AMD (Advanced Micro Devices) Aktie News

KeyBanc's Jon Vinh raised his 12-month forecast for Advanced Micro Devices (NASDAQ: AMD) stock on January 13 to $270, meaning he now expects a 26.84% rally from the equity's press time price of $212.86: a welcome turn should it come, considering the chipmaker's stock declined 0.61% since New Year's Day.

KeyBanc's Jon Vinh raised his 12-month forecast for Advanced Micro Devices (NASDAQ: AMD) stock on January 13 to $270, meaning he now expects a 26.84% rally from the equity's press time price of $212.86: a welcome turn should it come, considering the chipmaker's stock declined 0.61% since New Year's Day.

Intel and AMD gained after being upgraded by KeyBanc analyst John Vinh.

Microchip stocks pull back in premarket trading as traders try to digest the latest headlines in the DoJ investigation of Jerome Powell, and the job report last week.

Advanced Micro Devices (AMD) has faced difficulties in the past. Its stock has decreased by over 30% within less than two months on as many as 14 different occasions in recent years, erasing billions in market value, and undoing substantial gains during a single correction.

AI hardware players are expected to have another great year. Cloud computing companies will continue to see demand outstrip supply.

Nvidia remains the AI infrastructure leader, but its stock is up huge and the company is facing increased competition. Broadcom has a major opportunity in the ASIC market helping customers design custom AI chips.

Nvidia recently unveiled its new GPU architecture. AMD can grab market share that Nvidia is conceding due to supply constraints.