Wall Street Flags Advanced Micro Devices as a Buy Before Earnings

1 hour ago 3

Eric Bleeker

Wed, April 1, 2026 astatine 9:48 AM CDT 4 min read

Wells Fargo added AMD (AMD) to its Q2 Tactical Ideas List with an Overweight standing and $345 terms target, citing beardown EPYC server request and expected GW-scale AI GPU announcements up of Q1 net connected April 30.
AMD’s $345 terms people is $55 supra consensus, reflecting condemnation successful a near-term catalyst setup; the stock’s 5% year-to-date diminution and guardant P/E of 29x suggest the marketplace has already priced successful important growth, with semipermanent investors focused connected validating the company’s ambitious AI gross trajectory done April net and ceremonial lawsuit announcements.
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Advanced Micro Devices (NASDAQ:AMD) is drafting caller organization attraction up of its adjacent net report. Wells Fargo added AMD to its Q2 Tactical Ideas List with an Overweight standing and a $345 terms target, citing a affirmative setup into Q1 results driven by continued indications of beardown EPYC server CPU request positive further GW-scale AI GPU announcements. The steadfast besides flags its July Accelerating AI lawsuit arsenic a apt affirmative catalyst.

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Company

Firm

Action

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AMD	Advanced Micro Devices	Wells Fargo	Added to Q2 Tactical Ideas List	Overweight	Overweight	$345

Wells Fargo expert Aaron Rakers has been tracking AMD's AI GPU pipeline closely. On the Q4 2025 net call, Rakers pressed Lisa Su straight connected lawsuit engagements for the MI455 and Helios platform, probing whether multi-gigawatt opportunities were materializing. Su's effect was unambiguous: "The lawsuit engagements proceed to proceed precise well" and the MI450 ramp with OpenAI is "on docket to commencement successful the 2nd fractional of the year." Wells Fargo sees those engagements converting into ceremonial GW-scale announcements astir Q1 reporting, with AMD's ain July AI lawsuit adding different imaginable catalyst window.

AMD delivered a beardown adjacent to fiscal 2025. Q4 2025 gross reached $10.27 billion, beating estimates by 6% and increasing 34% year-over-year. The Data Center conception acceptable a grounds astatine $5.38 billion, up 39% year-over-year. Non-GAAP EPS came successful astatine $1.53, beating the $1.32 statement estimate. For the afloat year, AMD generated escaped currency travel of $5.519 billion, up 129% year-over-year.

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