AMD just announced an extension of its relationship with Oracle. Plus, an analyst upgraded the stock and implied Wall Street’s profit expectations aren’t high enough.
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AMD
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Stocks
AMD gets upgrade after stock’s 24% one-day surge. ‘We rarely do this,’ says chagrined analyst.
It’s likely the first of many — analysts at Jefferies upgraded Advanced Micro Devices to a buy, after the chipmaker’s stock surged on a pact with ChatGPT maker OpenAI.
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Trade tensions dominated the macroeconomic landscape this week, impacting the tech sector. US President Donald Trump’s confirmation of tariffs against Canada and Mexico resulted in significant market losses on Monday…