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Simon Leopold upgrades Advanced Micro Devices stock to 'Strong Buy' with a 36% upside potential.
Simon Leopold, an analyst at Raymond James, upgraded Advanced Micro Devices stock to a 'Strong Buy' rating. The upgrade comes as the company benefits from the ongoing artificial intelligence boom, which has driven the stock's price up over 113% year-to-date. Leopold raised the 12-month price target for Advanced Micro Devices to $641, suggesting a potential 36% upside from current levels. This move follows a period of high investor interest in the technology sector. Meanwhile, stock futures edged higher on Tuesday as investors prepared for a high-stakes week of quarterly earnings reports and critical inflation data. The market remains focused on the economic indicators and corporate performance of major technology leaders.