Advanced Micro Devices (AMD) and Nvidia (NVDA) were among semiconductor stocks moving higher on positive analyst reports on Tuesday. AMD stock and Nvidia stock notched fresh highs on the news.
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AMD stock received price-target increases from Barclays, KeyBanc Capital Markets and Susquehanna Financial Group.
Nvidia stock scored a price-target hike from KeyBanc.
AMD Stock Hits 52-Week High
In midday trades on the stock market today, AMD stock jumped around 8% to 157.91. Earlier in the session, AMD stock hit a 52-week high of 159.71. The chipmaker recorded its all-time high of 164.46 back in November 2021.
Nvidia stock surged 3% to 563.69. In intraday trading, Nvidia claimed a record high of 568.35.
Elsewhere among semiconductor stocks, Qualcomm (QCOM) nabbed a ratings upgrade and Micron Technology (MU) got a price-target hike.
Qualcomm stock dipped a fraction to 140.03. Micron popped 2.3% higher to 84.31.
Details to follow.
Follow Patrick Seitz on X, formerly Twitter, at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.
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