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AMD Surges on Raymond James Upgrade and Multi-Billion AI Deals with Microsoft and Anthropic

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Raymond James upgraded AMD to Strong Buy with a $641 price target, citing strong datacenter momentum.
  • AMD reported record Q2 earnings and announced major AI chip deals with Microsoft Azure and Anthropic, which plans to deploy multi-gigawatt Helios systems.
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AMD price history

516.13 +140.00% over the displayed period

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