The Chips Act aims to reduce U.S. dependence on foreign semiconductor chips amid a global shortage that some say could last through 2023. Read More...
Benzinga
Wells Fargo Slashes AMD’s Price Target By 7%: Find Out Why
Wells Fargo analyst Aaron Rakers maintained Advanced Micro Devices, Inc (NASDAQ: AMD) with an Overweight and cut the price target from $140 to $130. Rakers was positive on AMD’s ability to continue gaining share in the server and PC CPU markets, increasing traction in datacenter GPUs, positive, accelerating incremental operating leverage, and ultimately earnings power above $6/share by 2025. A positive early-June Analyst Day, which he believed reaffirmed confidence in AMD’s product roadmap/conti
