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AMD shares rise 13.26% following Google Cloud chip adoption and Oppenheimer upgrade

Investor's Business Daily +2 · ·by G4L

AMD Advanced Micro Devices Inc
$515.21 +1.30%
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  1. 1AMD closed at $508.58, up 13.26%.
  2. 2Oppenheimer upgraded AMD to outperform with a price target of $600.
  3. 3AMD's data center segment revenue grew 97% year-over-year in the third quarter.

So what's the key point?

AMD shares rose 13.26% as Google Cloud adopted its chips. Analysts raised the price target to $600, expecting further growth.

Source Investor's Business Daily +2 · View original ↗

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