AMD shares rose 5% following Citi's upgrade from Neutral to Buy and a price target increase to $575, highlighting underestimated GPU growth amid AI demand. AMD reported strong Q1 2026 results with 38% revenue growth and robust data center sales, driven by partnerships with Meta, OpenAI, and Oracle. Despite a high valuation and some investor caution, the AI-driven GPU ramp and upcoming MI450 launch keep the bull case strong. Investors should watch for sustained gains and further analyst target revisions.
Intel shares surged 8% intraday, reaching near $127 and outperforming peers AMD and NVIDIA. Year-to-date, Intel's stock has soared 237%, driven by strong revenue growth in data center and AI segments, despite no single news catalyst today. Analysts r...
NVIDIA reported a massive $81.6 billion quarter driven by its Blackwell AI platform, with data center revenue up 92% year-over-year, highlighting its dominance in AI infrastructure. AMD posted $10.25 billion, showing strong growth with a 57% increase...
AMD, known for its CPUs, is gaining recognition as a key player in graphics processing units (GPUs). Citi analyst Atif Malik highlights that AMD is emerging as a strong second source for GPUs and is expected to secure a large portion of GPU business ...
US stock futures are volatile due to hopes of an Iran peace deal lifting oil sanctions and SpaceX's historic $75 billion IPO debut on Nasdaq. The Iran deal optimism is lowering oil prices, boosting travel stocks while pressuring energy shares. SpaceX...
Citi analyst Atif Malik upgraded AMD stock from Neutral to Buy, raising the price target from $460 to $575. The upgrade reflects optimism not only about AMD's central-processing units but also its growing potential in graphics-processing units. This ...
