Advanced Micro Devices (AMD) continues to push aggressively higher.

As we noted on March 20, “The stock now sits at $97.84 – and could soon hit our $100 target.” However, it did even better than that.  Thanks to Nvidia’s powerhouse earnings, shares of AMD are pushing aggressively higher.”

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Today, AMD is up to $123.79 and could rally even higher. Helping, Piper Sandler just raised its price target to $150 from $110.  And Citi just raised its target to $120. Even better, AMD will continue to benefit from the AI boom — which could be worth about $1.8 trillion by 2030. Plus, analysts at Bank of America say AI is on the brink of an “iPhone moment” and could boost the global economy by $15.7 trillion in seven years. 


Ian Cooper