AMD’s price target was raised to $200 from $120 at Barclays. A Barclays analyst noted that they prefer A.I. names levered to the “2nd wave” of A.I. and the price target change is part of the firm’s outlook for 2024. Alex Coffey and Jenny Horne discuss AMD as it is on track for its highest close since December 2021. They talk about how Keybanc noted that the demand for semiconductors is critical to power A.I. Tune in to find out more about the stock market today.
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