SEANA SMITH: My play today is AMD. Stifel initiating coverage on the stock with a buy rating and $122 price target, saying that it is the best bet of the three major US chip companies. Stifel bullish on AMD's, quote, "momentum in data center enterprise and with PC manufacturers" and expects a, quote, "rapid cadence of new product introductions" and its evaluation call as well. Analyst there Reuben Roy noting that AMD's valuation is less than 20 times next 12 month earnings, so it's an attractive, given the growth potential that Stifel sees in this stock.