Bank of America Raises AMD Target Price to $620, Cites Strong AI Server Demand

BAC1.83%
AMD2.47%
Bank of America raised Advanced Micro Devices' (AMD-US) stock price target to $620 from $550, maintaining a Buy rating, citing sustained strength in AI server demand and market share gains for its EPYC processors. The bank expects AMD to exceed market expectations for second-quarter earnings and raise full-year guidance, with analyst Vivek Arya noting strong cloud customer demand and stable supply conditions. AMD is set to launch its new Helios AI system with Instinct MI455X GPUs in the third quarter, alongside its sixth-generation EPYC Venice processors. The company will report second-quarter earnings on August 4, with an Advancing AI conference scheduled for July 22-23 in San Francisco, where it will showcase its latest AI infrastructure and systems.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments