Wall Street Flags Advanced Micro Devices as a Buy Before Earnings

Wall Street Flags Advanced Micro Devices as a Buy Before Earnings

Quick Read Wells Fargo added AMD (AMD) to its Q2 Tactical Ideas List with an Overweight rating and $345 price target, citing strong EPYC server demand and expected GW-scale AI GPU announcements ahead of Q1 earnings on April 30. AMD’s $345 price target is $55 above consensus, reflecting conviction in a near-term catalyst setup; the stock’s 5% year-to-date decline and forward P/E of 29x suggest the market has already priced in substantial growth…