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Citigroup analyst Christopher Danely upgraded Advanced Micro Devices Inc (NASDAQ: AMD) to Neutral from Sell with a price target of $95, up from $17, implying an 8.5% upside. Danely’s channel checks suggested that AMD share gains were finally accelerating in the server market, especially at hyper-scale companies like Amazon.com Inc’s (NASDAQ: AMZN), Amazon Web Services, and Alphabet Inc’s (NASDAQ: GOOG) (NASDAQ: GOOGL) Google.
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