Advanced Micro Devices Inc. finished up 8% last week, a sharp rebound from Monday's broader tech selloff. The move outpaced the Philadelphia semiconductor index, which gained just 0.8% for the week, while Nvidia rose almost 2%. Piper Sandler reiterated its Overweight rating and $600 price target on Thursday, saying CPU and GPU product launches remained on track and demand was still outpacing available supply. AMD also told customers it will raise prices by approximately 10% on some AI accelerators and GPUs in the fourth quarter, citing rising production costs. Wall Street's average target of $617 sat about 10% above the stock's then-current price, based on 55 analysts tracked, with 39 Buy ratings, five Outperforms and 11 Holds.
Advanced Micro Devices IncPiper Sandler reiterated Overweight and $600 price target, with Wall Street's average target at $617.
NVIDIA Corporation
Piper Sandler CompaniesPiper Sandler reiterated its Overweight rating and $600 price target on AMD.
