AMDY is trading 3.69% up now at $43.55 after Raymond James upgraded underlying AMD from Outperform to Strong Buy.
- The analyst raised AMD’s price target to $641, citing attractive valuation and long-term server-CPU growth tied to artificial-intelligence workloads.
- AMD gained 2.5% in premarket trading following the upgrade, supporting AMDY’s move higher; Nvidia earnings remain a broader semiconductor catalyst on August 26.