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BofA Securities on AMD (AMD): 'Oct-10 AI event could be catch-up catalyst'

October 3, 2024 5:33 AM EDT

BofA Securities analyst Vivek Arya reiterated a Buy rating and $180.00 price target on AMD (NASDAQ: AMD).

The analyst comments "Maintain Buy ahead of AMDs upcoming Oct-10 Advancing AI event. Recall lasts year AI event (Dec-6) produced 19%/80% stock returns 1/3 months later (vs. SOX... More