HSBC semiconductor analyst Frank Lee upgraded Advanced Micro Devices to “Buy” from “Hold” and doubled his 12-month price target to $200, implying roughly 45% upside for the shares. The previous target was $100. Lee said the brokerage’s AI-related revenue projections for AMD are 57% above the Street consensus, driven primarily by the company’s forthcoming MI350 graphics-processing-unit series. HSBC expects the new chips to narrow AMD’s performance gap with Nvidia in data-center and generative-AI workloads, supporting faster earnings growth.