Advanced Micro Devices 
AMD drew another bullish call from Wolfe Research, which kept an Outperform rating and a $450 price target on the chipmaker, according to a Monday research note.
AMD's next wave of artificial intelligence hardware is the focus. Wolfe said investors are looking ahead to the MI500 accelerator family and later MI-600 products, which it sees as important to the company's effort to expand in AI infrastructure.
AMD is expected to share more details on MI500 at its July Advancing AI event. Wolfe also said MI-600 could follow about 12 to 15 months later, giving the market more visibility into AMD's roadmap.
AMD shares rose about 7% on Monday following the news.
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