Jefferies raised the firm’s price target on AMD (AMD) to $415 from $300 and keeps a Buy rating on the shares. Server CPU was “the clear highlight” as AMD doubled the total addressable market forecast to $120B by 2030, or 35% growth, on agentic AI tailwinds, the analyst tells investors. The “beat-and-raise wasn’t as large as some estimates but the CPU market narrative meaningfully strengthened,” the analyst added in a post-earnings note.
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