00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Advanced Micro Devices shares rose in Wednesday pre-market trading after several Wall Street
00:07firms raised their price targets and reports showed stronger semiconductor demand, according
00:12to Benzinga. KeyBank maintained an overweight rating and increased its target to $725,
00:19citing added server CPU capacity and the expected 2026 ramp of the MI4-55AI GPU and Helios platform.
00:27Bank of America raised its target to $620, while TD Cowan increased its forecast to $675.
00:35Hedge funds also bought U.S. semiconductor stocks at the fastest pace in at least three and a
00:40half years. AMD gained additional support after a Kingsoft subsidiary received U.S. approval
00:46to use certain AMD AI chips in China. Shares were up 0.75% at 552.26 during pre-market
00:55trading
00:56on Wednesday, according to Benzinga Pro Data. For all things money, visit Benzinga.com.
Comments