AMD's Stock Hits New Yearly Peak After Analyst Upgrade

Advanced Micro Devices, Inc. (NASDAQ: AMD) has hit a significant milestone by reaching a new 52-week high. This surge in stock price occurred on Monday following an update from financial firm Raymond James, which increased its price target for AMD from $140.00 to $190.00. The investment services firm upholds a strong-buy rating on the semiconductor giant's shares. As a result, trading peaked at $174.30, with this number also being the closing trade value, supported by an exchange of over 2.4 million shares. Prior to this high, the stock's closing price stood at $174.23.

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