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AMD shares +1.41% after BofAML optimism

Published 08/15/2017, 11:38 AM
© Reuters.  AMD shares +1.41% after BofAML optimism
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  • Bank of America Merrill Lynch (NYSE:BAC) reiterates its Buy rating and $18 price target for Advanced Micro Devices (NASDAQ:AMD).
  • Analyst Vivek Arya cites industry checks showing shelf-space improvements for the new Ryzen PC processors including an up to 50% share at online stores. AMD’s current desktop unit share is about 11%.
  • Arya also expresses optimism about the new Vega gaming graphics cards.
  • AMD shares are up 1.41%.
  • Previously: AMD announces commercial launch of Radeon graphics cards (Aug. 14)
  • Now read: More Reasons AMD's Product Line-Up Will Beat Intel (NASDAQ:INTC)'s Core I9


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