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Wajeeh Khan

Citi Just Upgraded AMD Stock. Here’s Why.

AMD Citi Atif Malik Advanced Micro Devices

Advanced Micro Devices (AMD) stock has already more than doubled this year, but Citi analysts led by Atif Malik remain convinced it has significant further room to the upside.

In a research note on Friday, Malik upgraded the chipmaker to “Buy” and raised his price target to $575, indicating potential upside of more than 12% from current levels.

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