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Analysts Raise AMD Target on Renewed China AI Chip Opportunities
Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the AI Stocks Investors Are Watching Closely. On July 15, Mizuho analyst Vijay Rakesh raised the price target on the stock to $175.00 (from $152.00) while maintaining an “Outperform” rating.
AMD Stock Continues Surging as Exports to China Set to Resume—Watch These Key Price Levels
AMD shares climbed again Wednesday amid optimism about the company's plans to restart exports of its MI308 chips to China. Monitor these key chart levels.
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AMD to resume shipments of Instinct MI308 chips to China following Department of Commerce approval
Like Nvidia’s H20 chips, AMD’s MI308 products were specifically restricted by the Trump administration following the roll-back of the Biden-era AI Diffusion Rule, which was set to restrict access to AI chips and AI model weights by countries, determined by a tiered system decided by the US government.
AMD Doesn't Have A Presence In China, Yet
Advanced Micro Devices, Inc. gains momentum with China expansion, AI adoption, and OpenAI ties. Click for my updated look at AMD stock ahead of Q2 earnings.
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