AMD gets price-target hike despite mixed Q2; retail bullish
AMD stock dipped post-Q2 results, but retail sentiment surged to 'extremely bullish'. Revenue rose 32% YoY to $7.69 billion, beating estimates, while EPS missed by 1 cent. Baird raised its target to $175, citing strong AI demand. Data Center revenue grew 14%, and CEO Lisa Su projected robust growth from Instinct MI350 chips in H2.