AMD Micro Devices Inc. (AMD) surges on brokerage upgrade

Shares of Advanced Micro Devices Inc. (NYSE: AMD), which issues results on Thursday, soared on Monday after a UBS analyst upgraded the AMD stock to "Buy" and raised the target price for AMD and earnings estimates due to expectations for increased growth.

Advanced Micro Devices Inc. (AMD) has already gained by 5.45 percent, to $6.15, by late afternoon, following the upgrade made by UBS.

AMD Micro Devices Inc. (AMD), which has a market-cap of $4.10 billion, is already trading above its 50 days and 200 days moving average levels.