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Why AMD Stock Crushed it on Thursday

The Motley Fool·
Why AMD Stock Crushed it on Thursday

AMD stock surged 8% on Thursday following a bullish analysis from Bank of America Securities analyst Vivek Arya, who raised his server CPU market estimate to $170 billion by 2030 (from $125 billion) and named AMD as the bank's top CPU stock pick. The upgrade was driven by strong demand from agentic AI and AMD's upcoming Venice processor launch, with Arya raising his price target to $560 from $500.

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