Daiwa Downgrades AMD to Outperform Despite $500 Target Hike on Valuation

Wall Street's latest analyst calls highlighted Daiwa's downgrade of AMD to Outperform from Buy, raising the price target to $500 from $250 amid a ~150% share surge over 60 days, signaling valuation concerns. This follows April's inflation surge to 3.8% headline and 2.8% core CPI, driving Treasury yields higher (30-year 5.03%, 10-year 4.46%) and pressuring tech stocks, while energy rallied (Brent $107.80 +3.48%, WTI $102.40 +4.37%). Mixed sentiment persisted with upgrades for Akamai on a $1.8B AI deal and Johnson & Johnson, alongside downgrades for Under Armour and ZoomInfo.