On June 12, AMD surged 5.5%, closing at $515.72. In news, Goldman Sachs upgraded AMD's rating to 'Buy' and significantly raised its target price from $240 to $450. Goldman Sachs analyst Schneider expressed optimism about the positive impact of agent-based AI on its server CPU business, as well as the upside potential for data center GPUs in 2027 and beyond.
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AMD Soars 5.5%, Goldman Sachs Raises Target Price to $450
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Iranian Foreign Minister: Iran-U.S. Memorandum of Understanding May Be Signed in Days
On June 13, Iranian media reported that Iranian Foreign Minister Amir-Abdollahian stated that once the final stage of negotiations between Iran and the U.S. is completed, the memorandum of understanding will be signed and announced immediately. The first phase will be signed electronically from a distance, "which may happen in the coming days." (Xinhua News Agency) -
U.S. Officials: U.S. and Iran Close to Agreement, Signing Expected in Coming Days
On June 13, Reuters reported that a senior U.S. official stated on Friday local time that the U.S. and Iran have not yet truly reached the finish line, but are very close to finalizing an agreement to resolve their conflicts. Washington expects to sign the agreement in the coming days. 'The negotiating team has put us in a very favorable position, but we still need to see, we haven't really reached the finish line, but we are very close,' the U.S. official said. The official noted that the agreed terms achieve a core goal of Trump. The memorandum of understanding includes the reopening of the Strait of Hormuz and the lifting of U.S. blockades on Iranian ports. Iran's highly enriched uranium will also be destroyed on-site and subsequently removed from the country. 'Iran will not gain anything from signing the memorandum or from the negotiations themselves,' the official said. 'They will receive economic rewards for fulfilling the obligations set forth in the agreement. Therefore, if they commit to handing over nuclear materials, they will gain something. If they dismantle their nuclear program or facilities, they will receive additional benefits.' -
Iran's Foreign Ministry: Iran is Reviewing Draft Memorandum of Understanding
On June 13, local time on the 12th, Iranian Foreign Ministry spokesperson Baghaei stated that Iran and the United States have reached an understanding on most issues, and Iran is currently in the final stages of compiling the text of the memorandum of understanding. Therefore, the previous statement by Iranian Foreign Minister Amir-Abdollahian that 'the two sides are very close to reaching an understanding' is accurate and noteworthy. Meetings of relevant decision-making bodies are ongoing, and this is a process that is being continuously advanced. To achieve a final and decisive outcome, consensus must be formed among decision-making bodies and relevant departments. Baghaei also mentioned that various speculations regarding the content of the agreement text have not been confirmed. Although specific details of the diplomatic process cannot be publicly discussed at this time, this does not mean that the public does not have the right to be informed. (CCTV News) -
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Iranian Foreign Minister Claims Iran and US 'Have Never Been Closer' to Memorandum of Understanding
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