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.
AMD's RX 9070 and 9070 XT aim to dominate the mid-range GPU market, challenging NVIDIA's RTX 5070 lineup. With competitive pricing and enhanced ray tracing capabilities, will AMD seize the opportunity?
