AMD's Data Center Surge: Analysts Lift Targets, Oracle Orders 50K Instinct GPUs
AMD has more than doubled off its 52-week low of $154.78.
Summary
AMD's data center momentum is accelerating. Analysts raised price targets—BofA to $720, Piper Sandler to $600, Raymond James to $641—with the 55-analyst average now around $617. Oracle Cloud ordered 50,000 Instinct MI450 accelerators, a major enterprise GPU win. The OpenAI deal is immediately accretive and could drive tens of billions in annual AI data-center revenue starting 2027. CEO Lisa Su raised the 2030 server CPU market forecast to over $120B and projects 50% demand growth through 2030. AMD will raise prices about 10% on select high-performance chips to offset foundry costs and boost margins. The stock hit a fresh all-time high of $606.98 on September 21, up 8.4%, extending its 2026 gain to 183%. This follows the Q2 blowout reported in early August, but the new analyst targets, Oracle order, and pricing actions are fresh catalysts.
At the time of this announcement, AMD was trading at $616.10 on NASDAQ in the Technology sector, with a market capitalization of approximately $1T. The 52-week trading range was $154.78 to $639.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.