AMD upgraded to Buy from Hold by Truist with a $213 price target, citing AI traction and hyperscale customer interest. Meta plans to launch a California political arm to support AI-focused candidates. Alphabet's Google Translate introduces new features for live conversations and language learning using AI Gemini models.
In recent developments, AMD has been upgraded to a "Buy" rating by Truist, citing significant traction in AI and interest from hyperscale customers. Meanwhile, Meta has announced plans to launch a California-focused political action committee (PAC) to support AI-focused candidates. Additionally, Alphabet's Google Translate has introduced new features designed to enhance live conversations and language learning using AI Gemini models.
AMD Upgraded to Buy by Truist
Truist Financial Corporation (TFC) has upgraded its rating for Advanced Micro Devices (AMD) from "Hold" to "Buy," with a price target of $213. The upgrade is attributed to AMD's strong performance in AI and growing interest from hyperscale customers [1].
Meta's California PAC for AI-Focused Candidates
Meta, the parent company of Facebook and Instagram, is setting up a new PAC in California to support state-level candidates who advocate for lighter regulation of technology, particularly AI. The PAC, named "Mobilizing Economic Transformation Across (Meta) California," will spend tens of millions of dollars and is expected to position Meta among the state's top political spenders ahead of the 2026 governor race [2].
Google Translate's New AI Features
Google Translate has introduced new AI-powered features to facilitate real-time communication and language learning. The new language practice feature is tailored to both beginners and advanced speakers, providing customized listening and speaking practice sessions that adapt to users' skill levels and learning goals. This feature is designed to compete with popular language learning apps like Duolingo [3].
References
[1] https://www.marketbeat.com/instant-alerts/filing-dodge-cox-sells-34834-shares-of-truist-financial-corporation-tfc-2025-08-24/
[2] https://www.reuters.com/world/us/meta-launch-california-super-pac-backing-pro-ai-candidates-politico-reports-2025-08-26/
[3] https://finance.yahoo.com/news/google-translate-takes-duolingo-language-160000041.html
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