Advanced Micro Devices rose 4.30% after analyst upgrades pointed to stronger data center GPU demand ahead of May 5 earnings.

AMD closed at $337.11 on Wednesday, up 4.30%, with trading volume reaching 43.2 million shares, nearly 13% above its three-month average of 38.3 million shares.

Analyst upgrades, including a price target increase from Susquehanna, reflected expectations for stronger data center GPU demand tied to AI workloads and cloud provider spending on AI infrastructure.

The company's May 5 Q1 earnings report will provide updated data on data center revenue, GPU shipments, and guidance as competition from Nvidia and Intel continues to influence pricing and deployment scale.