What's Going On With AMD Stock Tuesday

Advanced Micro Devices, Inc AMD stock is up Tuesday as B of A Securities re-rated the company. The chipmaker also launched the new AMD Ryzen and Athlon 7020 C-Series processors lineup, bringing modern performance and technologies to everyday Chromebooks.
With speeds of up to 4.3 GHz, up to four cores and eight threads built on proven "Zen 2" architecture, and powerful AMD RDNA 2 integrated graphics, these processors are likely to deliver fast and responsive performance for modern productivity, video conferencing, learning apps, and streaming applications.
Jason Banta, corporate vice president and general manager, Client OEM, AMD, said: "Whether you're a student using learning apps or a professional who needs a streamlined computing solution for productivity, you can expect uncompromised performance and excellent battery life, delivering a seamless experience overall."
B of A Securities analyst Vivek Arya maintains AMD with a Neutral and raised the price target from $105 to $120.
The analyst thinks AMD can ride the AI wave to take a more significant market share from rivals like Nvidia Corp NVDA.
BofA forecasts AMD's share in the AI accelerator market to remain constrained in the 2% - 3% as none of the larger incumbents, Nvidia with a 70%-75% share and Broadcom Inc AVGO with a 10%-15% share, is stumbling in AI yet.
AMD's session volume reached 27.5 million versus the average 100-day volume of 64.3 million.
Price Action: AMD shares traded higher by 0.63% at $108.65 on the last check Tuesday.
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