Advanced Micro Devices IncRaymond James upgraded AMD to strong buy with a $641 price target, implying 40% upside.
Dick's Sporting Goods shares plunged more than 12% in premarket trading after the retailer reported revenue of $5.59 billion, below the $5.65 billion expected by analysts polled by LSEG, citing a challenging footwear market. Advanced Micro Devices gained 2% after Raymond James upgraded the chipmaker to strong buy from outperform with a $641 price target implying 40% upside from Monday's close, expecting AMD to overtake Intel in the CPU market. Chip stocks rose broadly, with Intel up more than 3%, Nvidia up nearly 1%, and the VanEck Semiconductor ETF climbing more than 1%. Kura Oncology jumped 11% after CEO Troy Wilson disclosed buying 100,000 shares, Navitas Semiconductor rose about 5% on a $232.8 million deal for Claros, and United Airlines gained 2.9% after announcing 2027 flights spanning Sardinia to Okinawa.
Advanced Micro Devices IncRaymond James upgraded AMD to strong buy with a $641 price target, implying 40% upside.
NVIDIA Corporation
Navitas Semiconductor CorpAnnounced a $232.8 million deal for Claros.
Intel Corporation
Dick’s Sporting Goods IncRevenue of $5.59 billion missed expectations due to a challenging footwear market.
Kura Oncology IncCEO Troy Wilson bought 100,000 shares, signaling confidence.
United Airlines Holdings IncAnnounced 2027 flights spanning Sardinia to Okinawa, indicating expansion.