AMD (AMD) Price Target Raised to $575 After Upgrade by Citi
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowCiti analyst Atif Malik upgraded AMD (AMD) to Buy from Neutral, raising the price target from $460 to $575. Shares increased by 4.73% following the announcement, indicating more than a 17% upside potential. Malik highlighted increased confidence in AMD's GPU business, forecasting $33 billion in AI GPU revenue by 2027 and $50.8 billion by 2028. The upgrade emphasizes a significant discrepancy between market pricing and Citi's revenue expectations, specifically regarding AMD's perception as a key player in the GPU market.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Advanced Micro Devices Inc. (AMD)
Advanced Micro Devices designs CPUs and GPUs that compete with Intel and Nvidia across PCs, gaming consoles, data centers, and AI workloads.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier AMD news
- Adobe (ADBE) and AMD Stocks Show Premarket Movement Trends
- Broadcom (AVGO) Q3 AI Revenue Outlook Misses at $16B, Shares Drop
- AMD Stock Surges 300% in 12 Months Amid AI Demand
- AMD Revenue Rises 38% Driven by Data Center Growth in Q1 2026
- AMD (NASDAQ: AMD) Begins Production of Venice EPYC Processors
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