HSBC upgraded AMD (AMD) to Hold from Reduce with a price target of $100, up from $75. The firm cites the recent re-rating of the shares on the back of the Saudi artificial intelligence deal and tariff de-escalation for the upgrade. AMD is in a good position to fend off competition from Intel (INTC) as it continues to gain market share, the analyst tells investors in a research note. HSBC believes AMD should benefit from a new AI GPU product launch this year and in 2026.
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