AMD shares jump; Piper Sandler raises PT

Advanced Micro Devices's AMD.O shares jump ~10% to $127.59 on Mon, on track to snap three straight losing sessions, helped by a price target increase from Piper Sandler analysts

AMD is on track for biggest daily pct gain since April 9 and highest close since Jan 7

AMD executives briefed analysts on Fri, according to Piper Sandler analysts led by Harsh Kumar

"Overall, we are enthused with the product launches at the AMD event this week,
specifically the Helios rack, which we think is pivotal for AMD Instinct growth. We do expect
a snapback for GPU business in the 4Q25 quarter when most of the China related charges
are through," Kumar says

Piper Sandler raised AMD's PT to $140 from $125 and retained "overweight" rating

Among 52 analysts that cover AMD, avg rating is "BUY" while median PT is $132, up from $126 a month earlier

Chips index .SOX is up 3% on the session amid a broad rally on Wall Street

AMD is up 5.2% YTD vs NASDAQ Composite Index's .IXIC 2% increase