Reported about 13 hours ago
Advanced Micro Devices (AMD) has had its price target raised to $130 per share by Barclays, following significant AI-related agreements developed during U.S. President Trump's recent visit to the Middle East. The partnership with Saudi startup Humain, which involves a $10 billion investment, along with AMD's plan to repurchase $6 billion in shares, is driving positive sentiment towards the stock. This deal aims to enhance cooperation in artificial intelligence between the U.S. and the UAE, solidifying AMD's position within the trending AI stocks on Wall Street.
Source: YAHOO