Reported 1 day ago
Advanced Micro Devices (AMD) has reported record quarterly earnings and a positive outlook due to high demand for its data center chips. However, investor response has been tepid amid fears of an AI bubble, leading to a mixed reception. Despite this, most Wall Street analysts maintain a bullish stance on AMD, with predictions of increased market share and several analysts raising their price targets for the stocks, reflecting confidence in AMD's growth potential, especially following its partnership with OpenAI.
Source: YAHOO