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

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.

AMD stock rebounds in premarket as tech gains and a massive 30 MW AI compute deal with Rackspace shifts focus back to recent highs.

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.