Research firm Bernstein raised its price targets on three chip stocks — AMD, Arm and Intel — citing a "CPU renaissance."
AMD, Arm, Intel Get Price-Target Hikes On 'CPU Renaissance'
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12:00 PM ET 06/17/2026
The increasing need for central processing units to manage AI workloads in data centers has been a boon to CPU makers AMD (AMD), Arm (ARM) and Intel (INTC). Research firm Bernstein on Wednesday raised its price targets on the three chip stocks, citing a "CPU renaissance." Bernstein increased its price target on AMD stock to 600 from 525 and maintained…
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This central processing unit renaissance was confirmed when Intel reported earnings two weeks ago. AMD and now Arm told similar…
