Advanced Micro Devices is trading at ARS 105650.00, up +4.14%, after CEO Lisa Su said AI chip demand exceeds current supply.
- Su said AMD plans to substantially increase supply in 2027, according to Reuters reporting carried by Yahoo Finance.
- Citi also raised its price target to $800 from $575. The report noted AMD shares were higher in premarket trading.
- A broad risk-on backdrop may also be supportive: major U.S. indices were up more than 0.5%, amid AI optimism and easing yields.