Advanced Micro Devices (AMD) Stock Jumps 3% as Analysts Pile In With Bullish Calls

TLDR

• Piper Sandler initiated AMD coverage with an Overweight rating and a $600 price target
• AMD currently trades around $521, with a market cap of $850.67 billion
• Agentic AI is seen as a major demand driver for AMD’s CPU server chips
• AMD’s GPU Helios product has signed anchor clients including OpenAI, Meta, and Anthropic
• Piper Sandler projects 50% revenue CAGR and 65% EPS CAGR from fiscal 2026 to 2030

Advanced Micro Devices (AMD) got a fresh vote of confidence on Wednesday as Piper Sandler initiated coverage with an Overweight rating and a $600 price target, implying around 15% upside from AMD’s current price of $521.10.

Advanced Micro Devices, Inc., AMD

Analyst David O’Connor authored the initiation, pointing to agentic AI as a key demand driver for CPU server chips, an area where AMD is actively taking market share.

AMD’s stock had already moved higher on Wednesday, closing up 3.04% after CFO Jean Hu said the company could see a market opportunity of $2 to $3 trillion by the end of the decade.

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