Advanced Micro Devices on Tuesday will host its first financial analyst day in three years — and Wall Street thinks the chipmaker will live up to high expectations. AMD shares have been on a tear this year as investors cheered the company's high-profile partnerships with AI giants such as OpenAI and Oracle . Although the stock is up nearly 104% year to date, shares have slumped about 5% since AMD gave fourth-quarter margin guidance that was in line with estimates. Analysts remain bullish on the stock with a consensus price target of $267.02 implying roughly 9% potential upside ahead, per LSEG. Of the 55 analysts covering the stock, 28 rate it a buy and 14 give it a strong buy rating. Twelve maintain a hold rating on shares, and one analysts has a sell rating. Analysts continue to expect st
AI trade faces key test before Nvidia earnings: AMD's analyst day
CNBC Investing6 hrs ago
80


Associated Press US and World News Video
Bozeman Daily Chronicle Sports