensable foundation of the AI era, and the once sleepy CPU market has taken off as agentic workloads shift compute needs beyond GPUs,” analyst Gil Luria wrote in a note on Friday. "We view Intel's results as a precursor for a huge step-up for AMD's CPU franchise,” he added. The firm raised its price target on the stock to $375 from $220 “based on a structural increase in CPU demand on top of much improved visibility into AMD's role in the great data center buildout.” What else you need to know: AMD, like other semiconductor stocks, has had an impressive run this year. The stock has been sitting at all-time highs as the sector has led the broader stock market to new records this week. Ines Ferr
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- Why Sandisk Stock Popped Today [Globe and Mail, The (Toronto, Canada)][Globe and Mail, The]
- Intel stock surges to record highs. These 4 events have powered the company's turnaround. [Yahoo! Finance][Yahoo! Finance]
- Intel (INTC) was given a new $90.00 price target by Cantor Fitzgerald.[MarketBeat]
- Intel Soars After an Earnings Blowout. Did This Legacy Tech Company Just Become Wall Street's Newest Artificial Intelligence (AI) Darling? [Globe and Mail, The (Toronto, Canada)][Globe and Mail, The]
- Dan Niles on why there will be ‘very strong' CPU demand this year [CNBC][CNBC]
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