Wedbush Raises AMD Price Target Amid Strengthening AI Outlook
Advanced Micro Devices (AMD) has seen its stock price target raised from $450 to $600 by Wedbush following the company's Advancing AI 2026 event. The analysts cited new partnerships and improved supply chain conditions as key factors boosting confidence in AMD’s data center AI growth trajectory. The two-day event, featuring CEO Lisa Su and investor discussions, focused on AMD’s broader AI strategy rather than near-term financials ahead of its Q2 earnings report. Wedbush noted that AMD is positioning itself as an end-to-end compute solution provider across GPUs, CPUs, networking, software, client computing, and physical AI. New agreements with Microsoft and Anthropic are expected to significantly boost data center AI silicon revenue in the second half of 2026 through 2027. The analysts also highlighted progress on supply chain constraints and a collaboration with Cerebras that could enhance AMD’s high-speed AI inference capabilities.
Topics: AI Chipmaker Strategy Data Center Partnerships