"Analyst Christopher Rolland raised his rating to neutral, after downgrading AMD to sell on March 26, and raised his stock price target to $11 from $8, saying "a lot can change in two months." Rolland said his downgrade was based on concerns over reliance on Ethereum-related GPU shipments, but since then, Ethereum prices have run up 36% in the past month, and AMD's better-than-expected first-quarter results were driven in part by non-cryptocurrency mining products. INTC, -1.79% unexpectedly pushing out volume production of 10nm into 2019, Rolland said AMD will be able to compete at a similar process technology for the first time in decades."
Marketwatch.