RBC Capital raised the firm’s price target on AMD (AMD) to $400 from $325 and keeps a Sector Perform rating on the shares after the company’s solid results and outlook. Server CPU revenue was particularly strong, up 50% in Q1, driven by Agentic AI, and the management now sees the server CPU market growing at over 35% CAGR to $120B total addressable market by 2030, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMD:
- AMD Stock Skyrockets — Here’s What Top Analyst Blayne Curtis Sees Next
- AMD Stock Soars on Strong Q1 Beat; Goldman Sachs, Bernstein Upgrade to Buy on AI Chips Demand
- Why AMD Stock Soars after Q1 Earnings — Here’s What Top Financial Analysts and Crowd Wisdom Say
- AMD Rallies After Earnings. Will Nvidia Follow Suit?
- Why CoreWeave (CRWV), Nebius, and Iren Stocks Surging Today, 5/6/26?