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AMD stock climbs after analyst upgrades shares to Buy

Yahoo Finance Video

Yahoo Finance Live’s Brian Sozzi discusses why AMD stock is rising on Tuesday.

Video transcript

[MUSIC PLAYING]

BRIAN SOZZI: All right, before we had to break, let's throw a spotlight on shares of AMD. Shares of the chip maker being defended by Piper Sandler analyst Harsh Kumar after a 20% plunge in the past three months. Kumar upgraded is rating on AMD to overweight or buy from neutral. Price target is going to $140 from $98. Kumar says AMD's core businesses are running well and long-term catalysts do, in fact, remain intact.