AMD shares rise 10% after analysts say they expect a 'snapback' for chipmaker
1. AMD shares rose nearly 10% following positive analyst sentiment. 2. Piper Sandler raised AMD's price target from $125 to $140. 3. Analysts anticipate a rebound in AMD's GPUs this fourth quarter. 4. AMD launched next-gen AI chips and a critical server rack, Helios. 5. Helios is expected to attract AI customers like cloud providers.