AMD & Other Semiconductors Could Be On The Uptrend
Piper Sandler sees AMD (AMD) data center revenues “significantly increasing sequentially” in the second half of the year. Alex Coffey and Jenny Horne discusses AMD as Piper Sandler notes that AMD is well-positioned to capitalize on data center and P.C. market opportunities and keeps its overweight rating and raised its price target to $150 from $110. Alex and Jenny talk about how AMD hit its 52-week high last Wednesday and the stock lost about half its value, but is gaining it back. They then compare AMD to other semiconductor stocks which include Lam Research (LAM), Micron (MU), Nvidia (NVDA), and Western Digital (WDC). Alex then demonstrates an example trade using AMD. The trade type is buy call calendar and the direction is bullish. Tune in to find out more about the stock market today.
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