"Wells Fargo analyst Aaron Rakers has been tracking AMD's AI GPU pipeline closely. On the Q4 2025 earnings call, Rakers pressed Lisa Su directly on customer engagements for the MI455 and Helios platform, probing whether multi-gigawatt opportunities were materializing. Su's response was unambiguous: 'The customer engagements continue to proceed very well' and the MI450 ramp with OpenAI is 'on schedule to start in the second half of the year.'"
"AMD delivered a strong close to fiscal 2025. Q4 2025 revenue reached $10.27 billion, beating estimates by 6% and growing 34% year-over-year. The Data Center segment set a record at $5.38 billion, up 39% year-over-year. Non-GAAP EPS came in at $1.53, beating the $1.32 consensus estimate."
"Wells Fargo's $345 price target sits well above the analyst consensus target of $289.61, signaling above-consensus conviction. AMD trades at a forward P/E of 29x, a significant compression from the trailing multiple."
AMD is attracting institutional attention ahead of its earnings report, with Wells Fargo adding it to its Q2 Tactical Ideas List and setting a $345 price target. The firm cites strong demand for EPYC server CPUs and upcoming AI GPU announcements as key drivers. AMD's Q4 2025 revenue reached $10.27 billion, exceeding estimates, with significant growth in the Data Center segment. Q1 2026 guidance anticipates revenue of approximately $9.8 billion, indicating continued growth. The July AI event is expected to serve as a positive catalyst for the company.
Read at 24/7 Wall St.
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