$Advanced Micro Devices(AMD)$ The stock has been in a strong structural uptrend since April, and the positioning narrative around long-dated upside bets reflects that broader momentum. The idea is straightforward: if early buyers accumulated deep ITM leaps around the $220 area and are still holding, it signals conviction in a multi-leg expansion rather than a short-term trade. From a price structure standpoint, the move from $220 toward the current range already represents a major re-rating phase. The next question is whether momentum can sustain a continuation leg or if we enter a digestion phase after the initial expansion. The bullish projection toward $600–640 assumes continued AI-driven demand, strong semiconductor leadership, and no majo
$Cerebras Systems(CBRS)$ Four analyst initiations came out today: UBS initiated with a Buy rating and a $300 target (+49%). Mizuho gave it an Outperform rating, also at $300 (+49%). Barclays issued an Overweight rating with a $280 target (+39%). Morgan Stanley initiated with an Overweight rating at $250 (+24%). All are bullish. The average price target is around $283.
$Advanced Micro Devices(AMD)$ June 2nd - Barron's article on Cathie Wood. Nvidia stock was gaining early Tuesday. The fund manager trimmed holdings of AMD, which could be seen as a vote of confidence for Nvidia. Overall, ARK Invest still holds a much larger position in AMD than in Nvidia. For instance, the flagship ARKK ETF holds about $362.1 million worth of AMD shares, making up around 5% of its portfolio and its third-largest position. ARKK has $125.7 million worth of Nvidia shares.