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AMD gives up all of its gains and then some after receiving its most bullish price target from Wall Street
2 monthes ago - By Business Insider
AMD received a $40 price target - tied for the most bullish on Wall Street - from FBN Securities.
AMD server chip could be a strong driver for total revenues, and help the company gain shares in CPUs over Intel, FBN analyst Shebly Seyrafi said.
But AMD's semi-custom segment could decline next year as its downstream partners Microsoft and Sony are unlikely to launch major new gaming consoles until 2020, according to Seyrafi.
Shares gained as much as 6%, but have rolled over and are now negative.
Watch AMD trade in real time here.
AMD shares gained as much as 6% Thursday after the company...
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