Type: rating_growth

Analysts UBS raised Advanced Micro Devices (AMD) target price to $670 and Arm Holdings (ARM) target price to $455 on strong CPU demand

UBS has upgraded its price targets for Advanced Micro Devices (AMD) and Arm Holdings, citing a surge in demand for CPUs driven by the rise of artificial intelligence applications. This bullish outlook reflects strong growth potential for both companies as they capitalize on the evolving AI landscape.

Analysts Needham raised Micron Technology (MU) price target to $1,550 on strong demand for memory chips

Micron's shares have surged over 300% this year, reaching an all-time high, driven by a global memory chip shortage and strong demand from artificial intelligence applications. Analysts are optimistic about the upcoming earnings report, with expectations for earnings per share significantly exceeding consensus estimates.