The brokerage increased its target for AMD by $50, signaling a more constructive view on the chipmaker, according to a Jin10-cited Odaily report.
Bernstein raised its price target on AMD to $650 from $600, according to Odaily and cited by Jin10. The move marks a higher valuation benchmark for the chipmaker and points to a more upbeat stance from the brokerage, though the report provided no additional rationale for the change.