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Why Did AMD Shares Rise 3.05%? AI Chip Momentum Drives Investor Confidence
Generated by AI AgentAinvest Pre-Market Radar
Tuesday, Jul 15, 2025 4:28 am ET1min read
Advanced Micro Devices (AMD) shares rose 3.05% in pre-market trading on July 15, 2025, reflecting growing investor confidence in the company's AI chip momentum.
HSBC recently doubled its price target for
, citing strong momentum in the AI chip market. The firm upgraded its rating on AMD from "Hold" to "Buy" and raised its one-year price target from $100 to $200 per share. This move underscores the increasing optimism among analysts regarding AMD's prospects in the AI sector.Analysts have been bullish on AMD, with the average rating for the stock being "Buy" and a 12-month price target of $146.26. This consensus reflects the company's accelerating growth in AI chip markets and renewed investor interest.
AMD's stock has been climbing amid strong earnings and positive headlines, further bolstering investor confidence. The company's focus on AI chip development and its strategic positioning in the market have been key drivers of its recent performance.
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