Eight Wall Street Firms Hike Price Targets for Advanced Micro Devices After Strong Q1 Earnings

Advanced Micro Devices (AMD) reported strong first-quarter earnings, leading eight major Wall Street firms to raise their price targets. The firm's revenue rose by 38% year-over-year and server CPU growth is expected to accelerate in the coming quarters due to agentic AI workloads expanding market opportunities.

By David Moadel Wed, May 6, 2026 at 6:25 PM GMT+3 3 min read · Yahoo Finance · May 6, 2026, 15:25 UTC

Tickers: $AMD $NVDA

Topics: AI workloads AMD Q1 earnings server CPUs Wall Street upgrades

Read the full article at Yahoo Finance

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