**Advanced Micro Devices (AMD) Sees Stock Price Surge Following Analyst Recommendations**
Shares of Advanced Micro Devices (NASDAQ: AMD) rose approximately 4% on Monday after bullish remarks from Wedbush analyst Matt Bryson. Bryson emphasized that AMD doesn’t need to compete directly with Nvidia to be profitable, as robust sales of its CPUs, particularly in data centers, can drive solid margins. He projects an 18% increase in AMD’s stock price, anticipating it could reach $290 per share.
Investors can expect further insights into AMD’s CPU sales and AI initiatives during its conference call on February 3 at 5:00 p.m. EST, just prior to the company’s fourth-quarter financial results announcement.
