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AMD stock gains after FBN initiates at outperform with a $40 target

MarketWatch
AMD stock gains after FBN initiates at outperform with a $40 target

Shares of Advanced Micro Devices Inc. AMD, +7.35% are up 1.6% in premarket trading Thursday after FBN Securities analyst Shebly Seyrafi initiated coverage of the stock with an outperform rating and $40 price target. He's upbeat about the ramps in Epyc server chips and Ryzen processors for PCs. The