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Why is AMD stock rising in premarket today?

The chip giant announced a major memory supply agreement with Samsung.
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AMD Analyst Lifts Price Target, Eyes 2 Big Catalysts: Stock Slides Premarket Despite Q3 Beat

・Baird’s Tristan Gerra maintained an ‘Outperform’ rating for the stock and raised the price target to $300 from $240. ・Retail sentiment toward AMD stock shifted to ‘neutral’ by early Wednesday, ...