Broadcom, AMD Lead Chip Stocks Rally Tuesday
1. Melius analysts raised AMD's price target from $110 to $175. 2. AMD's stock surged 5%, outperforming S&P 500 and Nasdaq. 3. Analysts highlight AMD’s growth in the artificial intelligence sector. 4. Broader market gains followed the cease-fire agreement between Israel and Iran. 5. Other semiconductor stocks also rose, boosting the PHLX Semiconductor Index.