Research firm Bernstein raised its price targets on three chip stocks — AMD, Arm and Intel — citing a "CPU renaissance."

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

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

Research firm Bernstein raised its price targets on three chip stocks — AMD, Arm and Intel — citing a "CPU renaissance."

AMD stock rises premarket as Bernstein lifts its price target to $600, citing strong AI infrastructure and server market demand.