Mrzorro
04-26

AMD's Rally to All-Time High Sends Short Sellers Retreating


$Advanced Micro Devices(AMD)$  's ascent to an all-time high sent short sellers retreating as growing demand for AI chips and rising spending on data centers propel semiconductor stocks higher.

Trading in borrowed AMD shares that were sold short on Nasdaq and NYSE declined to 4.72 million shares Thursday, from 5.42 million shares a day earlier. That accounted for 10.3% of the shares that changed hands that day, when the stock closed at a record high.

The rally continued Friday, with the stock climbing another 14%, taking AMD's market capital above $550 billion. That underscored how AI demand is rewriting the narrative for semiconductor stocks.

The fresh bout of gains came after Intel's blowout earnings added to mounting evidence of sustained demand growth. D.A. Davidson analyst Gil Luria reportedly raised his price target to $375, from $220, citing "meaningful upside to AMD's estimates," given yesterday's financial results from Intel.


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AMD Hits All-Time High Above $4000! AI Nearly Doubles Profits?
AMD (AMD) extended its rally to a record $421.39, gaining 18.61%, after Q1 results showed AI-driven profit growth nearly doubling and revenue rising 38%, beating across the board. The multi-vendor trend — with AWS, Azure, and GCP expanding AMD GPU procurement — was firmly confirmed, while MI300X datacenter GPU ramp speed is seen as the key variable for continued outperformance next quarter. Institutions are broadly raising price targets. With AMD up over 37% in two sessions, where is the next target after this all-time high?
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