Wells Fargo raises target price of Advanced Micro Devices, Inc. to $615 from $505

Wells Fargo has raised its target price for Advanced Micro Devices, Inc. (NASDAQ:AMD) to $615 from $505, maintaining its "Overweight" rating for the stock. The firm cited continued strong demand for AMD’s EPYC server CPUs and the company’s expanding AI GPU market role as key factors supporting the upward revision. The analyst highlighted AMD’s strategic position in the data center compute space and its upcoming product roadmap, including new AI GPU announcements and the Helios systems initiative, as catalysts for future growth.

The firm also noted the potential for additional large-scale AI contracts, including a possible third gigawatt-scale Microsoft deal, which could further drive revenue growth in the second half of 2026. UBS, another major firm covering AMD, reiterated a "Buy" rating with a $310 price target, emphasizing confidence in the company’s long-term revenue trajectory.

Advanced Micro Devices, a leading semiconductor company, operates in three segments: Data Center, Client & Gaming, and Embedded. The firm’s positive outlook reflects its belief in AMD’s ability to capitalize on the growing demand for high-performance computing and AI infrastructure.