Bank of America raised its price target for Advanced Micro Devices to $720. [13, 14]
The firm increased the target from $620 and maintained a Buy rating. [13, 14]
Analysts cited the Anthropic-Akamai infrastructure deal as evidence of the growing importance of CPUs for agentic artificial intelligence. [14]
The bank forecasts the total server CPU market will reach $61 billion by 2026. [14]
This market is projected to expand to $211 billion by 2030. [14]
AMD recently surpassed a market capitalization of $1 trillion. [5, 30]
The company secured major AI-related deals with partners including OpenAI, Meta, and Anthropic. [5, 30]