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AMD catches two upgrades on Wall Street that may signal a bottom in the chip industry's slump

November 15, 2022
Source: cnbc.com cnbc.com
News Snapshot:
Advanced Micro Devices (AMD) is getting some love Monday in the form of upgrades from UBS and Baird, bolstering our recent decision to halt trimming any more of the chip designer's shares. AMD shares rose 3% to start the week, riding a winning streak since last Thursday's 14% jump in the broader market's surge that day. However, AMD, like many of its peers, has been decimated on Wall Street, losing 48% in 2022. What UBS thinks UBS took its rating on AMD up to buy from neutral and raised its price target to $95 per share from $75, arguing the...
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