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Wajeeh Khan

Bank of America Just Upped Its Price Target on AMD Stock

Bank of America’s senior analyst Vivek Arya says Akamai’s recent deal with Anthropic makes for another reason to buy Advanced Micro Devices (AMD) shares. In a research note this morning, Arya maintained his “Buy” rating on AMD and raised his price target to $720, indicating potential upside of nearly 15% from here.

AMD stock has been a lucrative investment in 2026, currently trading at about 3x its price at the start of this year. The chipmaker has recently joined the trillion-dollar club as well.

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