UPDATE: Wedbush Raises Advanced Micro Devices' PT

According to a research report released earlier today, Wedbush has increased Advanced Micro Devices'

PT from $9 to $10. Wedbush said in the report, “Advanced Micro Devices (AMD) reports a nice Q1 bottom line beat, with revenue at the high end of the company's guidance ranges. AMD reported a Q1 beat with pro forma EPS of $0.12 on revenue of $1.59B (-6% Q/Q growth).” Wedbush maintains its Outperform rating on AMD, which is currently trading at $8.11.