Citi Puts AMD, Analog Devices On 30-Day Positive Catalyst Watch

Citi put Advanced Micro Devices (AMD) and Analog Devices (ADI) on 30-day catalyst watch, spurring gains in both names as investors anticipated positive near-term earnings catalysts. Analog Devices climbed about 2.8% to 327.36 and AMD rose roughly 1.2% to 220.18 on the note. Citi’s analyst Atif Malik rates ADI as a buy (price target 400) and AMD as neutral (price target 248), citing stronger analog pricing and improving CPU demand that should boost upcoming quarters. Other Wall Street commentary highlighted bullish views on AI- and data-center-exposed semiconductors (Nvidia, Broadcom, Monolithic Power) and positive supply-chain checks for Intel and Micron, supporting broader semiconductor upside. The note reinforces investor focus on data-center semis and analog chipmakers as potential near-term outperformers into earnings.