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Advanced Micro Devices (AMD) Stock Surges on Stifel’s Bullish $320 Price Target
Stifel Nicolaus has increased its price target for Advanced Micro Devices (AMD) to $320 from $280, maintaining a Buy rating. This upgrade is driven by an accelerated demand for AI computing infrastructure and significant partnerships with Meta and OpenAI. The report also highlights that AMD’s long-term EPS target of $20+ was set before the Meta partnership, suggesting potential for upward revision, though supply chain constraints remain a concern for meeting robust demand.