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AMD Stocks Jump 2.1% as 2027 Supply Push and $800 Target
GuruFocus ·
GuruFocus reports: Advanced Micro Devices, the CPU and AI-accelerator designer , rose roughly 2.1% to $644.975 in the October 6 snapshot. According to Barron's reporting, Citi set an $800 price target as Meta's persistent Muse workloads reinforced its server-processor thesis. That leaves about 24% upside. The bet hinges on sustained computing demand turning into chip sales. Supply is the next hurdle. According to Reuters reporting, CEO Lisa Su said AMD plans to substantially expand chip…