What specifically did Wells Fargo do on January 30, 2026?

Wells Fargo maintained an Overweight rating on Advanced Micro Devices, Inc. (AMD) on January 30, 2026. The firm reiterated a **$345** price target and publicly refuted MI450 delay claims, advising investors to buy on weakness.

How does the Wells Fargo note affect AMD stock near term?

Wells Fargo’s maintained Overweight helped stabilize AMD after a news-driven dip. The AMD analyst rating reduced selling pressure and tied to an observed **2.65% ($6.41)** move in the session around the report.

What should investors do with this AMD analyst rating?

Treat the maintained Overweight as confirmation of bullish fundamentals. Use the AMD analyst rating as one input and combine it with valuation, guidance, and execution checks before adjusting position sizes.

How does Meyka AI view AMD now?

Meyka AI rates AMD with a **B+**, reflecting sector strength, growth metrics, S&P 500 comparison, and analyst consensus. This grade is a model output and not investment advice.

Analyst Ratings

Wells Fargo Maintains Overweight on Advanced Micro Devices, Inc. (AMD) Jan 2026

ByHuzaifa Zahoor February 2, 2026February 2, 2026

Wells Fargo maintained an Overweight rating on Advanced Micro Devices, Inc. (AMD) on January 30, 2026. This AMD analyst rating decision followed Wells Fargo’s public refutation of reports that the MI450-series AI accelerator faced delays. The firm reiterated a $345 price target and called for buying on weakness. The move kept Wells Fargo among bullish analysts as AMD trades amid AI and data center momentum.