AMD Upgrades Fuel AI Frenzy After Blockbuster Q1
On May 10, 2026, Advanced Micro Devices stunned Wall Street after fresh AMD upgrades followed a stronger quarterly report and a bullish AI-driven outlook.
AMD Upgrades Spark New AI Gold Rush
Advanced Micro Devices delivered first-quarter revenue of $10.25 billion and earnings per share of $1.37, comfortably beating forecasts. Datacenter revenue jumped 57% to $5.78 billion, sending shares soaring more than 18% in a single session. “Strike while the iron is hot” suddenly became the market’s favorite phrase as demand for agentic AI infrastructure accelerated.
Wall Street Bets Big on Agentic AI
Goldman Sachs upgraded the chipmaker to buy and lifted its target to $450, while Bernstein raised its target to $525 after projecting powerful server CPU momentum through 2028. Analysts highlighted AMD upgrades as a direct response to booming AI workloads running across enterprise systems. The company also forecasted second-quarter revenue of $11.2 billion, topping expectations and reinforcing confidence that AI spending remains fierce despite broader market uncertainty.
