Wells Fargo and Bank of America Raise AMD Stock Price Targets

Wells Fargo and Bank of America have increased their price targets for AMD to $700 and $720, respectively, maintaining "buy" ratings. This bullish outlook follows AMD's $8.2 billion acquisition of World Labs and strong revenue growth driven by its Helios chips. Despite a recent market cap milestone of $1 trillion and a subsequent correction to $607, analysts remain optimistic about the company's data center expansion.