Advanced Micro Devices (AMD) shares surged after the company projected 60% annual growth in data center revenue over the next 3-5 years. CEO Lisa Su dismissed concerns about overspending on AI, stating it’s the right move. AMD stock is up 230% since early April, with analyst forecasts predicting revenue to quadruple by 2030, potentially reaching $1.7 trillion. Wells Fargo raised its price target on AMD to $345, citing strong financial performance and market share gains in core areas like AI accelerators and GPUs. Wall Street consensus on AMD shares is “Strong Buy,” indicating further upside potential.

Read more at Barchart: AMD Says Data Center Revenue Could Jump 60% Annually from Here. Should You Buy AMD Stock Now?