Raymond James has raised its rating on Advanced Micro Devices, or AMD, to "strong buy" and set a $641 price target, according to a Techub News item citing Crypto Briefing. The investment firm tied the upgrade to AMD’s momentum in the artificial intelligence data center segment. The note did not include additional financial estimates or a timeline for the target, but it made clear that AI-related data center growth was the main driver behind the revised view. The update places AMD in focus as investors track hardware companies tied to AI infrastructure demand. Techub published the item under its technology category.
Raymond James has upgraded Advanced Micro Devices (AMD) to a "strong buy" rating and assigned a $641 price target, according to a Techub News brief that cited Crypto Briefing.
The investment firm said the key reason for the upgrade was AMD’s growth momentum in the artificial intelligence data center business.
No additional details were provided in the brief beyond the rating change, the target price, and the stated rationale.
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