Advanced Micro Devices ( (AMD) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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Advanced Micro Devices (AMD) is capturing attention in the financial markets as analysts maintain a positive outlook on the company’s stock. Joshua Buchalter from TD Cowen has reiterated a Buy rating with a price target of $195, while the stock closed at $157.92 last Thursday. The consensus among analysts is a Moderate Buy, with an average price target of $188.07, suggesting a potential upside of 24.6%. AMD’s shares have risen by about 31% year-to-date, driven by strong demand for its AI and data center products. However, the stock has faced some pressure due to margin concerns and rising competition.
The company’s ownership structure reveals that public companies and individual investors hold 41.96% of AMD, with significant stakes also held by ETFs and mutual funds. Vanguard is the largest shareholder with an 8.19% stake. Despite recent challenges, analysts like Piper Sandler’s Harsh Kumar remain optimistic about AMD’s growth potential, citing strengths in servers, PCs, and GPUs. As competition in the AI chip market intensifies, AMD continues to be a focal point for investors looking for opportunities in the tech sector.