Bank of America’s Top Pick for a $210B Market Is AMD, But Traders Prefer This Other Stock

BeInCrypto Editorial

(01:17 PM UTC)

1 min read

Bank of America raised its 2030 server CPU market forecast to more than $210 billion this week and kept AMD as its top pick. The options market disagrees, with traders now holding more bearish contracts on AMD stock than bullish ones.

AMD closed at $483.01 yesterday, roughly double its April price. Behind the rally, positioning data shows protection buying, money outflows, and hedge funds…

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BeInCrypto Editorial · BeInCrypto

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