# Advanced Micro Devices stock hit a high of $432.49 in Wednesday's session.

*semiconductor · news · 2026-05-06 · Business Insider*

## Key points

- Barclays raised AMD's price target to $500, citing its key role in agentic AI growth.
- AMD doubled its 2030 server CPU TAM estimate to $120bn due to agentic AI demand.
- Wedbush reported AMD's server compute revenues rose over 50% year-over-year in Q1.
- Goldman Sachs expects AMD to be a major beneficiary of enterprise agentic AI adoption.
- Jefferies highlighted AMD's strengthened CPU market narrative, with GPU execution as a key swing factor.

**Companies:** Advanced Micro Devices, Nvidia, Broadcom, Intel
**Countries:** United States

[Read the full story on Business Insider](https://www.businessinsider.com/amd-stock-price-target-chip-earnings-ai-tech-market-investing-2026-5)

---

Canonical: https://newsio.io/n/5f0ad607-9108-44ea-9290-e774a131112f/advanced-micro-devices-stock-hit-a-high-of-432-49-in-wednesdays-session-the-stoc
Summarized by Newsio from Business Insider. https://newsio.io/how-it-works