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DA Davidson Upgrades Advanced Micro Devices (NASDAQ:AMD) to Hold
DA Davidson upgraded Advanced Micro Devices (NASDAQ:AMD) to a “hold” rating, as reported by Zacks.com. This upgrade comes amidst mixed analyst sentiment, with several firms issuing “buy” or “outperform” ratings and increasing price targets due to AMD’s gains in PC and server market share, and positive outlooks on its GPU and data-center growth. However, insider stock sales and some analysts’ concerns about networking and software stack areas present potential headwinds.