Wolfe Research raises AMD price target to $450, citing 57% data center revenue growth and expanding AI GPU demand as key catalysts for outperformance.

The AI boom has turned Micron (MU) and Advanced Micro Devices (AMD) into the most-watched chip stocks of 2026. Each belongs to a different corne...

Wolfe Research raises AMD price target to $450, citing 57% data center revenue growth and expanding AI GPU demand as key catalysts for outperformance.

AMD's market cap topped $900 billion as shares hit $558, driven by AI chip demand and a Samsung HBM4 memory partnership for its MI455X GPUs.

Bernstein analyst Stacy Rasgon raised AMD's price target to $600 from $525, citing AI accelerator growth and data center momentum as key drivers.