AMD Stock Rises 1% Overnight After Helios AI System Unveil; Jefferies Raises Target to $640

AMD-2.24%
NVDA-1.58%
AMD stock rose 1% to $544.98 overnight ahead of Friday (July 24) following the close of the company's Advancing AI conference on Thursday, when CEO Lisa Su unveiled the Helios rack-scale AI system in full production and detailed a multi-year roadmap through 2030. Jefferies raised its price target on AMD to $640 from $515, citing the company's clear server leadership and potential advantage over Nvidia. On Stocktwits, retail sentiment for AMD shifted to 'bullish' as traders grew more optimistic about the announcements.
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