AMD Stock Rises as Oppenheimer Upgrades Shares, Forecasts 135% Data Center Revenue Growth

Advanced Micro Devices (NASDAQ: AMD) shares climbed more than 4% to around $470 in Monday's premarket trading after Oppenheimer upgraded the chipmaker from Perform to Outperform and set a $600 price target, citing expectations for accelerating artificial intelligence chip sales. The target is approximately 28% above AMD's indicated premarket share price.

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