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AMD Stock Jumps 9% On Monday Morning
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Source: Artvoice
BusinessTechnologyAMD Stock Jumps 9% On Monday MorningTTroy Smith · November 9, 2026Troy SmithSharefXin✉AMD stock jumped about 9% Monday morning after Oppenheimer upgraded the chipmaker to Outperform, recovering most of last week’s selloff.Shares were trading at $490.90 at 10:45 a.m. Eastern, up $41.86, or 9.32%, from Friday’s close of $449.04, with a high of $493.55 and a market value of about $805 billion. Oppenheimer analyst Rick Schafer upgraded the stock from Perform and set a $600 price target, which is about 34% above Friday’s close, in a note Sunday. Schafer cited AMD’s position as a durable supplier of AI computing power, its planned MI500 and MI600 chip launches and a partnership with Anthropic that ramps up in the first quarter of 2027. He models data center revenue growth of 135% in 2027.The move follows a volatile week.
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