AMD rose nearly 2% in premarket trading. The same update said Citi upgraded its rating on AMD from “Neutral” to “Buy.” The rating change and the premarket price move appeared together in the brief market item, making AMD the central name in the report.
Premarket trading refers to price action before the regular trading session opens, while “Neutral” and “Buy” are common rating terms used in institutional research. The item did not provide further details on Citi’s reason for the upgrade, nor did it include additional trading data beyond the nearly 2% premarket move.
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