To justify his bullishness, Lipacis noted AMD's Ryzen 7 (which was launched on March 2, 2017) and Ryzen 5 (which will be available on April 11, 2017) processors should help the company take significant market share considering they offer comparable performance and more attractive pricing than similar chips from Intel. First, Jefferies analyst Mark Lipacis reiterated his buy rating on AMD stock, but also increased his per-share price target to $16 from $13. Shares of AMD climbed more than 7% as two optimistic analysts chimed in regarding the prospects of the company's new Ryzen 7 chips. Let's take a closer look at what drove these unusual moves.
( SNAP 2.70%), and NVIDIA ( NVDA 2.10%) were among those stocks that delivered outsized gains today. But amid a flurry of encouraging analyst notes, there were a few individual companies that managed to buck the trend, and shares of Advanced Micro Devices ( AMD 1.22%), Snap Inc. All Rights Reserved.After a strong showing late last week as the Federal Reserve opted to increase interest rates, the stock market was mostly flat on Monday, with major indexes fluctuating between positive and negative territory. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates.
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