AMD stock pops on Wall Street upgrades
In this article:
Yahoo Finance Live’s Brian Sozzi discusses the rise in stock for AMD after Baird and UBS analysts upgraded the semiconductor company to Outperform.
Video Transcript
[AUDIO LOGO]
BRIAN SOZZI: Let's put a spotlight on shares of chip giant AMD. The stock caught an upgrade to outperform today by Baird analyst Tristan Gerra. Gerra sees the stock climbing to $100 a share, says the analyst, on AMD's new chips released last week. In general, it was very significant performance step up to translate into an acceleration in market share gains for AMD in 2023 all with significantly higher pricing and a higher gross margin profile, reinforcing AMD's Epyc performance leadership for years to come. Of course, Epyc relating to the prior version of AMD's chips.
