Investors should consider getting bullish on Advanced Micro Devices following a slew of positive headlines surrounding the name, according to Scott Nations, president of Nations Indexes. Nations joined CNBC’s ” Power Lunch ” on Wednesday to discuss this and two more of the trading day’s biggest stock stories, and whether investors should take up or sell shares of those names. Advanced Micro Devices The artificial intelligence chip company gained more than 4% on Wednesday after it said its board of directors approved $6 billion in share buybacks . AMD 1D mountain AMD, 1-day Nations deemed AMD as a “buy,” pointing out that President Donald Trump is planning to revoke U.S. chip export restrictions , which “is going to be good for the whole space.” He also called AMD the “second-best play” as the company, as well as Nvidia, scored deals this week with Saudi company Humain to help expand its AI infrastructure. “If you want to be in the AI space, you get to buy this name at a 35% discount to its 52-week high,” Nations said. Shares of AMD are up nearly 25% over the past month, but still off more than 2% in 2025. AbbVie Shares of biotech company AbbVie pulled back more than 5% in Wednesday’s session. ABBV 1D mountain ABBV, 1-day On Wednesday, Citi downgraded the stock to neutral from buy and trimmed its price target by $5 to $205 a share, which implies more than 15% upside. Analyst Geoff Meacham thinks the company’s constant “beat and raise” trend with its quarterly results could suggest a lightness in its late-stage product development pipeline when compared to its peers. “While current fundamentals are solid, we suspect that the share impact from quarterly surprises could diminish going forward, especially as investors increasingly shift more focus to the pipeline,” Meacham wrote in a note to clients. Nations does not concur with that stance, however, saying the downgrade is “really goofy” and still regards AbbVie as a “buy.” “The pipeline is critical for any pharma company, but this company beats on earnings expectations consistently, it raises dividends, has [a] nice dividend yield [at] 3.5%,” he continued. “It’s in a good space.” Over the past three months, the stock has slid 8%. Tesla Tesla was up 4% Wednesday after Reuters, which cited a person with direct knowledge of the matter, reported that the electric vehicle maker will begin shipping components for its Cybercab and Semi trucks from China to the U.S. at the end of the month. That follows the U.S. and China earlier this week agreeing to temporarily cut tariffs on each other’s goods for 90 days. The agreement came as the automaker has seen a decline in its China sales while facing increasing competition from local automakers in that country. “I think Tesla right now is a hold,” Nations also said. “It’s good that they’re going to resume importing parts from China, but remember, there’s still a pretty big, hefty tariff in place for Chinese imports. The potential exists that in about 85 days, that tariff is going to increase, maybe as much as triple.” TSLA 1D mountain TSLA, 1-day While shares have soared nearly 26% over the past week, they are still negative this year, declining about 14% during the period.
