AMD stock falls 6%: why are analysts still bullish on the stock?

AMD shares fell about 6% amid a broad semiconductor selloff, pressuring the stock despite positive Street sentiment. Multiple Wall Street firms raised their price targets and reaffirmed bullish long-term views, partially offsetting near-term weakness.

Analysis

AMD shares fell about 6% amid a broad semiconductor selloff, pressuring the stock despite positive Street sentiment. Multiple Wall Street firms raised their price targets and reaffirmed bullish long-term views, partially offsetting near-term weakness.