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These chipmakers are climbing thanks to sky-high CPU demand. UBS sees more gains

Advanced Micro Devices and Arm Holdings are poised to outperform as artificial intelligence providers increasingly embrace central processing units (CPUs) and other specialized hardware to power new AI agents, according to UBS. The Swiss-based investment bank has a buy rating on both chipmakers, raising its 12-month share price target on AMD to $670 from $470,…

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