AMD gets a big upgrade from Goldman Sachs following a blowout earnings report

Advanced Micro Devices has considerable room to run over the next year, largely due to structural agentic artificial intelligence tailwinds following a strong first-quarter report, according to Goldman Sachs. The investment bank upgraded the chipmaker name to buy from hold. It also hiked its price target on shares to $450 from $240, implying 27% upside from Tuesday's close. AMD shares rallied 18% after the company posted first-quarter results that beat analyst expectations. …