Advanced Micro Devices (AMD) stock is ripping higher on Thursday after senior Susquehanna analyst Christopher Rolland issued a bullish note in favor of the chipmaker. In his research note, Rolland maintained a positive rating on AMD and raised his price objective to $500, signaling potential upside of more than 15% from its previous close. More News from BarchartAMD Stock Is Worth Buying Ahead of Q2 EarningsRolland's research note arrives only days before AMD is scheduled to post its Q2 earnings release. Importantly, Barchart also currently has a "56% BUY" opinion on AMD stock, which reinforces that technical momentum remains in its favor. Wall Street Remains Bullish on AMDInterestingly, Susquehanna is still among the more conservative Wall Street firms on AMD shares.