AMD Stock Jumps 6% After Record Bond Sale and Bullish Bank of America Call
TLDR
- AMD jumped 6.19% on Friday, closing at $512.93
- AMD closed a record $4.75 billion bond sale, its largest investment-grade debt offering ever
- Bank of America raised its 2030 server-CPU market forecast to over $210 billion, naming AMD its top pick
- Management expects server revenue to grow more than 80% in the second half of 2026
- Wall Street analysts hold a Strong Buy consensus with an average price target of $647.04
AMD had a strong Friday, climbing 6.19% to close at $512.93, driven by two major catalysts that hit the market at roughly the same time.
The chipmaker closed a record $4.75 billion bond sale, its largest investment-grade debt offering ever. The deal was spread across four tranches, and demand from institutional investors was strong enough that AMD priced its longest-dated bonds below early guidance. That’s a good sign for investor confidence in the company’s direction.
The proceeds are expected to fund AMD’s AI hardware push and heavy capital spending plans.
Bank of America Turns Bullish on CPUs
Bank of America analyst Vivek Arya raised the bank’s 2030 server-CPU market forecast from around $170 billion to over $210 billion. AMD was named the bank’s top pick in the sector.
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