AMD Stock Upgrade by Raymond James Analyst
Raymond James analyst Simon Leopold has assigned a strong buy rating to Advanced Micro Devices (NASDAQ: AMD), setting a price target of $641, which implies a 33% upside from current share prices. This optimism is driven by forecasts for the server CPU market, projected to reach $201 billion by 2030, largely due to the expanding role of agentic AI technologies.
AMD reported $6.7 billion in revenue from its data center segment, marking a 107% year-over-year increase. The company’s management anticipates server CPU revenue will grow more than 80% year-over-year in the second half of 2026, further solidifying its position in a market previously dominated by GPUs.
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