AMD Stock Surges On Citigroup Upgrade Ahead Of 'Advancing AI' Event - Advanced Micro Devices (NASDAQ:AMD)

AMD Stock Surges On Citigroup Upgrade Ahead Of 'Advancing AI' Event - Advanced Micro Devices (NASDAQ:AMD)

AMD's stock price surged over 4% after Citigroup raised its price target Monday. The rally comes just days before the company's highly anticipated "Advancing AI" event.

AMD Surges as Citi Raises Price Target to $120 Before AI Event - Wall Street Pit

Advanced Micro Devices Inc. (AMD) shares increased 3% to $119.69, hitting an intraday high of $122.37, driven by anticipation for the company’s Advancing AI event on June 12. Citi raised AMD’s price target from $100 to $120, maintaining a Neutral rating, as the company prepares to unveil its MI355X AI…

AMD Gains as Analyst Ups Price Target on AI Prospects

AMD's 5% stock gain reflects optimism around the company's AI prospects.