Truist Securities upgraded AMD to Buy from Hold and raised its price target to $213 from $173, citing strong demand in data centers and artificial intelligence.

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AMD reported Q2 revenue of $7.68B, beating expectations and marking a 32% year-over-year increase, while adjusted EPS of $0.48 matched estimates.

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AMD CEO Lisa Su Predicts AI Inference Demand to Soar Over 80% Annually

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