Bank of America Boosts AMD Price Target to $200 on AI and CPU Momentum
Citing AMD's potential to capture over 30% of the CPU market and resume AI chip sales to China, Bank of America has raised its price target, signaling strong confidence in the chipmaker's growth.
Olivia Sharp
•
•
1 min read
•
520 views
Free
Bank of America Securities has raised its price target on AMD to $200, citing strong momentum in both the AI and CPU markets. Analysts project AMD will capture over 30% of the CPU market by 2026 and generate up to $1 billion in new revenue from resuming AI chip sales to China.
Bank of America Boosts AMD Price Target to $200 on AI and CPU Momentum
Bank of America Securities raised its one-year price target on Advanced Micro Devices (AMD) stock to $200 from $175, citing strong momentum in both the artificial intelligence and CPU markets. The new target implies a nearly 13% upside from the stock's recent levels.
Key Drivers for the Upgrade
BofA analyst Vivek Arya maintained a "Buy" rating on the stock, outlining several key reasons for the bullish outlook:
- CPU Market Share Gains: The firm projects that AMD's share of the CPU market could rise …
Archive Access
This article is older than 24 hours. Create a free account to access our 7-day archive.