Wall Street analyst calls on Advanced Micro Devices, Dynatrace, and others

PARAGRAPH 1 --- What happened: Raymond James upgraded Advanced Micro Devices (AMD) to a 'Strong Buy' on August 16, citing surging server CPU demand. AMD stock jumped 3% following the upgrade. Intel also rose 3% after a disclosed trade by Paul Pelosi. Opera Limited (OPRA) moved its Q2 earnings release forward to August 19, signaling potential positive guidance.

PARAGRAPH 2 --- Market impact: The semiconductor sector saw a boost, with AMD and Intel leading the way. AMD's upgrade and Opera's earnings move focused investor attention on tech growth stocks. The upgrade and earnings shift could drive further demand for AMD and Opera shares, benefiting the broader tech sector.

PARAGRAPH 3 --- What to watch next: AMD's earnings on August 30 will provide insight into its server demand and growth prospects. Opera's earnings on August 19 could offer guidance on AI browser growth. Additionally, the Core PCE print on August 30 will influence Fed interest rate decisions, impacting the broader market.