semiconductor / news / / Markets Insider
Shares of semiconductor giant Advanced Micro Devices (AMD) have performed strongly, surging about 64% in April and more than 68% year-to-date.
ARK Invest sold over 208,000 AMD shares worth $70.89 million in two days before earnings.
KEY POINTS
- Susquehanna raised AMD's price target to $375, citing strong EPYC chip and AI product demand.
- RBC Capital noted AMD faces wafer supply constraints and has lower CPU exposure than Intel.
- Despite positive revenue and EPS forecasts, the average analyst price target suggests 17% downside risk.
COMPANIES
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