Citi raised the firm’s price target on AMD (AMD) to $460 from $358 and keeps a Neutral rating on the shares. Citi introduced a new CPU total addressable market model, including general purpose CPUs, AI head nodes, and agentic CPU applications. The firm now sees the market growing 35% annually to $132B by 2030, driven by 185% annual agentic CPU growth. The new price target reflects Citi’s update model.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMD:
- Want Nvidia Stock (NVDA) Exposure Ahead of May 20 Earnings? Consider These 3 ETFs
- Nvidia (NVDA) Looks Expensive Heading into Earnings. I Think the Market Has It Wrong
- Micron Stock Price Could Hit $1,000 — 3 ETFs to Ride the Big AI Rally
- Xanadu Stock Drops after Q1 Earnings, but Analysts See Big Upside for XNDU
- Long-Term Apple Deal Does Little Good for Intel Stock (NASDAQ:INTC)