Wells Fargo analyst Aaron Rakers notes AMD (AMD) shares are under pressure on reports that SemiAnalysis believes the company’s MI450-series is delayed. Wells says it “would refute this claim.” The firm reiterates its belief that AMD will highlight traction toward MI450-series ramp starting in the second half of 2026. Wells would be a buyer on stock weakness. The firm has an Overweight rating on AMD with a price target of $345.
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