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AMD Soars 3.1% on Positive Outlook, Barclays Targets $110

Mover TrackerWednesday, Apr 23, 2025 4:06 am ET

1min read

On April 23, 2025, Advanced Micro Devices (AMD) saw a 3.1% rise in pre-market trading, reflecting positive investor sentiment and market dynamics.

Barclays recently maintained its "overweight" rating for AMD, setting a new price target of $110.00. This move underscores the firm's confidence in AMD's growth prospects and strategic positioning within the semiconductor industry.

AMD's 2024 annual report, released on February 5, 2025, highlighted the company's financial performance. For the year ending December 28, 2024, AMD reported revenue of $25.79 billion and net income of $1.64 billion, with earnings per share (EPS) of $1.01. These figures demonstrate AMD's strong financial health and operational efficiency.

Founded in 1969, AMD is a global leader in the semiconductor industry, with manufacturing facilities worldwide. The company's product portfolio includes x86 microprocessors for commercial and consumer markets, embedded processors, chipsets for desktops and laptops, professional workstations and servers, and graphics and multimedia products for desktops and laptops.

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