What's Going On With AMD Stock Tuesday
Portfolio Pulse from Anusuya Lahiri
AMD stock is up as B of A Securities re-rated the company and AMD launched its new Ryzen and Athlon 7020 C-Series processors for Chromebooks. B of A Securities analyst raised the price target for AMD from $105 to $120, believing it can take a larger market share from rivals like Nvidia.
May 23, 2023 | 4:55 pm
News sentiment analysis
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NEGATIVE IMPACT
AMD's potential growth and ability to take a larger market share may pose a threat to Broadcom's position in the AI accelerator market.
As AMD's price target is raised and the company is expected to take a larger market share from rivals, this may negatively impact Broadcom's stock in the short term due to increased competition.
CONFIDENCE 60
IMPORTANCE 40
RELEVANCE 40
NEGATIVE IMPACT
AMD's potential growth and ability to take a larger market share may pose a threat to Nvidia's dominance in the AI accelerator market.
As AMD's price target is raised and the company is expected to take a larger market share from rivals like Nvidia, this may negatively impact Nvidia's stock in the short term due to increased competition.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
AMD stock is up as B of A Securities re-rated the company and launched new processors for Chromebooks. The price target was raised from $105 to $120, indicating potential growth.
The re-rating by B of A Securities and the launch of new processors positively impact AMD's stock. The raised price target from $105 to $120 indicates the analyst's belief in AMD's potential growth and ability to take market share from rivals like Nvidia.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100