🟢 AMD is trading 4.45% up today driven by Wells Fargo upgrade and strong AI demand signals

AMD is trading at $233.54 (+4.45%) as Wells Fargo reiterated its Overweight rating and $345 price target, positioning the chipmaker as the firm's top stock pick for 2026.

• Wells Fargo highlighted AMD's CPU leadership, market share gains, and strengthening AI datacenter GPU position with its MI300 accelerators.
• KeyBanc also upgraded the stock to Overweight with a $270 price target, citing the chipmaker is "almost completely sold out" of server CPUs due to surging hyperscaler demand.
• AMD's AI revenue is projected to reach $14-15 billion in 2026 as MI455 GPUs ramp significantly in the second half of the year.