What's Going On With Advanced Micro Devices Stock?

Advanced Micro Devices, Inc. AMD shares are moving Friday, and the stock has gained more than 7% over the past five days. Here's a look at the latest AMD news:

What To Know:

AMD hosted its Advancing AI event earlier this week where it announced several new products, including the AMD Instinct MI300 Series data center AI accelerators, ROCm 6 open software stack with significant optimizations and new features and Ryzen 8040 Series processors with Ryzen AI.

AMD's CEO Dr. Lisa Su said, “AI is the future of computing and AMD is uniquely positioned to power the end-to-end infrastructure that will define this AI era, from massive cloud installations to enterprise clusters and AI-enabled intelligent embedded devices and PCs.”

This week Stifel analyst Ruben Roy reiterated Advanced Micro Devices with a Buy and maintained the $145 price target, and Raymond James analyst Srini Pajjuri maintained Advanced Micro Devices with a Strong Buy and raised the price target from $125 to $140.

According to data from Benzinga Pro, AMD shares are trading above the stock's 50-day moving average of $110.69 and near its 52-week high of $132.83.

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AMD Price Action: According to Benzinga Pro, Advanced Micro Devices shares are down by 0.40% at $127.85 at the time of publication.

Image: Frank Reppold from Pixabay