Advanced Micro Devices (AMD) jumped over 4% after HSBC upgraded its rating to 'buy,' citing strong performance of its new AI chips, which rival Nvidia's offerings. Analysts see further upside potential with future product launches.
HSBC is making strategic shifts in its business operations, focusing on Asian markets while restructuring globally. Amid pressure to enhance profitability and navigate geopolitical challenges, the bank aims to streamline operations and boost returns.
