AMD Stock Rises Amid Analyst Upgrades and New Board Appointment

AMD's stock experienced a significant increase of over 7% as a result of positive analyst upgrades and the appointment of a new board member. According to NS3.AI, this surge comes amid a broader recovery in the tech market. Investor optimism has been bolstered by easing trade war concerns and strong demand for server CPUs, particularly through AMD's partnerships with OpenAI and Oracle. KeyBanc and Bernstein have raised their price targets for AMD, indicating confidence in the company's growth prospects despite competition from Intel and Arm Holdings.