BofA raised the firm’s price target on AMD (AMD) to $280 from $260 and keeps a Buy rating on the shares. The firm, which anticipates AMD’s server CPU business to continue growing strong double-digits in calendar 2026 on continued product execution, share gains versus Intel (INTC) and rising demand for AI inference head node, continues to like AMD as “a credible alternative merchant AI GPU supplier” to Nvidia (NVDA), the analyst tells investors after earnings.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMD:
- AMD price target raised to $235 from $225 at Bernstein
- Advanced Micro Devices, Inc. Earnings Report: Did it Beat Expectations?
- AMD Stock Down 8% Despite Strong Q4 Earnings — What Spooked Investors
- AMD’s Secular AI Ramp Drives Confident Buy Case Toward $290 Target
- Closing Bell Movers: AMD down 8% on earnings despite beat