What's Going On With AMD Stock Wednesday
Portfolio Pulse from Anusuya Lahiri
AMD stock is trading lower on profit-taking, despite positive news from the Bank of America 2023 Global Technology Conference and analyst re-ratings. AMD disclosed its improving cloud footprint and plans to reveal their AI strategy next week. Piper Sandler and Citigroup analysts raised their price targets for AMD.
June 07, 2023 | 4:25 pm
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AMD stock is down due to profit-taking, but positive news from the BoA conference and raised price targets by analysts may lead to a rebound.
AMD stock is trading lower due to profit-taking, which is a short-term effect. However, the positive news from the BoA conference, improving cloud footprint, and raised price targets by analysts may lead to a rebound in the stock price. The upcoming AI strategy reveal could also positively impact the stock.
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IMPORTANCE 80
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