semiconductor / news / / CNBC TV18
Goldman Sachs upgrades AMD to buy, raises price target to $450, citing agentic AI tailwinds, stronger than expected Q1 and outlook.
Goldman Sachs has upgraded AMD to a 'buy' rating, raising its price target to $450.
KEY POINTS
- Goldman Sachs projects AMD's server CPU revenue to reach $21.1 billion by 2027.
- The upgrade is attributed to stronger than expected Q1 results and positive outlook for AMD.
- Agentic AI is identified as a structural tailwind driving AMD's future growth potential.
COMPANIES
Summarized by Newsio from CNBC TV18. How we summarize →