AMD Forecasts 80% Server CPU Growth, BNP Raises Target to $960
AMD has more than doubled off its 52-week low of $188.22.
Summary
AMD's weekly recap highlights aggressive server CPU growth forecasts: H2 2026 revenue up ~80% YoY and 2027 growth ~70%, with data-center and AI-GPU revenue expected to double. BNP Paribas raised its price target to $960 from $600, citing a potential $245B agentic-AI CPU market by 2030. The company is securing HBM supply from Foxconn and TSMC to meet demand, while Ark sold about 204K shares (~$125M) last week. This follows the Anthropic 2GW MI450 deal and the $8.2B World Labs acquisition announced earlier. The stock has surged over 200% in 2026 and recently topped a $1T market cap.
At the time of this announcement, AMD was trading at $602.20 on NASDAQ in the Technology sector, with a market capitalization of approximately $992.7B. The 52-week trading range was $188.22 to $658.52. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.