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Advanced Micro Devices stock hit a high of $432.49 in Wednesday's session.
Barclays raised AMD's price target to $500, citing its key role in agentic AI growth.
KEY POINTS
- AMD doubled its 2030 server CPU TAM estimate to $120bn due to agentic AI demand.
- Wedbush reported AMD's server compute revenues rose over 50% year-over-year in Q1.
- Goldman Sachs expects AMD to be a major beneficiary of enterprise agentic AI adoption.
- Jefferies highlighted AMD's strengthened CPU market narrative, with GPU execution as a key swing factor.
COMPANIES
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