Advanced Micro Devices Jumps on Upgrade
Advanced Micro Devices climbed after being upgraded to 'buy' by analysts at Bank of America.
Shares of Advanced Micro Devices (AMD) - Get Report popped Thursday after analysts at Bank of America upgraded the stock to BUY from UNDERPERFORM just one week after Jim Cramer mentioned the company as a potential acquisition target. Analysts at the firm also more than doubled the semiconductor manufacturer's price target to $12 a share from $5, saying that the company is the only play that could challenge Intel's domination of the PC and servers market, and Nvidia's dominance of the gaming, pro-graphics and deep learning markets.
