AMD stock price rises, Wall Street focuses on July AI events expecting the next major catalyst

MaticHoleFiller · 2026-04-08T07:01:55+00:00

Super Micro Semiconductor stock price rose approximately 3.7% as Wells Fargo included it in their tactical stock picks list and forecasted that AMD will benefit from the demand for EPYC server CPUs and the release of AI GPUs. Analysts expect the stock to have upside potential, with a target price of $345.

MaticHoleFiller

2026-04-08 07:01:55

Abstract generation in progress

Super Micro Semiconductor’s stock price rose about 3.7% in the late trading on Wednesday. Earlier, Wells Fargo Bank included the chipmaker in its tactical stock-picking list for the second quarter.

The firm expects that the market will remain in a positive mood before AMD reports its first-quarter earnings on May 5, citing strong demand for EPYC server CPUs as well as a potential release of AI GPUs. Wells Fargo Bank also noted that the company’s “Accelerate AI” event in July could act as a catalyst.

Analyst Aaron Lax reiterated a “buy” rating for the stock, with a target price of $345, implying potential upside from current levels. Although AMD’s stock price has gained nearly 98% over the past 12 months, it is still down by about 2% year to date.

Before this trading activity, a prank report claimed that AMD had agreed to acquire Intel, a claim that drew attention online on April 1. At present, there is no reliable information supporting an acquisition deal between these two chipmakers.

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