AMD Watch posted an update
AMD shares rallied on Tuesday after two investment banks raised their price targets, Investor’s Business Daily reports. The analysts see demand for chips used in agentic AI applications as a possible growth driver for AMD and other chipmakers.
Why it mattersCiti kept its buy rating and raised its AMD target from $575 to $800. Mizuho also raised its target, though the supplied report excerpt does not give the new figure. It is a bullish analyst view, not proof that agentic AI demand will deliver those returns.
Discuss: Are chipmakers’ AI growth prospects persuasive enough to justify higher price targets, or are analysts getting ahead of the market?
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