Erste Group Bank raised its rating on Advanced Micro Devices to Buy from Hold, citing surging demand for the chipmaker’s high-performance CPUs and GPUs in data centers. Analyst Stephan Lingnau said the stronger product mix and improving operating margins should accelerate AMD’s profit growth through 2025. In a broader reshuffle of coverage on 23 July, analyst Hans Engel upgraded Johnson & Johnson and Arista Networks to Buy while trimming ASML Holding, ServiceNow and Intuitive Surgical to Hold. The moves reflect Erste Group’s revised view of relative growth prospects across the technology and healthcare sectors.