Stifel raised the firm’s price target on AMD (AMD) to $450 from $320 and keeps a Buy rating on the shares after the company reported “a strong beat-and-raise quarter.” Notably, management upgraded its server CPU total addressable market growth outlook from about 18% to over 35% annual growth, with expectations of reaching over $120B by 2030, reflecting the structural demand pull from inferencing and agentic AI, the analyst tells investors.
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